SOUTHERN OHIO CHAMBER ALLIANCE

EIN: 311398387

CINCINNATI, OH

Total Revenue
$2,279,577
Total Expenses
$2,039,035
Total Assets
$2,025,694
Net Assets
$2,013,063
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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
1993
Legal Domicile
OH
Principal Officer
MATT APPENZELLER
Phone
9373954533
Tax Period
2024-01-01 to 2024-12-31

SOUTHERN OHIO CHAMBER ALLIANCE, founded in 1993, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 11% surplus.

Mission

SMALL EMPLOYER HEALTH CARE ALLIANCE IN ACCORDANCE WITH CHAPTER 1731 OF THE OHIO REVISED CODE. SOUTHERN OHIO CHAMBER ALLIANCE ENGAGES MEMBERS OF 129 CHAMBERS OF COMMERCE IN THE STATE OF OHIO BY OFFERING VALUE ADDED PRODUCTS AND SERVICES.

Program Service Accomplishments

Program 1
Expenses: $2,025,380 Revenue: $205,672

SERVES 129 CHAMBERS OF COMMERCE IN THE STATE OF OHIO. IN 2024, THE SOUTHERN OHIO CHAMBER ALLIANCE SERVED MORE THAN 20,000 MEMBERS IN THE ANTHEM CHAMBER SAVER PLAN, MORE THAN 95,000 EMPLOYEES AND...

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SERVES 129 CHAMBERS OF COMMERCE IN THE STATE OF OHIO. IN 2024, THE SOUTHERN OHIO CHAMBER ALLIANCE SERVED MORE THAN 20,000 MEMBERS IN THE ANTHEM CHAMBER SAVER PLAN, MORE THAN 95,000 EMPLOYEES AND THEIR FAMILIES IN THE SOCA BENEFIT PLAN, AND OVER 900 EMPLOYERS IN WORKERS COMPENSATION GROUP RATING THROUGH THIRD PARTY ADMINISTRATOR HUNTER CONSULTING CO. SEVERAL HUNDRED EMPLOYERS ALSO USED THE CHAMBER ENERGY PROGRAM THROUGH COMMUNITY ENERGY ADVISORS, ELAVON MERCHANT SERVICES AND POINT OF SALE SYSTEMS, AND HUMAN RESOURCES SERVICES THROUGH CLARK SCHAEFFER HACKETT. SOCA ALSO PARTNERS WITH THE CHAMBER PROFESSIONAL OF OHIO TO PROVIDE TRAINING FOR CHAMBERS OF COMMERCE

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,073,905
Program Service Revenue $169,365
Investment Income $28,336
Other Revenue $7,971
TOTAL REVENUE $2,279,577

Expense Breakdown

Grants Paid $0
Salaries & Benefits $365,884
Fundraising Expenses $0
Program Expenses $2,025,380
Other Expenses $1,673,151
TOTAL EXPENSES $2,039,035

Year-over-Year Comparison

2024 2023 Change
Revenue $2,279,577 $2,113,668 +0.1%
Expenses $2,039,035 $1,806,089 +0.1%
Net Income $240,542 $307,579 -0.2%
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
8
Independent Members
8
Employees
3
Volunteers
N/A

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
3
$168,978
Total Directors
9
$168,978
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARA TOPP BOARD MEMBER 1.00
Director
$0 $0 $0
RICK PEARCE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
DAVID DONALDSON BOARD MEMBER 1.00
Director
$0 $0 $0
MATT APPENZELLER EXECUTIVE DIRECTOR 40.00
Officer Director
$160,182 $8,796 $168,978
DAVID PETERSON BOARD MEMBER 1.00
Director
$0 $0 $0
WENDY RODGERS BOARD MEMBER 1.00
Director
$0 $0 $0
LYDIA HESS BOARD MEMBER 1.00
Director
$0 $0 $0
JOEL MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE THRONE PRESIDENT/CEO 1.00
Officer 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 $2,279,577 $2,039,035 $2,025,694 $240,542
2023 $2,113,668 $1,806,089 $1,774,450 $307,579
2022 $2,155,686 $1,522,968 $1,471,440 $632,718
2021 $1,669,173 $1,342,001 $838,775 $327,172
2020 $935,647 $826,831 $511,587 $108,816
2019 $1,015,429 $793,797 $396,435 $221,632
2018 $701,149 $424,687 $223,934 $276,462
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