PRESCOTT CHAMBER OF COMMERCE FOUND… - 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

2005

Legal Domicile

Principal Officer

SHERI HEINEY

Phone

9284452000

Tax Period

2024-01-01 to 2024-12-31

PRESCOTT CHAMBER OF COMMERCE FOUNDATION, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $422K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $141K, a strong 33% operating margin.

Mission

THE MISSION OF THE PRESCOTT CHAMBER FOUNDATION IS TO COMPLEMENT AND ENHANCE THE PRESCOTT CHAMBER OF COMMERCE THROUGH FUNDRAISING, ENDOWMENT BUILDING, AND LEGACY DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $269,809

ENGAGED IN ACTIVITIES THAT POSITIVELY IMPACTED THE QUALITY OF LIFE IN PRESCOTT, ARIZONA. THE FOUNDATION SUPPORTS THE PROGRAMS FOR PRESCOTT AS THE CHRISTMAS CITY OF ARIZONA, WHICH INCLUDES THE...

ENGAGED IN ACTIVITIES THAT POSITIVELY IMPACTED THE QUALITY OF LIFE IN PRESCOTT, ARIZONA. THE FOUNDATION SUPPORTS THE PROGRAMS FOR PRESCOTT AS THE CHRISTMAS CITY OF ARIZONA, WHICH INCLUDES THE COURTHOUSE LIGHTING. THE "PRESCOTT CARES" PROGRAM HELPS QUALIFYING PRESCOTT BUSINESSES IMPACTED BY THE PANDEMIC WITH RENT, MORTGAGE, AND UTILITY PAYMENTS. THE "PRESCOTT MINOR REPAIR" PROGRAM FOSTERS AFFORDABLE, DECENT, AND SAFE HOUSING IN THE CITY THROUGH ELIGIBLE REPAIRS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $413,288

Program Service Revenue $387

Investment Income $2,678

Other Revenue $5,676

TOTAL REVENUE $422,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $269,809

Other Expenses $281,382

TOTAL EXPENSES $281,382

Year-over-Year Comparison

	2024	2023	Change
Revenue	$422,029	$305,521	+0.4%
Expenses	$281,382	$256,810	+0.1%
Net Income	$140,647	$48,711	+1.9%

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

Governance

Voting Members

Independent Members

Employees

N/A

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
SANFORD COHEN	CHAIR	N/A	Director	$0	$0	$0
DARLA DEVILLE	PAST CHAIR	N/A	Officer Director	$0	$0	$0
MIKE FANN	AT LARGE	N/A	Officer Director	$0	$0	$0
DAWN LUKES	AT LARGE	N/A	Officer Director	$0	$0	$0
GREG RASKIN	TREASURER	N/A	Director	$0	$0	$0
SUZANNE SPRINGER	VICE CHAIR	N/A	Officer Director	$0	$0	$0
SHERI HEINEY	PRESIDENT/CE	N/A	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	$422,029	$281,382	$693,644	$140,647
2023	$305,521	$256,810	$455,233	$48,711
2022	$320,835	$371,950	$424,327	$-51,115
2021	$557,333	$242,758	$519,427	$314,575

PRESCOTT CHAMBER OF COMMERCE FOUNDATION