THE REGIONAL CHAMBER OF NORTHEAST … - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

WILLIAM S KONYHA

Phone

2602342287

Tax Period

2024-01-01 to 2024-12-31

THE REGIONAL CHAMBER OF NORTHEAST INDIANA INC, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $523K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $494K left a modest 5% surplus.

Mission

THE MISSION OF THE REGIONAL CHAMBER OF NE INDIANA, INC. IS TO PROMOTE AN ENVIRONMENT IN NE INDIANA IN WHICH INDIVIDUALS, BUSINESSES, AND COMMUNITIES THRIVE IN A GLOBAL ECONOMY. WE FOCUS ON THE PILLARS OF THE 21ST CENTURY: TALENT, WORLD CLASS INFRATRUCTURE, AND A COMPETITIVE BUSINESS CLIMATE.

Program Service Accomplishments

Program 1

THE REGIONAL CHAMBER OF NORTHEAST INDIANA, INC. (THE ORGANIZATION), AN INDIANA NONPROFIT CORPORATION ORGANIZED UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, IS AN ADVOCATE FOR ITS MEMBERS...

THE REGIONAL CHAMBER OF NORTHEAST INDIANA, INC. (THE ORGANIZATION), AN INDIANA NONPROFIT CORPORATION ORGANIZED UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, IS AN ADVOCATE FOR ITS MEMBERS PROMOTING AN ENVIRONMENT IN WHICH INDIVIDUALS, BUSINESSES, AND COMMUNITIES THRIVE IN A GLOBAL ECONOMY. THE ORGANIZATION FOCUSES UPON THE PILLARS OF 21ST CENTURY TALENT, WORLD CLASS INFRASTRUCTURE, AND A COMPETITIVE BUSINESS CLIMATE. ITS MEMBERS ARE BUSINESSES, ECONOMIC AND WORKFORCE DEVELOPMENT ORGANIZATIONS, LOCAL CHAMBERS OF COMMERCE, AND EDUCATIONAL INSTITUTIONS IN ADAMS, ALLEN, DEKALB, HUNTINGTON, KOSCIUSKO, LAGRANGE, NOBLE, STEUBEN, WABASH, WELLS, AND WHITLEY COUNTIES.

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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 $0

Program Service Revenue $514,797

Investment Income $7,728

Other Revenue $0

TOTAL REVENUE $522,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,874

Fundraising Expenses $47,385

Other Expenses $232,532

TOTAL EXPENSES $494,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$522,525	$452,186	+0.2%
Expenses	$494,406	$462,951	+0.1%
Net Income	$28,119	$-10,765	-3.6%

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

$175,757

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM S KONYHA	PRESIDENT AN	40.00	Officer	$170,658	$5,099	$175,757
PAT SULLIVAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TODD HOLLMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIC OTTINGER	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF HARDING	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS GRAHAM	PAST CHAIRMA	1.00	Officer Director	$0	$0	$0
ANDY BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
KIM BARNETT-JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
SHERILYN EMBERTON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE VANOVER	DIRECTOR	1.00	Director	$0	$0	$0
CASEY COX	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GLAZE	DIRECTOR	1.00	Director	$0	$0	$0
RON TURPIN	DIRECTOR	1.00	Director	$0	$0	$0
RENEA BOOTS	DIRECTOR	1.00	Director	$0	$0	$0
ISAAC LEE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
ROGER CROMER	DIRECTOR	1.00	Director	$0	$0	$0
ROB PARKER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANE FRIJIA	DIRECTOR	1.00	Director	$0	$0	$0
DAVE DYER	DIRECTOR	1.00	Director	$0	$0	$0
PERRY GAY	DIRECTOR	1.00	Director	$0	$0	$0
CHAD MORROW	DIRECTOR	1.00	Director	$0	$0	$0
GEARY BUCHANAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BAKER	DIRECTOR	1.00	Director	$0	$0	$0
ERIN WHITEHEAD	DIRECTOR	1.00	Director	$0	$0	$0
RONALD ELSENBAUM	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
2025	No data	No data	No data	No data
2024	$522,525	$494,406	$347,860	$28,119
2023	$452,186	$462,951	$331,594	$-10,765
2022	$445,650	$464,408	$413,727	$-18,758
2021	$464,390	$480,657	$561,479	$-16,267
2020	$490,358	$470,805	$660,267	$19,553
2019	$420,155	$389,129	$614,092	$31,026
2018	$409,569	$377,651	$607,081	$31,918

THE REGIONAL CHAMBER OF NORTHEAST INDIANA INC