ASHTABULA AREA CHAMBER OF COMMERCE

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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

Phone

4409986998

Tax Period

2023-07-01 to 2024-06-30

ASHTABULA AREA CHAMBER OF COMMERCE, founded in 1958, is a small nonprofit that reported $119K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $109K left a modest 8% surplus.

Mission

TO PROVIDE PROMOTIONAL MATERIALS AND SOCIAL MEETINGS TO INFORM OTHER BUSINESSES OF THE ADVANTAGES OF THE ASHTABULA AREA AND PROMOTE THE AREA TO OTHER BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $109,189

PROMOTIONAL MATERIALS AND SOCIAL MEETINGS HAVE TAKEN PLACE TO INFORM OTHER BUSINESSES OF THE ADVANTAGES OF THE ASHTABULA AREA AND PROMOTE THE AREA TO OTHER BUSINESSES.

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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 $93,939

Program Service Revenue $0

Investment Income $1

Other Revenue $25,316

TOTAL REVENUE $119,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,316

Fundraising Expenses $0

Program Expenses $109,189

Other Expenses $31,873

TOTAL EXPENSES $109,189

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119,256	$129,796	-0.1%
Expenses	$109,189	$96,911	+0.1%
Net Income	$10,067	$32,885	-0.7%

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

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

Total Directors

$59,220

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BOLINO	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT COBLITZ	DIRECTOR	2.00	Director	$0	$0	$0
DENISE COUSINS	DIRECTOR	2.00	Director	$0	$0	$0
DENISE DIDONATO	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER STARCHESKI	DIRECTOR	2.00	Director	$0	$0	$0
REBEKAH SPENCER	DIRECTOR	2.00	Director	$0	$0	$0
JEWEL WHITE	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY CHURCH	EXECUTIVE DIRECTOR	40.00	Director	$59,220	$0	$59,220
JENNY LUHTA	CHAIR	2.00	Officer	$0	$0	$0
DAVE BOGARDUS	VICE CHAIR	2.00	Officer	$0	$0	$0
PATRICIA WHITE	TREASURER	2.00	Officer	$0	$0	$0
KRISTA SHEAN	SECRETARY	2.00	Officer	$0	$0	$0
CHRIS PANZONE	PAST CHAIR	2.00	Officer	$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	$119,256	$109,189	$147,407	$10,067
2023	$129,796	$96,911	$140,025	$32,885
2022	$141,297	$93,918	$107,140	$47,379
2021	$107,338	$86,541	$59,761	$20,797
2020	$104,349	$100,762	$93,064	$3,587
2019	$107,573	$100,357	$35,447	$7,216
2018	$92,119	$97,485	$28,261	$-5,366