MOUNT HOREB CHAMBER OF COMMERCE

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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

1929

Legal Domicile

Principal Officer

RACHEL LACASSE-FORD

Phone

6084375914

Tax Period

2023-01-01 to 2023-12-31

MOUNT HOREB CHAMBER OF COMMERCE, founded in 1929, is a small nonprofit that reported $322K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $295K left a modest 8% surplus.

Mission

PROMOTE THE ECONOMIC WELL BEING OF ALL MEMBER BUSINESSES AS WELL AS TO ENHANCE THE IMAGE OF MOUNT HOREB AND SURROUNDING AREAS AS A GREAT PLACE TO LIVE, WORK AND VISIT.

Program Service Accomplishments

Program 1

PROMOTE THE ECONOMIC WELL BEING OF ALL THE MEMBER BUSINESSES AS WELL AS TO ENHANCE THE IMAGE OF MOUNT HOREB AND SURROUNDING AREAS AS A GREAT PLACE TO LIVE, WORK, AND VISIT

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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 $152,921

Program Service Revenue $79,979

Investment Income $2,570

Other Revenue $86,774

TOTAL REVENUE $322,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,203

Fundraising Expenses $0

Other Expenses $148,823

TOTAL EXPENSES $295,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,244	$261,833	+0.2%
Expenses	$295,026	$291,647	+0.0%
Net Income	$27,218	$-29,814	-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

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

$74,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL LACASSE-FORD	Executive Dir.	40.00	Officer	$74,650	$0	$74,650
Justin Goninen	President	2.00	Officer Director	$0	$0	$0
JAY GONINEN	Director	2.00	Director	$0	$0	$0
Robert Schuettpelz	Treasurer	4.00	Officer Director	$0	$0	$0
JONATHAN BAUER	Director	1.00	Director	$0	$0	$0
HEIDI KOPRAS	Director	1.00	Director	$0	$0	$0
KATIE OLDAY	Secretary	2.00	Officer Director	$0	$0	$0
DREW FREDRICKSON	Director	1.00	Director	$0	$0	$0
JENNY MINTER	Director	1.00	Director	$0	$0	$0
SEAN JOHNSON	Director	1.00	Director	$0	$0	$0
KARA BRANDEMUEHL	Vice President	2.00	Officer Director	$0	$0	$0
JOEL GEISSBUHLER	Director	1.00	Director	$0	$0	$0
Eric DeVos	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	No data	No data	No data	No data
2023	$322,244	$295,026	$192,348	$27,218
2022	$261,833	$291,647	$179,941	$-29,814
2021	$244,315	$213,059	$164,280	$31,256
2020	$222,587	$223,873	$127,662	$-1,286
2019	$278,131	$260,944	$122,875	$17,187
2018	$196,649	$344,188	$118,687	$-147,539