SOLVANG CHAMBER OF COMMERCE (EIN 237261917) - Form 990 Financial Analysis & Trantor Score

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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

1956

Legal Domicile

Phone

8056880701

Tax Period

2023-01-01 to 2023-12-31

SOLVANG CHAMBER OF COMMERCE, founded in 1956, is a small nonprofit that reported $279K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $263K left a modest 6% surplus.

Mission

TO PROMOTE SOLVANG BUSINESSES AND PROVIDE A VOICE FOR THEM TO EXPRESS THEIR VIEWS.

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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 $217,808

Program Service Revenue $52,590

Investment Income $1,740

Other Revenue $7,267

TOTAL REVENUE $279,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,693

Fundraising Expenses $0

Other Expenses $119,257

TOTAL EXPENSES $262,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,405	$255,089	+0.1%
Expenses	$262,950	$281,780	-0.1%
Net Income	$16,455	$-26,691	-1.6%

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

N/A

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

$80,000

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY BEARD	Executive Dir.	40.00	Officer Director	$80,000	$0	$80,000
KEN SORENSON	ADVISOR	2.00	Officer Director	$0	$0	$0
RENE MARTINEZ	President	2.00	Officer Director	$0	$0	$0
CHARLES WERNER	Vice President	2.00	Officer Director	$0	$0	$0
LISA MESA	Secretary	2.50	Officer Director	$0	$0	$0
DIANNE WITTENBROCK	Treasurer	5.00	Officer Director	$0	$0	$0
DAN CASSARA	Past-President	6.00	Director	$0	$0	$0
SCOTT GOLD	Board Member	1.00	Director	$0	$0	$0
KEVIN WALTHERS	Board Member	1.00	Director	$0	$0	$0
PHILIP GRANT	Board Member	1.00	Director	$0	$0	$0
DANA VOLK	Board Member	1.00	Director	$0	$0	$0
LORI PARKER	Board Member	1.00	Director	$0	$0	$0
QUINCY RUFFIN	Board Member	1.00	Director	$0	$0	$0
SUSIE SORENSEN	Board Member	1.00	Director	$0	$0	$0
STEVE JENKINS	Board Member	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	$279,405	$262,950	$241,813	$16,455
2022	$255,089	$281,780	$227,118	$-26,691
2021	$307,217	$250,527	$238,876	$56,690
2019	$235,520	$257,971	$66,213	$-22,451
2018	$216,931	$201,369	$85,052	$15,562

SOLVANG CHAMBER OF COMMERCE