Association of Chamber of Commerce… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

Sheree Anne Kelly

Phone

7039980072

Tax Period

2024-04-01 to 2025-03-31

Association of Chamber of Commerce Executives Foundation, founded in 1971, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring.

Mission

To establish committees or associations to develop and promote educational activities in connection with community growth and its associated problems.

Program Service Accomplishments

Program 1

Expenses: $1,243,259 Revenue: $74,081

Lumina - the purpose of this project is to bring together chambers of Commerce, community colleges and community-based organizations that directly represent communities of color to develop and drive the growth of credentialing and degree programs in their regions with the ultimate goal of placing low-income workers, particularly bipoc workers, in well-paid jobs with opportunities for career advancement. This grant will support up to eight partnerships between local or regional Chambers of Commerce and community colleges to expand employment-aligned credential attainment for adults of color. Kresge - the purpose of this project is to mobilize collective action to connect urban higher education ecosystem community stakeholders to Improve postsecondary success and talent development aligned to regional business needs and to implement professional development throughout the network to elevate the value and potential for urban higher education ecosystems as an economic recovery tool in the wake of Covid-19. Ascendium - support ACCEF in working with up to 12 rural chambers of Commerce to learn how to bring local community partners together to provide rural learners and workers from low-income backgrounds with the training needed to access well-paying high-demand job.

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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 $1,301,445

Program Service Revenue $74,081

Investment Income $104

Other Revenue $0

TOTAL REVENUE $1,375,630

Expense Breakdown

Grants Paid $14,929

Salaries & Benefits $629,345

Fundraising Expenses $0

Program Expenses $1,243,259

Other Expenses $692,290

TOTAL EXPENSES $1,336,564

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,375,630	$2,185,835	-0.4%
Expenses	$1,336,564	$2,162,298	-0.4%
Net Income	$39,066	$23,537	+0.7%

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

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

$513,669

Total Directors

$658,223

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ian Fletcher	Chair	1.00	Officer Director	$0	$0	$0
Bob Dubois	Chair-Elect/Treasurer	1.00	Officer Director	$0	$0	$0
Donny Jones	Director	1.00	Director	$0	$0	$0
Jason Rae	Director	1.00	Director	$0	$0	$0
Cheryl Garrison	Director	1.00	Director	$0	$0	$0
Guy Occhiogrosso	Director	1.00	Director	$0	$0	$0
Roy Nascimento	Director	1.00	Director	$0	$0	$0
Brad Lacy	Director	1.00	Director	$0	$0	$0
Bob Thomas	Director	1.00	Director	$0	$0	$0
Celia Richa	Director	1.00	Director	$0	$0	$0
Lucia Cape	Director	1.00	Director	$0	$0	$0
Sheree Anne Kelly	Ex-Officio - President/CEO	1.00	Officer Director	$0	$19,850	$513,669
Alisha Benson	Ex-Officio - ACCE Chair Elect	1.00	Director	$0	$0	$0
Amy Shields	Executive Director	1.00	Director	$0	$9,319	$144,554

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
2025	$1,375,630	$1,336,564	$1,535,922	$39,066
2024	$2,185,835	$2,162,298	$1,193,837	$23,537
2023	$1,214,277	$1,206,058	$1,507,475	$8,219
2022	$1,728,463	$1,629,349	$1,044,534	$99,114
2021	$1,227,129	$1,125,578	$576,329	$101,551
2020	$1,066,958	$1,119,975	$320,475	$-53,017
2018	$1,630,937	$1,625,766	$424,956	$5,171

Association of Chamber of Commerce Executives Foundation