LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE INC

EIN: 030108780

BURLINGTON, VT

Total Revenue
$2,862,395
Total Expenses
$2,516,748
Total Assets
$4,476,205
Net Assets
$3,195,607
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1911
Legal Domicile
VT
Principal Officer
CATHERINE DAVIS
Phone
8028633489
Tax Period
2023-10-01 to 2024-09-30

LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE INC, founded in 1911, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 12% surplus.

Mission

THE LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE ADVOCATES FOR THE THRIVING PRIVATE SECTOR ECONOMY FOR THE BENEFIT OF ITS MEMBERS AND THE COMMUNITY THROUGH EDUCATION, ADVOCACY AND PROGRAMS.

Program Service Accomplishments

Program 1

TOURISM - THE CHAMBER OFFERS VARIOUS SUB-PROGRAMS TO DRIVE TOURISM IN THE AREA. THE OPERATING OF SEVERAL AREA WELCOME CENTERS IS A MAJOR PART OF THIS EFFORT. THE ORGANIZATION OPERATES FIVE REGIONAL...

Read more

TOURISM - THE CHAMBER OFFERS VARIOUS SUB-PROGRAMS TO DRIVE TOURISM IN THE AREA. THE OPERATING OF SEVERAL AREA WELCOME CENTERS IS A MAJOR PART OF THIS EFFORT. THE ORGANIZATION OPERATES FIVE REGIONAL WELCOME CENTERS ON INTERSTATE 89 AND US ROUTE 2. EACH LOCATION OFFERS A VARIETY OF TRAVELER INFORMATION FOR THE GREATER BURLINGTON AREA AND VERMONT. THE WILLISTON WELCOME CENTERS ARE STAFFED BY CHAMBER TOURISM PROFESSIONALS. IN ADDITION TO TRAVELER INFORMATION, THE FACILITIES HAVE RESTROOMS, VENDING MACHINES, FREE COFFEE, PAYPHONES AND WIRELESS INTERNET ACCESS. HELLO BURLINGTON IS A DIVISION OF THE CHAMBER DEDICATED TO STIMULATING THE ECONOMIC VITALITY OF GREATER BURLINGTON BY GROWING THE CITY'S BRAND AND DEVELOPING A BALANCED YEAR ROUND TOURISM BUSINESS.

Program 2

TALENTBTV - THE LAKE CHAMPLAIN CHAMBER'S TALENTBTV INITIATIVE FOCUSES ON STRENGTHENING OUR BUSINESS COMMUNITY'S TALENT RECRUITMENT AND RETENTION THROUGH PROGRAMMING AND CONNECTIONS. LEADERSHIP...

Read more

TALENTBTV - THE LAKE CHAMPLAIN CHAMBER'S TALENTBTV INITIATIVE FOCUSES ON STRENGTHENING OUR BUSINESS COMMUNITY'S TALENT RECRUITMENT AND RETENTION THROUGH PROGRAMMING AND CONNECTIONS. LEADERSHIP CHAMPLAIN IS AN ANNUAL 10-MONTH PROFESSIONAL DEVELOPMENT AND COMMUNITY ENGAGEMENT PROGRAM OF THE LAKE CHAMPLAIN CHAMBER WITH A MISSION TO FOSTER GROWTH AND LEADERSHIP IN PROFESSIONALS WHO WILL SERVE OUR COMMUNITY NOW AND IN THE FUTURE.

Program 3

GOVERNMENT AFFAIRS - THE LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE ADVOCATES FOR A THRIVING PRIVATE SECTOR ECONOMY FOR THE BENEFIT OF OUR MEMBERS AND COMMUNITY THROUGH EDUCATION, ADVOCACY AND...

Read more

GOVERNMENT AFFAIRS - THE LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE ADVOCATES FOR A THRIVING PRIVATE SECTOR ECONOMY FOR THE BENEFIT OF OUR MEMBERS AND COMMUNITY THROUGH EDUCATION, ADVOCACY AND PROGRAMS. THE GOVERNMENT AFFAIRS DIVISION ADVOCATES FOR THE ORGANIZATION, REPRESENTING MEMBERS IN A NON-PARTISAN MANNER ON POLICY ISSUES AFFECTING BUSINESS AT THE LOCAL, REGIONAL, STATE AND FEDERAL LEVELS OF GOVERNMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $68,345
Program Service Revenue $2,299,680
Investment Income $329,942
Other Revenue $164,428
TOTAL REVENUE $2,862,395

Expense Breakdown

Grants Paid $0
Salaries & Benefits $366,733
Fundraising Expenses $0
Other Expenses $2,150,015
TOTAL EXPENSES $2,516,748

Year-over-Year Comparison

2023 2022 Change
Revenue $2,862,395 $2,271,489 +0.3%
Expenses $2,516,748 $2,378,774 +0.1%
Net Income $345,647 $-107,285 -4.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
20
Independent Members
20
Employees
29
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$262,978
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE LANE CHAIR 1.00
Officer Director
$0 $0 $0
HEATHER ROSS VICE CHAIR 1.00
Officer Director
$0 $0 $0
GREGORY MAGUIRE PAST CHAIR 1.00
Director
$0 $0 $0
ASHLEY WAINER PAST CHAIR 1.00
Director
$0 $0 $0
CHRIS LEFF DIRECTOR 1.00
Director
$0 $0 $0
JESSE BRIDGES DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE BUSWELL DIRECTOR 1.00
Director
$0 $0 $0
RYAN CHAFFIN DIRECTOR 1.00
Director
$0 $0 $0
PATRICK GALLIVAN DIRECTOR 1.00
Director
$0 $0 $0
ALEX HALPERN DIRECTOR 1.00
Director
$0 $0 $0
SUSAN LEONARD DIRECTOR 1.00
Director
$0 $0 $0
SARAH RICHARDS DIRECTOR 1.00
Director
$0 $0 $0
TINOTENDA TINO CHARLES RUTANHIRA DIRECTOR 1.00
Director
$0 $0 $0
RICK VINCENT DIRECTOR 1.00
Director
$0 $0 $0
BRAD WORTHEN DIRECTOR 1.00
Director
$0 $0 $0
BEN TRAVERSE DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA SHIRK DIRECTOR 1.00
Director
$0 $0 $0
KAREN WISEHART DIRECTOR 1.00
Director
$0 $0 $0
KURT GRUENDLING DIRECTOR 1.00
Director
$0 $0 $0
LIZ HUNT DIRECTOR 1.00
Director
$0 $0 $0
CATHY DAVIS PRESIDENT 40.00
Officer
$118,923 $26,127 $145,050
PATRICK O'NEIL VP OF FINANCE & OPS 40.00
Officer
$111,234 $6,694 $117,928
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,862,395 $2,516,748 $4,476,205 $345,647
2023 $2,271,489 $2,378,774 $4,085,756 $-107,285
2022 $2,593,316 $2,211,091 $3,496,080 $382,225
2021 $2,090,973 $1,804,445 $3,918,208 $286,528
2020 $1,933,886 $2,213,711 $3,429,202 $-279,825
2019 $2,452,835 $2,407,007 $4,043,493 $45,828
2018 $2,365,940 $2,347,244 $4,033,359 $18,696
Explore More Nonprofits
Top 100 Nonprofits in Vermont Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare LAKE CHAMPLAIN REGIONAL CHAMBER OF COMMERCE INC with other nonprofits in Vermont and across the country.