CENTRAL CHAMBER OF COMMERCE (EIN 030561033) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

MIRANDA DENICOLA

Phone

2252615818

Tax Period

2023-01-01 to 2023-12-31

CENTRAL CHAMBER OF COMMERCE, founded in 2005, is a small nonprofit that reported $242K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $211K left a modest 13% surplus.

Mission

THE MISSION OF THE CENTRAL CHAMBER OF COMMERCE SHALL BE TO SERVE OUR MEMBERS AND COMMUNITY BY PROMOTING AND PROTECTING A PRO-BUSINESS ENVIRONMENT.

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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 $229,224

Program Service Revenue $0

Investment Income $1,480

Other Revenue $11,000

TOTAL REVENUE $241,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,618

Fundraising Expenses $0

Program Expenses $5,798

Other Expenses $104,781

TOTAL EXPENSES $211,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,704	$221,790	+0.1%
Expenses	$211,399	$166,697	+0.3%
Net Income	$30,305	$55,093	-0.4%

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

$54,207

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD ERICKSON	PRESIDENT & CEO	40.00	Director	$46,315	$0	$46,315
DARCI PERKINS	CHAIRMAN	4.00	Officer	$0	$0	$0
SHAUNA ALLISON	1ST VICE CHAIR	4.00	Officer	$0	$0	$0
HEATHER PREJEAN	2ND VICE CHAIR	4.00	Officer	$0	$0	$0
MARTIN HOLIFIELD	TREASURER	5.00	Officer	$0	$0	$0
WALTON BARNES	BOARD MEMBER	3.00	Director	$0	$0	$0
KYLEE ARNOLD	BOARD MEMBER	3.00	Director	$0	$0	$0
HEIDI WENDT	BOARD MEMBER	3.00	Director	$0	$0	$0
MICHAEL LOOLARA	BOARD MEMBER	3.00	Director	$0	$0	$0
KRISTIN PERRIN	BOARD MEMBER/DIRECTOR	3.00	Director	$7,892	$0	$7,892
KEVIN ROGERS	BOARD MEMBER	3.00	Director	$0	$0	$0
DAMON BUTLER	BOARD MEMBER	3.00	Director	$0	$0	$0
RYAN MCNABB	BOARD MEMBER	3.00	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	No data	No data	No data	No data
2023	$241,704	$211,399	$245,562	$30,305
2022	$221,790	$166,697	$202,385	$55,093
2021	$201,041	$136,648	$192,856	$64,393

CENTRAL CHAMBER OF COMMERCE