CHAMBER OF BUSINESS & INDUSTRY OF CENTRE (EIN 251196048) - 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

1952

Legal Domicile

Principal Officer

GREG SCOTT

Phone

8142341829

Tax Period

2024-01-01 to 2024-12-31

CHAMBER OF BUSINESS & INDUSTRY OF CENTRE, founded in 1952, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. The organization ran a surplus of $215K, a strong 16% operating margin.

Mission

TO PROMOTE THE WELL-BEING AND GROWTH OF COMMERCE, BUSINESS AND INDUSTRY, WHILE STRIVING TO MAINTAIN A HIGH QUALITY OF LIFE IN CENTRE COUNTY.

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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 $881,094

Program Service Revenue $223,057

Investment Income $205,411

Other Revenue $20,400

TOTAL REVENUE $1,329,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $612,249

Fundraising Expenses $0

Other Expenses $502,586

TOTAL EXPENSES $1,114,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,329,962	$1,368,130	0.0%
Expenses	$1,114,835	$981,198	+0.1%
Net Income	$215,127	$386,932	-0.4%

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

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

$176,827

Total Directors

$176,827

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM BRUMBAUGH	MEMBER	1.00	Director	$0	$0	$0
GREGORY HAYES	MEMBER	1.00	Director	$0	$0	$0
CHERYL JOHNSON	TREASURER	2.00	Officer Director	$0	$0	$0
ALISON KURTZ	MEMBER	1.00	Director	$0	$0	$0
ELLEN KLINE	MEMBER	1.00	Director	$0	$0	$0
CHRIS MAGENT	MEMBER	1.00	Director	$0	$0	$0
JOHN RODGERS	MEMBER	1.00	Director	$0	$0	$0
DUANE BULLOCK	MEMBER	1.00	Director	$0	$0	$0
CURTIS JOHNSON	MEMBER	1.00	Director	$0	$0	$0
O J JOHNSTON	CHAIR	4.00	Officer Director	$0	$0	$0
TERESA SPARACINO	MEMBER	1.00	Director	$0	$0	$0
TOM FOUNTAINE	MEMBER	1.00	Director	$0	$0	$0
JOHN SEPP	PAST CHAIR	1.00	Officer Director	$0	$0	$0
CRISTIN LONG	MEMBER	1.00	Director	$0	$0	$0
TOM CHARLES	MEMBER	1.00	Director	$0	$0	$0
SARAH THORNDIKE	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK HIGGINS	MEMBER	1.00	Director	$0	$0	$0
ZACK MOORE	MEMBER	1.00	Director	$0	$0	$0
KIRK THOMAS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
GREG SCOTT	PRESIDENT/CEO	40.00	Officer Director	$176,827	$0	$176,827
FRITZ SMITH	MEMBER	1.00	Director	$0	$0	$0
MATT STUCKEY	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	$1,329,962	$1,114,835	$4,627,407	$215,127
2023	$1,368,130	$981,198	$4,508,609	$386,932
2022	$806,851	$759,579	$3,642,903	$47,272
2021	$750,853	$802,527	$4,141,588	$-51,674
2020	$1,072,140	$872,521	$3,817,769	$199,619
2019	$869,201	$1,047,476	$3,820,531	$-178,275
2018	$797,021	$1,041,040	$4,249,143	$-244,019

CHAMBER OF BUSINESS & INDUSTRY OF CENTRE