LATROBE AREA 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

1945

Legal Domicile

Principal Officer

BRIANA R TOMACK

Phone

7245372671

Tax Period

2024-01-01 to 2024-12-31

LATROBE AREA CHAMBER OF COMMERCE, founded in 1945, is a small nonprofit that reported $243K in total revenue in fiscal year 2024.

Mission

PROMOTION OF LOCAL BUSINESS AND INDUSTRIES AND LIVING/WORKING IN THE GREATER LATROBE AREA THROUGH MEMBERSHIP, NETWORKING, ADVERTISING AND VARIOUS EVENTS.

Program Service Accomplishments

Program 1

THE ANNUAL DINNER AND AWARDS CEREMONY IS WHERE THE LATROBE AREA CHAMBER OF COMMERCE AWARDS THE SMALL BUSINESS OF THE YEAR, VOLUNTEER OF THE YEAR NON- PROFIT OF THE YEAR AND COMMUNITY SERVICE AWARD.

Program 2

THE ANNUAL GOLF CLASSIC AND DINNER IS AN OPPORTUNITY FOR LOCAL BUSINESSES TO NETWORK AND ADVERTISE THROUGH HOLE SPONSORSHIPS AND AWARD DONATIONS.

Program 3

THE GREAT AMERICAN BANANA SPLIT CELEBRATION IS A LOCAL EVENT THAT CELEBRATES THE HISTORICAL INVENTION OF THE BANANA SPLIT IN LATROBE, PENNSYLVANIA.

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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 $152,244

Program Service Revenue $0

Investment Income $1,551

Other Revenue $88,870

TOTAL REVENUE $242,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,581

Fundraising Expenses $0

Other Expenses $98,787

TOTAL EXPENSES $241,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,665	$235,559	+0.0%
Expenses	$241,368	$227,025	+0.1%
Net Income	$1,297	$8,534	-0.8%

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

Volunteers

200

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
JEFF MINKOVICH	CHAIRMAN	3.00	Officer	$0	$0	$0
AMY PEER	VICE CHAIRMA	3.00	Officer	$0	$0	$0
TODD WEIMER	SECRETARY	3.00	Officer	$0	$0	$0
MARYANN WHITE-HELFFERICH	TREASURER	3.00	Officer	$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	$242,665	$241,368	$205,673	$1,297
2023	$235,559	$227,025	$198,392	$8,534
2022	$240,181	$213,658	$188,557	$26,523
2021	$225,134	$188,464	$179,411	$36,670
2020	$199,500	$151,633	$171,597	$47,867
2019	$260,420	$201,591	$117,405	$58,829