HOWARD COUNTY CHAMBER OF COMMERCE

EIN: 237046430

COLUMBIA, MD

Total Revenue
$950,605
Total Expenses
$975,707
Total Assets
$577,881
Net Assets
$313,750
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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
1969
Legal Domicile
MD
Principal Officer
KRISTI SIMON
Phone
4107304111
Tax Period
2024-01-01 to 2024-12-31

HOWARD COUNTY CHAMBER OF COMMERCE, founded in 1969, is a small nonprofit that reported $951K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO REPRESENT THE BUSINESS COMMUNITY OF HOWARD COUNTY, MARYLAND

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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 $263,125
Program Service Revenue $657,496
Investment Income $21,641
Other Revenue $8,343
TOTAL REVENUE $950,605

Expense Breakdown

Grants Paid $0
Salaries & Benefits $494,913
Fundraising Expenses $0
Program Expenses $729,372
Other Expenses $480,794
TOTAL EXPENSES $975,707

Year-over-Year Comparison

2024 2023 Change
Revenue $950,605 $1,020,924 -0.1%
Expenses $975,707 $1,008,411 0.0%
Net Income $-25,102 $12,513 -3.0%
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
28
Independent Members
28
Employees
6
Volunteers
100

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
5
$121,544
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL BROWN CHAIR 4.50
Officer Director
$0 $0 $0
MATT ANDERSON CHAIR-ELECT 1.50
Officer Director
$0 $0 $0
LINDA OSTOVITZ IMMEDIATE PAST CHAIR 1.50
Officer Director
$0 $0 $0
KATIE FORTWENGLER TREASURER 1.50
Officer Director
$0 $0 $0
REGINA CLAY AT LARGE MEMBER 1.50
Director
$0 $0 $0
GINA ABATE AT LARGE MEMBER 1.50
Director
$0 $0 $0
CLARO PIO RODA DR PH MHS AT LARGE MEMBER 1.50
Director
$0 $0 $0
JULIA LEDERER MCCARTHY DIRECTOR-YPN 1.50
Director
$0 $0 $0
KATHRYN HICKEY DIRECTOR 1.50
Director
$0 $0 $0
KELLI HALL DIRECTOR 1.50
Director
$0 $0 $0
DINA BELL NANCE DIRECTOR 1.50
Director
$0 $0 $0
FLORA BETRO DIRECTOR 1.50
Director
$0 $0 $0
JAHANTAB SIDDIQUI DIRECTOR 1.50
Director
$0 $0 $0
TRICIA HUDSON DIRECTOR 1.50
Director
$0 $0 $0
MONTY LEONARD DIRECTOR 1.50
Director
$0 $0 $0
SHERRI COLLINS-WITZKE DIRECTOR 1.50
Director
$0 $0 $0
ADAM JOSS DIRECTOR 1.50
Director
$0 $0 $0
GUDELL WARD DIRECTOR 1.50
Director
$0 $0 $0
MINAH WOO DIRECTOR 1.50
Director
$0 $0 $0
NICHOLAS BARRICK DIRECTOR 1.50
Director
$0 $0 $0
ANNMARIE BILGER DIRECTOR 1.50
Director
$0 $0 $0
LYNDA ELLIS DIRECTOR 1.50
Director
$0 $0 $0
JAMES GORMAN DIRECTOR 1.50
Director
$0 $0 $0
MARCHE' TAYLOR DIRECTOR 1.50
Director
$0 $0 $0
JENNIFER JONES DIRECTOR 1.50
Director
$0 $0 $0
SHAUN EDDY DIRECTOR 1.50
Director
$0 $0 $0
CHRIS HAINES DIRECTOR 1.50
Director
$0 $0 $0
KRISTY MUMMA DIRECTOR 1.50
Director
$0 $0 $0
KRISTI SIMON PRESIDENT/CEO 40.00
Officer
$114,000 $7,544 $121,544
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 $950,605 $975,707 $577,881 $-25,102
2023 $1,020,924 $1,008,411 $764,425 $12,513
2022 $933,850 $946,262 $832,315 $-12,412
2021 $1,010,289 $806,587 $652,694 $203,702
2020 $788,816 $701,952 $432,477 $86,864
2019 $913,029 $899,893 $354,915 $13,136
2018 $866,314 $866,816 $343,860 $-502
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