NEW ALBANY AREA CHAMBER OF COMMERCE (EIN 311221292) - 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

1996

Legal Domicile

Principal Officer

CHERIE NELSON

Phone

6148554400

Tax Period

2023-01-01 to 2023-12-31

NEW ALBANY AREA CHAMBER OF COMMERCE, founded in 1996, is a small nonprofit that reported $645K in total revenue in fiscal year 2023. Expenses of $624K left a modest 3% surplus.

Mission

TO PROMOTE AND SUSTAIN A HEALTHY BUSINESS ENVIRONMENT AND VIBRANT COMMUNITY BENEFITTING ALL WHO LIVE, WORK OR VISIT NEW ALBANY.

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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 $233,965

Program Service Revenue $379,235

Investment Income $0

Other Revenue $32,128

TOTAL REVENUE $645,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,041

Fundraising Expenses $0

Program Expenses $560,356

Other Expenses $378,156

TOTAL EXPENSES $624,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$645,328	$661,864	0.0%
Expenses	$624,197	$619,339	+0.0%
Net Income	$21,131	$42,525	-0.5%

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

$106,080

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK ZUIKA	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
DEBBIE DONAHEY	TRUSTEE	1.00	Director	$0	$0	$0
KURT FULMER	TRUSTEE	1.00	Director	$0	$0	$0
KERNESA SAMANA	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
ABE JACOBS	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
LIZ MORRISON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
THOR HESS	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA PFISTER	TRUSTEE	1.00	Director	$0	$0	$0
CHERIE NELSON	EXECUTIVE DIRECTOR	40.00	Officer	$106,080	$0	$106,080

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	$645,328	$624,197	$486,267	$21,131
2022	$661,864	$619,339	$465,090	$42,525
2021	$557,473	$437,381	$416,394	$120,092
2020	$297,534	$301,993	$259,059	$-4,459
2019	$384,834	$354,565	$250,959	$30,269
2018	$344,590	$319,636	$228,859	$24,954

NEW ALBANY AREA CHAMBER OF COMMERCE