LANCASTER CHAMBER OF COMMERCE & INDUSTRY

EIN: 232095463

LANCASTER, PA

Total Revenue
$2,255,001
Total Expenses
$2,232,760
Total Assets
$3,831,349
Net Assets
$1,498,447
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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
1979
Legal Domicile
PA
Principal Officer
HEATHER VALUDES
Phone
7173973531
Tax Period
2023-01-01 to 2023-12-31

LANCASTER CHAMBER OF COMMERCE & INDUSTRY, founded in 1979, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

CREATE THE ENVIRONMENT, FACILITATE PARTNERSHIPS, AND LEAD ON ISSUES THAT ELEVATE BUSINESS SUCCESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $403,156
Program Service Revenue $1,674,390
Investment Income $39,789
Other Revenue $137,666
TOTAL REVENUE $2,255,001

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,198,607
Fundraising Expenses $0
Other Expenses $1,034,153
TOTAL EXPENSES $2,232,760

Year-over-Year Comparison

2023 2022 Change
Revenue $2,255,001 $2,471,476 -0.1%
Expenses $2,232,760 $2,379,896 -0.1%
Net Income $22,241 $91,580 -0.8%
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

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Governance

Voting Members
15
Independent Members
14
Employees
31
Volunteers
250

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
6
$300,768
Total Directors
16
$207,612
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA KREISER CHAIR 6.00
Officer Director
$0 $0 $0
JOHN SEROKY PAST CHAIR 6.00
Director
$0 $0 $0
ALEX BRAME TREASURER, CHAIR ELECT 6.00
Officer Director
$0 $0 $0
ERIC WENGER TREASURER 6.00
Officer Director
$0 $0 $0
MIGUEL NISTAL EXECUTIVE BOARD AT LARGE 6.00
Officer Director
$0 $0 $0
TIMBREL CHYATEE BOARD MEMBER 3.00
Director
$0 $0 $0
JOCELYN ENGLE BOARD MEMBER 3.00
Director
$0 $0 $0
RACHEL GALLAGHER BOARD MEMBER 3.00
Director
$0 $0 $0
ERIC ORNDORFF BOARD MEMBER 3.00
Director
$0 $0 $0
VANESSA PHILBERT BOARD MEMBER 3.00
Director
$0 $0 $0
DR KATHRYN SANDOE BOARD MEMBER 3.00
Director
$0 $0 $0
GENISE WADE BOARD MEMBER 3.00
Director
$0 $0 $0
STACY WHISEL BOARD MEMBER 3.00
Director
$0 $0 $0
DR DANIEL A WUBAH BOARD MEMBER 3.00
Director
$0 $0 $0
MICHEL VERMETTE BOARD MEMBER 3.00
Director
$0 $0 $0
HEATHER VALUDES PRESIDENT & CEO 36.25
Officer Director
$172,256 $35,356 $207,612
JULIE HOUCK DIRECTOR OF FINANCE 36.25
Officer
$72,473 $20,683 $93,156
THOMAS WALLACE DIRECTOR OF BUSINESS DEVELOPMENT 36.25
Highest
$105,017 $12,178 $117,195
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 $2,255,001 $2,232,760 $3,831,349 $22,241
2022 $2,471,476 $2,379,896 $4,067,110 $91,580
2021 $2,692,826 $2,469,470 $2,782,986 $223,356
2020 $2,985,933 $2,141,183 $2,190,029 $844,750
2019 $3,028,665 $2,836,217 $1,297,501 $192,448
2018 $3,041,217 $3,051,836 $902,906 $-10,619
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