SOUTH LAKE UNION CHAMBER OF COMMERC

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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

2006

Legal Domicile

Principal Officer

ALLISON LEEP

Phone

2065472577

Tax Period

2023-01-01 to 2023-12-31

SOUTH LAKE UNION CHAMBER OF COMMERC, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $333K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $57K, a strong 17% operating margin.

Mission

THE SLU CHAMBER WAS FORMED TO DRIVE, EXPAND, AND PRESERVE THE ECONOMIC, CIVIC, AND CULTURAL DEVELOPMENT OF THE SOUTH LAKE UNION AREA FOR THE PROSPERITY OF ITS PEOPLE.

Program Service Accomplishments

Program 1

MEMBERSHIP OF OVER 250 ORGANIZATIONS IN SOUTH LAKE UNION OFFERING BUSINESS RESOURCES, DIRECT MARKETING, BUSINESS TO BUSINESS CONNECTIONS OPPORTUNITIES AND COMMUNITY/POLICY ADVOCACY.

Program 2

MONTHLY NETWORKING AND COMMUNITY EVENTS OFFERED TO MEMBER AND THE PUBLIC.

Program 3

COMMUNITY SPONSORSHIPS.

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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 $113,914

Program Service Revenue $189,103

Investment Income $1,800

Other Revenue $27,857

TOTAL REVENUE $332,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,462

Fundraising Expenses $0

Other Expenses $176,067

TOTAL EXPENSES $275,529

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,674	$656,855	-0.5%
Expenses	$275,529	$694,227	-0.6%
Net Income	$57,145	$-37,372	-2.5%

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
ERIC BERLINBERG	TREASURER	N/A	Officer Director	$0	$0	$0
MELODY BIRINGER	DIRECTOR	N/A	Director	$0	$0	$0
CHAD COTTER	VP/SECRETARY	N/A	Officer Director	$0	$0	$0
LORI MASON CURRAN	DIRECTOR	N/A	Director	$0	$0	$0
MARK EVANS	DIRECTOR	N/A	Director	$0	$0	$0
DEEPALI JAMWAL	DIRECTOR	N/A	Director	$0	$0	$0
JASON JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
KELLY KEITH	PAST PRESIDE	N/A	Director	$0	$0	$0
JON KIEHNAU	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
ALLISON LEEP	PRESIDENT	N/A	Officer Director	$0	$0	$0
MICHELE SALAS	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	$332,674	$275,529	$233,419	$57,145
2022	$656,855	$694,227	$172,291	$-37,372
2021	$252,133	$159,743	$209,851	$92,390
2020	$221,445	$249,335	$140,070	$-27,890
2019	$283,176	$209,934	$143,856	$73,242