Okemo Valley Regional Chamber of C… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Phone

8022285830

Tax Period

2023-01-01 to 2023-12-31

Okemo Valley Regional Chamber of Commerce, founded in 1956, is a small nonprofit that reported $493K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum.

Mission

This organization is a Chamber of Commerce. Its main purpose is to help promote the area and surrounding towns to tourists.

Program Service Accomplishments

Program 1

Expenses: $467,337

Program Service expenses incurred to promote local businesses and events for the purpose of improving the local economy and community.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $272,654

Program Service Revenue $212,040

Investment Income $0

Other Revenue $8,240

TOTAL REVENUE $492,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,579

Fundraising Expenses $0

Program Expenses $467,337

Other Expenses $387,485

TOTAL EXPENSES $504,064

Year-over-Year Comparison

	2023	2022	Change
Revenue	$492,934	$333,271	+0.5%
Expenses	$504,064	$345,383	+0.5%
Net Income	$-11,130	$-12,112	-0.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gail Beardmore	President	2.00	Officer	$0	$0	$0
Tom Gianola	Vice President	2.00	Officer	$0	$0	$0
Scott Duffy	Treasurer	2.00	Officer	$0	$0	$0
Art Randolph	Secretary	2.00	Officer	$0	$0	$0
Carol Lighthall	Executive Director	30.00	Officer	$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	No data	No data	No data	No data
2023	$492,934	$504,064	$49,500	$-11,130
2022	$333,271	$345,383	$44,281	$-12,112
2021	$294,380	$291,792	$47,477	$2,588
2020	$286,426	$287,840	$48,171	$-1,414
2019	$227,626	$227,868	$11,548	$-242

Okemo Valley Regional Chamber of Commerce