RED OAK CHAMBER AND INDUSTRY ASSOCIATION INC (EIN 270823236) - 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

1974

Legal Domicile

Phone

7126234821

Tax Period

2023-01-01 to 2023-12-31

RED OAK CHAMBER AND INDUSTRY ASSOCIATION INC, founded in 1974, is a small nonprofit in the Community Improvement sector that reported $193K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $225K exceeded revenue, resulting in a 17% operating deficit.

Mission

COMMUNITY SUPPORT AND DEVELOPMENT

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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 $119,362

Program Service Revenue $81,998

Investment Income $-6,529

Other Revenue $-2,187

TOTAL REVENUE $192,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,200

Fundraising Expenses $0

Program Expenses $67,014

Other Expenses $124,226

TOTAL EXPENSES $225,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$192,644	$246,457	-0.2%
Expenses	$225,426	$217,249	+0.0%
Net Income	$-32,782	$29,208	-2.1%

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

1000

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

$50,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY REA	PRESIDENT	2.00	Officer	$0	$0	$0
RYAN BEESON	VICE PRESIDENT	2.00	Officer	$0	$0	$0
BRYANT BLAY	TREASURER	2.00	Officer	$0	$0	$0
DIANA HIETBRINK	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE CARLSON	SECRETARY	2.00	Officer	$50,500	$0	$50,500
CORRINE JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
BEN LUNDGREN	DIRECTOR	1.00	Director	$0	$0	$0
SHARON BRADLEY	PAST PRESIDENT	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$192,644	$225,426	$602,203	$-32,782
2022	$246,457	$217,249	$632,438	$29,208
2021	$228,581	$212,065	$597,331	$16,516
2020	$132,586	$133,296	$577,194	$-710
2019	$190,677	$205,975	$580,107	$-15,298
2018	$189,259	$201,107	$588,153	$-11,848

RED OAK CHAMBER AND INDUSTRY ASSOCIATION INC