WELLSBORO AREA CHAMBER OF COMMERCE

EIN: 240774743

WELLSBORO, PA

Total Revenue
$167,502
Total Expenses
$166,505
Total Assets
$66,305
Net Assets
$60,929
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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
1916
Legal Domicile
PA
Principal Officer
JULIE HENRY
Phone
5707241926
Tax Period
2023-01-01 to 2023-12-31

WELLSBORO AREA CHAMBER OF COMMERCE, founded in 1916, is a small nonprofit that reported $168K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

CHAMBER OF COMMERCE IS DEDICATED TO THE PROMOTION OF THE WELLSBORO AREA ECONOMY

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,000
Program Service Revenue $160,494
Investment Income $8
Other Revenue $0
TOTAL REVENUE $167,502

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,097
Fundraising Expenses $0
Other Expenses $42,408
TOTAL EXPENSES $166,505

Year-over-Year Comparison

2023 2022 Change
Revenue $167,502 $184,670 -0.1%
Expenses $166,505 $184,269 -0.1%
Net Income $997 $401 +1.5%
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

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Governance

Voting Members
30
Independent Members
30
Employees
5
Volunteers
29

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
4
$83,080
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE CHARLES PRESIDENT 2.00
Officer Director
$0 $0 $0
AMY WELCH VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
TIMOTHY GOOCH TREASURER 2.00
Officer Director
$0 $0 $0
ELLEN BRYANT BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY BRYANT BOARD MEMBER 1.00
Director
$0 $0 $0
RICK BECKWITH BOARD MEMBER 1.00
Director
$0 $0 $0
LESLIE WISHARD BOARD MEMBER 1.00
Director
$0 $0 $0
JANIE HILFIGER BOARD MEMBER 1.00
Director
$0 $0 $0
ANNE RAWSON BOARD MEMBER 1.00
Director
$0 $0 $0
JIM BODINE BOARD MEMBER 1.00
Director
$0 $0 $0
TAMMY MENGEE BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES MESSINA BOARD MEMBER 1.00
Director
$0 $0 $0
MARSHA CHESKO BOARD MEMBER 1.00
Director
$0 $0 $0
AL QUIMBY BOARD MEMBER 1.00
Director
$0 $0 $0
KIM MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN DUFF BOARD MEMBER 1.00
Director
$0 $0 $0
BARNEY FARNSWORTH JR BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY STAMILIO BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS PUTNAM BOARD MEMBER 1.00
Director
$0 $0 $0
LINN MACENSKY BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH CRAM BOARD MEMBER 1.00
Director
$0 $0 $0
CARRIE HEATH BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL BRILL BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLE YORK BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN CUNNINGHAM BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA SANDSTROM BOARD MEMBER 1.00
Director
$0 $0 $0
JULIAN STAM BOARD MEMBER 1.00
Director
$0 $0 $0
KILEY BIRGENSMITH BOARD MEMBER 1.00
Director
$0 $0 $0
LOUIS RACHEILE BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE HENRY EXECUTIVE DIRECTOR 40.00
Officer
$83,080 $0 $83,080
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 $167,502 $166,505 $66,305 $997
2022 $184,670 $184,269 $66,263 $401
2021 $192,056 $157,333 $67,336 $34,723
2020 $181,212 $164,092 $31,494 $17,120
2019 $233,250 $237,845 $19,325 $-4,595
2018 $229,083 $233,555 $22,467 $-4,472
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