Worthington Area Chamber of Commerce

EIN: 311037348

Worthington, OH

Total Revenue
$263,600
Total Expenses
$263,292
Total Assets
$161,934
Net Assets
$104,524
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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
1958
Legal Domicile
OH
Principal Officer
Matthew Lofy
Phone
6148883040
Tax Period
2023-01-01 to 2023-12-31

Worthington Area Chamber of Commerce, founded in 1958, is a small nonprofit that reported $264K in total revenue in fiscal year 2023.

Mission

Assist local businesses and promote economic development in the Worthington area by providing promotional, business exposure, and referral opportunities.

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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 $127,469
Program Service Revenue $136,125
Investment Income $6
Other Revenue $0
TOTAL REVENUE $263,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $164,178
Fundraising Expenses $0
Program Expenses $247,349
Other Expenses $99,114
TOTAL EXPENSES $263,292

Year-over-Year Comparison

2023 2022 Change
Revenue $263,600 $248,711 +0.1%
Expenses $263,292 $289,946 -0.1%
Net Income $308 $-41,235 -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

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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
150

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
$79,250
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lori Godorhazy Chair 1.00
Officer Director
$0 $0 $0
Matt Gregory Incoming Chair 1.00
Officer Director
$0 $0 $0
Mack Hanna Treasurer 1.00
Officer Director
$0 $0 $0
David Polakowski Secretary 1.00
Director
$0 $0 $0
Derek Voytovich Past Chair 1.00
Director
$0 $0 $0
Jamie Bartlett Trustee 1.00
Director
$0 $0 $0
Jeff Bell Trustee 1.00
Director
$0 $0 $0
Jill Bookhout Trustee 1.00
Director
$0 $0 $0
Jamie Cleverly Trustee 1.00
Director
$0 $0 $0
Scott Green Trustee 1.00
Director
$0 $0 $0
Melanie Huffman Trustee 1.00
Director
$0 $0 $0
Jeri Lucco Trustee 1.00
Director
$0 $0 $0
Ty Nisthauz Trustee 1.00
Director
$0 $0 $0
Carlyn Pitterle Trustee 1.00
Director
$0 $0 $0
Adam Sammons Trustee 1.00
Director
$0 $0 $0
Adrian Sullivan Trustee 1.00
Director
$0 $0 $0
Sara Dunn Trustee 1.00
Director
$0 $0 $0
Matthew Lofy Executive Director 40.00
Officer
$79,250 $0 $79,250
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 $263,600 $263,292 $161,934 $308
2022 $248,711 $289,946 $167,984 $-41,235
2021 $279,569 $252,786 $214,184 $26,783
2020 $186,578 $259,194 $194,283 $-72,616
2019 $307,967 $309,723 $278,336 $-1,756
2018 $309,006 $305,662 $293,020 $3,344
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