SPRINGFIELDCLARK COUNTY CHAMBER OF COMMERCE (EIN 310452610) - 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

1942

Legal Domicile

Principal Officer

MICHAEL MCDORMAN

Phone

9373258765

Tax Period

2023-01-01 to 2023-12-31

SPRINGFIELDCLARK COUNTY CHAMBER OF COMMERCE, founded in 1942, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PART III, LINE 1 - TO ADVANCE IMPORTANT ECONOMIC DEVELOPMENT OPPORTUNITIES AND ISSUES, TO HELP OUR MEMBERS GROW THEIR BUSINESSES BY DELIVERING OUTSTANDING OPPORTUNITIES, TO CONNECT WITH EACH OTHER AND THE BROADER COMMUNITY AND TO PARTNER WTIH OTHER ORGANIZATIONS AND WORK COOPERATIVELY WITH GOVERNMENT, NON-PROFIT AND COMMUNITY SECTORS TO PROMOTE GROUND- BREAKING IDEAS THAT WILL MAKE GREATER SPRINGFIELD, OHIO PROGRESSIVE.

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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 $395,907

Program Service Revenue $176,144

Investment Income $2,051

Other Revenue $1,419,789

TOTAL REVENUE $1,993,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,427,959

Fundraising Expenses $0

Other Expenses $565,860

TOTAL EXPENSES $1,993,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,993,891	$1,830,382	+0.1%
Expenses	$1,993,819	$1,859,712	+0.1%
Net Income	$72	$-29,330	-1.0%

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

$292,890

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCDORMAN	CEO	50.00	Officer	$262,565	$30,325	$292,890
SUNNY DHINGRA	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JOHN MCKINNON III	CHAIR	1.00	Officer Director	$0	$0	$0
DAREN COTTER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN ROBERTS	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
ARLIN J TOLLIVER SR	DIRECTOR	1.00	Director	$0	$0	$0
NICK DEMANA	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CORNELIUS HOOKFIN	DIRECTOR	1.00	Director	$0	$0	$0
JO ALICE BLONDIN	DIRECTOR	1.00	Director	$0	$0	$0
GREG ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL FRANDSEN	DIRECTOR	1.00	Director	$0	$0	$0
BRAD PEPPER	DIRECTOR	1.00	Director	$0	$0	$0
TAMMI ANGLE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LANDESS	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN MASSARO	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BUCHANAN	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE KLOPFENSTEIN	DIRECTOR	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	No data	No data	No data	No data
2023	$1,993,891	$1,993,819	$720,462	$72
2022	$1,830,382	$1,859,712	$709,747	$-29,330
2021	$2,014,403	$1,934,296	$713,303	$80,107
2020	$1,631,182	$1,642,401	$541,078	$-11,219
2019	$1,735,214	$1,728,133	$567,394	$7,081
2018	$1,700,486	$1,694,206	$585,725	$6,280

SPRINGFIELDCLARK COUNTY CHAMBER OF COMMERCE