TWINSBURG 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

1921

Legal Domicile

Principal Officer

DR PATRICIA STOFIEL

Phone

3309636249

Tax Period

2023-01-01 to 2023-12-31

TWINSBURG CHAMBER OF COMMERCE, founded in 1921, is a small nonprofit that reported $122K in total revenue in fiscal year 2023. Expenses of $110K left a modest 10% surplus.

Mission

TO PROMOTE BUSINESS IN TWINSBURG

Program Service Accomplishments

Program 1

Expenses: $17,513 Revenue: $36,432

GOLF OUTING TO PROMOTE BUSINESS RELATIONSHIPS WITH EXISTING AND NEW MEMBERS

Program 2

Revenue: $2,000

LUNCHEON EVENTS TO PROMOTE BUSINESS RELATIONSHIPS AND TO KEEP THE MEMBERS INFORMED OF UPCOMING EVENTS

Program 3

Expenses: $2,147 Revenue: $4,550

ENTREPRENEURIAL EXPOS TO PROMOTE BUSINESS RELATIONSHIPS AND TO SUPPORT LOCAL BUSINESSES AND NON-PROFIT ORGANIZATIONS

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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 $64,574

Program Service Revenue $57,054

Investment Income $0

Other Revenue $726

TOTAL REVENUE $122,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,932

Fundraising Expenses $0

Program Expenses $35,450

Other Expenses $54,285

TOTAL EXPENSES $110,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$122,354	$123,568	0.0%
Expenses	$110,217	$100,657	+0.1%
Net Income	$12,137	$22,911	-0.5%

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

3540

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON BAKER	BOARD OF DIR	N/A	Director	$0	$0	$0
MATT CELLURA	VP	N/A	Director	$0	$0	$0
DR ASHLEY COOPER	BOARD OF DIR	N/A	Director	$0	$0	$0
TODD COURTNEY	BOARD OF DIR	N/A	Director	$0	$0	$0
LINDA GRIFFITH	TREASURER	N/A	Director	$0	$0	$0
ED HOEGLER	BOARD OF DIR	N/A	Director	$0	$0	$0
SHANNON JONES	BOARD OF DIR	N/A	Director	$0	$0	$0
JAY MAGNES	BOARD OF DIR	N/A	Director	$0	$0	$0
ANTHONY MILIA	BOARD OF DIR	N/A	Director	$0	$0	$0
ANGELA SPALSBURY PHD	BOARD OF DIR	N/A	Director	$0	$0	$0
GREGG RALL	BOARD OF DIR	N/A	Director	$0	$0	$0
DR PATRICIA STOFIEL	PRESIDENT	N/A	Director	$0	$0	$0
RALPH WARE	BOARD OF DIR	N/A	Director	$0	$0	$0
AL WILSON	BOARD OF DIR	N/A	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	$122,354	$110,217	$89,906	$12,137
2022	$123,568	$100,657	$75,291	$22,911
2021	$111,804	$89,182	$53,002	$22,622
2020	$95,878	$84,094	$36,335	$11,784
2019	$93,776	$88,898	$19,593	$4,878
2018	$88,250	$117,235	$14,831	$-28,985