Sherwood Chamber of Commerce

EIN: 237298285

Sherwood, AR

Total Revenue
$161,030
Total Expenses
$164,897
Total Assets
$57,549
Net Assets
$57,549
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
AR
Principal Officer
Veronica Vega
Phone
5018357600
Tax Period
2023-01-01 to 2023-12-31

SHERWOOD CHAMBER OF COMMERCE is a small nonprofit that reported $175K in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year.

Mission

The mission of the Sherwood Area Chamber of Commerce is to enhance the business environment, the economic well-being and quality of like for the Sherwood area. Our association consists of businesses, organizations, and individuals that work toward the interest of our business community. We continue to focus on growing the local economy, advocating on behalf of our members at all levels of government as well as our educaitonal establishments.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $92,411
Program Service Revenue $42,629
Investment Income $370
Other Revenue $25,620
TOTAL REVENUE $161,030

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,926
Fundraising Expenses $0
Other Expenses $97,971
TOTAL EXPENSES $164,897

Year-over-Year Comparison

2023 2022 Change
Revenue $161,030 $220,745 -0.3%
Expenses $164,897 $220,288 -0.3%
Net Income $-3,867 $457 -9.5%
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

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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
12
Independent Members
12
Employees
N/A
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
3
$45,836
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dillon Eberle Chairman 2.00
Director
$0 $0 $0
Drew Williams Incoming Chairman 1.00
Director
$0 $0 $0
Teri Cox Past Chairman 1.00
Director
$0 $0 $0
Myra Randolph Treasurer 2.00
Officer Director
$0 $0 $0
Kim Housley Secretary 0.25
Officer Director
$0 $0 $0
Paul Wilson Executive Committee 0.25
Director
$0 $0 $0
Kim Hibbard Executive Committee 0.25
Director
$0 $0 $0
Mack Hutchison Director 0.25
Director
$0 $0 $0
Mike Kelly Director 0.25
Director
$0 $0 $0
Damien Evans-Delrie Director 0.25
Director
$0 $0 $0
Sue Khoo Director 0.25
Director
$0 $0 $0
Brook Weishaar Director 0.25
Director
$0 $0 $0
Kristen Kennon Director 0.25
Director
$0 $0 $0
Laura Bowerman Director 0.25
Director
$0 $0 $0
Megan Bonney Director 0.25
Director
$0 $0 $0
Veronica Vega President 40.00
Officer
$45,836 $0 $45,836
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 $161,030 $164,897 $57,549 $-3,867
2022 $220,745 $220,288 $61,416 $457
2021 $199,603 $238,344 $78,929 $-38,741
2020 $258,525 $244,824 $99,700 $13,701
2019 $206,726 $247,351 $85,999 $-40,625
2018 $175,143 $189,518 $126,624 $-14,375
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