GREATER READING CHAMBER OF COMMERCE & INDUSTRY (EIN 231003440) - 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

1913

Legal Domicile

Principal Officer

LUCINE SIHELNIK

Phone

6103766766

Tax Period

2024-01-01 to 2024-12-31

GREATER READING CHAMBER OF COMMERCE & INDUSTRY, founded in 1913, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 6% surplus.

Mission

TO PROVIDE RESOURCES AND ADVOCATE FOR BUSINESS, PROVIDE NETWORK OPPORTUNITIES, PROVIDE BUSINESS AND TECHNICAL ASSISTANCE TO NEW AND EXPANDING BUSINESSES, TO PROVIDE EDUCATION AND TRAINING, AND ADVOCATE FOR AN ENVIRONMENT OF ECONOMIC GROWTH.

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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 $22,765

Program Service Revenue $1,550,709

Investment Income $150,163

Other Revenue $138,134

TOTAL REVENUE $1,861,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $748,641

Fundraising Expenses $0

Other Expenses $1,010,126

TOTAL EXPENSES $1,758,767

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,861,771	$1,924,013	0.0%
Expenses	$1,758,767	$1,911,610	-0.1%
Net Income	$103,004	$12,403	+7.3%

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

350

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

$211,143

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE RICHARDS	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
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
BRIAN DIETRICH	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN ENCARNACION	DIRECTOR	1.00	Director	$0	$0	$0
ALBA FERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
JENN FREES	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA FUNK	DIRECTOR	1.00	Director	$0	$0	$0
JOEY JURGIELEWICZ	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN KOHLER	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL B LAWS JR	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI GAGE-LINDERMAN	DIRECTOR	1.00	Director	$0	$0	$0
BEN LEISAWITZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PERATE	DIRECTOR	1.00	Director	$0	$0	$0
JAIME PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
RADHA PYATI	DIRECTOR	1.00	Director	$0	$0	$0
RYAN REDNER	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY RIDLEY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RILEY	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN ROSS	DIRECTOR	1.00	Director	$0	$0	$0
JIM SARRO	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SHELHAMMER	DIRECTOR	1.00	Director	$0	$0	$0
BRAD STEPHENSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID W STONESIFER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WEIDENHAMMER	DIRECTOR	1.00	Director	$0	$0	$0
LUCINE SIHELNIK - CEO	CEO/PRESIDENT	15.00	Officer	$0	$26,454	$211,143

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	$1,861,771	$1,758,767	$4,369,113	$103,004
2023	$1,924,013	$1,911,610	$4,137,729	$12,403
2022	$1,737,015	$1,678,066	$3,940,912	$58,949
2021	$1,773,299	$1,565,271	$4,251,631	$208,028
2020	$1,801,808	$1,515,053	$3,824,643	$286,755
2019	$2,082,122	$2,192,310	$3,289,830	$-110,188
2018	$2,111,781	$2,192,063	$2,465,369	$-80,282

GREATER READING CHAMBER OF COMMERCE & INDUSTRY