BERKS COUNTY CHAMBER FOUNDATION

EIN: 222661138 501(c)(3)

READING, PA

Total Revenue
$10,000
Total Expenses
$10,108
Total Assets
$2,196
Net Assets
$2,196
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
PA
Principal Officer
LUCINE SIHELNIK
Phone
6103766766
Tax Period
2024-01-01 to 2024-12-31

BERKS COUNTY CHAMBER FOUNDATION, founded in 1985, is a micro nonprofit that reported $10K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring.

Mission

TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE BERKS COUNTY AREA SO THAT ITS CITIZENS AND ALL AREAS OF THE BUSINESS COMMUNITY SHALL PROSPER. ALL NECESSARY ATTENTION SHALL BE PROVIDED AND PARTICULAR ATTENTION AND EMPHASIS SHALL BE GIVEN TO THE ECONOMIC, CIVIC, COMMERCIAL, CULTURAL, INDUSTRIAL AND EDUCATIONAL INTERESTS OF THE AREA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,000

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,000
Other Expenses $108
TOTAL EXPENSES $10,108

Year-over-Year Comparison

2024 2023 Change
Revenue $10,000 $21,500 -0.5%
Expenses $10,108 $21,602 -0.5%
Net Income $-108 $-102 +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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARA KUZMA-STUMP CHAIR 1.00
Officer Director
$0 $0 $0
LAURA HAFFNER VICE CHAIR 1.00
Officer Director
$0 $0 $0
JACK GOMBACH TREASURER 1.00
Officer Director
$0 $0 $0
ALAN SHUMAN SECRETARY 1.00
Officer Director
$0 $0 $0
MICHELE RICHARDS IMMEDIATE PAST CHAIR 1.00
Director
$0 $0 $0
JOHN WEIDENHAMMER DIRECTOR 1.00
Director
$0 $0 $0
JOHN PERATE DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN ENCARNACION DIRECTOR 1.00
Director
$0 $0 $0
DAVID W STONESIFER DIRECTOR 1.00
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 $10,000 $10,108 $2,196 $-108
2023 $21,500 $21,602 $2,304 $-102
2022 $40,706 $60,822 $2,406 $-20,116
2021 $51,624 $115,800 $25,228 $-64,176
2020 $159,937 $308,457 $116,738 $-148,520
2019 $359,562 $282,517 $237,378 $77,045
2018 $323,255 $224,241 $199,009 $99,014
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