VERMONT CHAMBER OF COMMERCE

EIN: 030184299

MONTPELIER, VT

Total Revenue
$1,773,837
Total Expenses
$1,797,581
Total Assets
$2,070,370
Net Assets
$1,645,436
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
VT
Principal Officer
AMY SPEAR
Phone
8022233443
Tax Period
2023-10-01 to 2024-09-30

VERMONT CHAMBER OF COMMERCE, founded in 1950, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO ADVANCE THE VERMONT ECONOMY BY WORKING AND SUPPORTING A VIBRANT BUSINESS CLIMATE WITH A LENS OF DIVERSITY, EQUITY, AND INCLUSION. WE ADVOCATE, BUILD COMMUNITY, AND PROVIDE RESOURCES FOR BUSINESSES STATEWIDE.

Program Service Accomplishments

Program 1

TRAVEL AND TOURISM: THE CHAMBER PUBLISHES AND DISTRIBUTES ONE TOURISM GUIDEBOOK ANNUALLY, THE VERMONT ANNUAL INSPIRATION GUIDE, AND MANAGES A STATEWIDE TOURISM BUSINESS DIRECTORY. MEMBERS AND...

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TRAVEL AND TOURISM: THE CHAMBER PUBLISHES AND DISTRIBUTES ONE TOURISM GUIDEBOOK ANNUALLY, THE VERMONT ANNUAL INSPIRATION GUIDE, AND MANAGES A STATEWIDE TOURISM BUSINESS DIRECTORY. MEMBERS AND NON-MEMBERS CAN PURCHASE ADVERTISEMENTS AND LISTINGS IN THE MAGAZINE AND DIRECTORY, WHICH ARE BOTH PRINT AND WEB-BASED. MEMBERS ARE PROVIDED A DISCOUNT AS A BENEFIT OF MEMBERSHIP, WHICH FURTHERS THE CHAMBER'S MISSION TO CREATE AN ECONOMIC CLIMATE CONDUCIVE TO BUSINESS GROWTH. EXPENSES RELATED TO TRAVEL AND TOURISM CONSIST PRIMARILY OF PRINTING AND DISTRIBUTION COSTS, AS WELL AS THE SALARIES AND BENEFITS FOR ADVERTISING SALES AND SUPPORT STAFF.

Program 2

EVENTS: THE CHAMBER HOSTS SEVERAL EVENTS THROUGHOUT THE YEAR, GENERATING REVENUE FROM SPONSORSHIPS, EXHIBITION BOOTH SALES AND GENERAL ADMISSION. THE LARGEST EVENTS INCLUDE THE VERMONT ECONOMIC...

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EVENTS: THE CHAMBER HOSTS SEVERAL EVENTS THROUGHOUT THE YEAR, GENERATING REVENUE FROM SPONSORSHIPS, EXHIBITION BOOTH SALES AND GENERAL ADMISSION. THE LARGEST EVENTS INCLUDE THE VERMONT ECONOMIC CONFERENCE, THE MANUFACTURING SUMMIT AND THE CITIZEN OF THE YEAR AWARDS. EXPENSES RELATED TO EVENTS ARE RELATED TO EVENT MANAGEMENT AND SUPPORT PERSONNEL, AS WELL AS FACILITY RENTAL, CATERING AND PROMOTIONAL COSTS.

Program 3

MEMBERSHIP: THE CHAMBER'S MEMBERSHIP BASE IS COMPRISED OF ROUGHLY 1,000 VERMONT BUSINESSES THAT PAY DUES ANNUALLY IN AN AMOUNT BASED ON THE SIZE OF THE BUSINESS. MEMBERSHIP PROGRAM EXPENSES CONSIST...

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MEMBERSHIP: THE CHAMBER'S MEMBERSHIP BASE IS COMPRISED OF ROUGHLY 1,000 VERMONT BUSINESSES THAT PAY DUES ANNUALLY IN AN AMOUNT BASED ON THE SIZE OF THE BUSINESS. MEMBERSHIP PROGRAM EXPENSES CONSIST PRIMARILY OF THOSE RELATING TO SALES PERSONNEL AND MEMBER RECRUITMENT AND RETENTION.

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,721,212
Investment Income $35,098
Other Revenue $17,527
TOTAL REVENUE $1,773,837

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,256,733
Fundraising Expenses $0
Other Expenses $540,848
TOTAL EXPENSES $1,797,581

Year-over-Year Comparison

2023 2022 Change
Revenue $1,773,837 $1,571,837 +0.1%
Expenses $1,797,581 $1,779,351 +0.0%
Net Income $-23,744 $-207,514 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
18
Employees
17
Volunteers
19

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
8
$217,512
Total Directors
20
$217,512
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETHANY BISHOP PRESIDENT/SE 40.00
Officer Director
$197,163 $20,349 $217,512
TOM DUNN CHAIR 1.00
Officer Director
$0 $0 $0
SHARON ROSSI VICE CHAIR 1.00
Officer Director
$0 $0 $0
KATHY AUSTIN TREASURER 1.00
Officer Director
$0 $0 $0
BETSY BISHOP SECRETARY 1.00
Officer Director
$0 $0 $0
PETER MCDOUGALL EXECUTIVE CO 1.00
Officer Director
$0 $0 $0
WILL DOCTO EXECUTIVE CO 1.00
Officer Director
$0 $0 $0
KIM DONAHUE EXECUTIVE CO 1.00
Officer Director
$0 $0 $0
ALBERTO AGUILAR DIRECTOR 1.00
Director
$0 $0 $0
BRENDON BLOOD DIRECTOR 1.00
Director
$0 $0 $0
WALTER FRAME DIRECTOR 1.00
Director
$0 $0 $0
SHIREEN HART DIRECTOR 1.00
Director
$0 $0 $0
KELLY KRAYEWSKY DIRECTOR 1.00
Director
$0 $0 $0
LESLEE MACKENZIE DIRECTOR 1.00
Director
$0 $0 $0
STEVE GAGNER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS KARR DIRECTOR 1.00
Director
$0 $0 $0
SUE BETTE DIRECTOR 1.00
Director
$0 $0 $0
MANE ALVES DIRECTOR 1.00
Director
$0 $0 $0
TERESA KAJENSKI DIRECTOR 1.00
Director
$0 $0 $0
ROGER NISHI DIRECTOR 1.00
Director
$0 $0 $0
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 $1,773,837 $1,797,581 $2,070,370 $-23,744
2023 $1,571,837 $1,779,351 $1,985,133 $-207,514
2022 $1,449,444 $1,625,246 $2,151,234 $-175,802
2021 $2,137,410 $1,902,492 $2,391,737 $234,918
2020 $1,508,345 $1,558,346 $2,120,312 $-50,001
2019 $1,884,270 $1,856,994 $2,405,755 $27,276
2018 $1,953,940 $1,924,623 $2,270,818 $29,317
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