VENANGO AREA CHAMBER OF COMMERCE

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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

Principal Officer

SUSAN WILLIAMS

Phone

8146768521

Tax Period

2023-01-01 to 2023-12-31

VENANGO AREA CHAMBER OF COMMERCE, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $455K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $415K left a modest 9% surplus.

Mission

THE VENANGO AREA CHAMBER OF COMMERCE BUILDS, SERVES AND PROMOTES REGIONAL BUSINESS. THE CHAMBER STRIVES TO KEEP PROGRAMS CURRENT AND RESPONSIVE TO THE DEMANDS OF VENANGO'S CURRENT BUSINESS CLIMATE, ACTING AS A BRIDGE THAT LINKS BUSINESSES, ORGANIZATIONS AND RESIDENTS TOGETHER WITH INNOVATIVE PROGRAMS THAT STRENGTHEN VENANGO COUNTY'S LONG-TERM ECONOMIC VITALITY, BUSINESS SUCCESS, JOB CREATION AND QUALITY OF LIFE. WE PROVIDE SEVERAL WAYS FOR OUR MEMBERS TO ENHANCE THEIR CREDIBILITY, GAIN RECOGNITION, HAVE A VOICE IN ISSUES AFFECTING BUSINESS, IMPROVE THEIR BOTTOM LINES, GET INVOLVED THROUGH NETWORKING EVENTS AND VOLUNTEERING, AND SO MUCH MORE

Program Service Accomplishments

Program 1

THE MEMBERS OF THE VENANGO AREA CHAMBER OF COMMERCE ANNUALLY PRODUCE JOINTLY THROUGH VOLUNTEER EFFORTS AN "OIL HERITAGE FESTIVAL" IN AN EFFORT TO ADVANCE THE PUBLIC PERCEPTION OF THE CITY OF OIL...

THE MEMBERS OF THE VENANGO AREA CHAMBER OF COMMERCE ANNUALLY PRODUCE JOINTLY THROUGH VOLUNTEER EFFORTS AN "OIL HERITAGE FESTIVAL" IN AN EFFORT TO ADVANCE THE PUBLIC PERCEPTION OF THE CITY OF OIL CITY, AS WELL AS VENANGO COUNTY AND TO INVITE PEOPLE FROM OUTSTIDE THE COMMUNITY, AS WELL AS LOCAL RESIDENTS, TO COME TO THE CITY AND PARTICIPATE IN THE CITY'S PAST AND CURRENT HERITAGE. THE EVENT IS MEANT TO CREATE BUSINESS, INFORAMTION, AND LEADERSHIP CONNECTIONS.

Program 2

LEADERSHIP PROGRAMS: THE CHAMBER HOSTS SEVERAL PROGRAMS TO ADVANCE LEADERSHIP IN VENANGO COUNTY, WORKING WITH LOCAL SCHOOLS, YOUNG PROFESSIONALS AND CIVIC LEADERSHIP. - VENANGOREADY - K-12 WORK...

LEADERSHIP PROGRAMS: THE CHAMBER HOSTS SEVERAL PROGRAMS TO ADVANCE LEADERSHIP IN VENANGO COUNTY, WORKING WITH LOCAL SCHOOLS, YOUNG PROFESSIONALS AND CIVIC LEADERSHIP. - VENANGOREADY - K-12 WORK READINESS PROGRAM - FLEX - FUTURE LEADERS ENTREPRENEURS EXCHANGE (YOUNG PROFESSIONALS) - LEADERSHIP VENANGO - 9 MONTH LEADERSHIP PROGRAM

Program 3

THE CHAMBER ADVOCATES FOR A HEALTHY BUSINESS CLIMATE, THROUGH THE BE HERE VENANGO QUALITY OF LIFE INITIATIVE, LEGISLATIVE ADVOCACY AND CONVENING BUSINESS FORUMS AND EDUCATIONAL OPPORTUNITIES FOR...

THE CHAMBER ADVOCATES FOR A HEALTHY BUSINESS CLIMATE, THROUGH THE BE HERE VENANGO QUALITY OF LIFE INITIATIVE, LEGISLATIVE ADVOCACY AND CONVENING BUSINESS FORUMS AND EDUCATIONAL OPPORTUNITIES FOR MEMBER BUSINESSES AND ORGANIZATIONS.

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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 $224,788

Program Service Revenue $229,142

Investment Income $682

Other Revenue $0

TOTAL REVENUE $454,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $202,178

Fundraising Expenses $0

Other Expenses $212,549

TOTAL EXPENSES $414,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$454,612	$333,390	+0.4%
Expenses	$414,727	$381,739	+0.1%
Net Income	$39,885	$-48,349	-1.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN BELL	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW DEAL	DIRECTOR	N/A	Director	$0	$0	$0
PETE CALENDA	DIRECTOR	N/A	Director	$0	$0	$0
GREG PLOWMAN	DIRECTOR	N/A	Director	$0	$0	$0
DAVID SNEDDEN	DIRECTOR	N/A	Director	$0	$0	$0
FRED TERWILLIGER	DIRECTOR	N/A	Director	$0	$0	$0
JACOB DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
LISA WINGER	DIRECTOR	N/A	Director	$0	$0	$0
DAN FLAHERTY	DIRECTOR	N/A	Director	$0	$0	$0
CINDY GRANT	DIRECTOR	N/A	Director	$0	$0	$0
PAMELA WATKINS	DIRECTOR	N/A	Director	$0	$0	$0
ANN RICHAR	DIRECTOR	N/A	Director	$0	$0	$0
JIM GEIGER	DIRECTOR	N/A	Director	$0	$0	$0
KYLA PARKINSON	DIRECTOR	N/A	Director	$0	$0	$0
MEGAN STERNAGEL	DIRECTOR	N/A	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	$454,612	$414,727	$323,277	$39,885
2022	$333,390	$381,739	$283,736	$-48,349
2021	$393,509	$281,561	$332,880	$111,948
2020	$226,636	$216,139	$218,960	$10,497
2019	$311,983	$282,512	$211,700	$29,471