RICHLAND 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

1899

Legal Domicile

Principal Officer

ELLEN HEINZ

Phone

4195223211

Tax Period

2023-01-01 to 2023-12-31

RICHLAND AREA CHAMBER OF COMMERCE, founded in 1899, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring.

Mission

THE PRIMARY PURPOSE IS TO BE A LEADING ADVOCATE FOR ECONOMIC AND BUSINESS SUCCESS IN THE RICHLAND COUNTY AREA

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDED MEETINGS FOR BUSINESS PROFESSIONALS TO COME TOGETHER TO NETWORK AND PROMOTE THEIR 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 $380,084

Program Service Revenue $32,404

Investment Income $15,712

Other Revenue $660,270

TOTAL REVENUE $1,088,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $840,223

Fundraising Expenses $7,223

Other Expenses $239,833

TOTAL EXPENSES $1,080,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,088,470	$2,123,004	-0.5%
Expenses	$1,080,056	$2,057,766	-0.5%
Net Income	$8,414	$65,238	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	EX OFFICIO D	1.00	Officer Director	$0	$0	$0
JENNIFER ALT	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
WALT BONHAM	DIRECTOR	1.00	Director	$0	$0	$0
DONNIE CLARK	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT COHEN	EX-OFFICIO D	1.00	Director	$0	$0	$0
BETHANY CUTHBERTSON	EX-OFFICIO D	1.00	Officer Director	$0	$0	$0
CURTIS GINGRICH	DIRECTOR	1.00	Director	$0	$0	$0
JAY GOYAL	IMMEDIATE PA	1.00	Director	$0	$0	$0
SCOTT HEIMANN	DIRECTOR	1.00	Director	$0	$0	$0
STAN JEFFERSON	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE KEMERER	DIRECTOR	1.00	Officer Director	$0	$0	$0
JENNIFER KIME	EX-OFFICIO D	1.00	Director	$0	$0	$0
DAN LEW	DIRECTOR	1.00	Officer Director	$0	$0	$0
KRISTINE LINDERMAN	CHAIR	40.00	Director	$0	$0	$0
KRISTI LORD	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
JAKE PENWELL	RCDG CHAIR	1.00	Director	$0	$0	$0
JON PIERCE	CHAIR ELECT	1.00	Director	$0	$0	$0
DAVE SHEALY	TREASURER	1.00	Officer Director	$0	$0	$0
JOTIKA SHETTY	EX-OFFICIO D	1.00	Director	$0	$0	$0
LEE TASSEFF	EX-OFFICIO D	1.00	Director	$0	$0	$0
DEANNA WEST TORRENCE	EX-OFFICIO D	1.00	Officer Director	$0	$0	$0
KIM WINKLE	DIRECTOR	1.00	Director	$0	$0	$0
CINDY WOOD	DIRECTOR	1.00	Officer Director	$0	$0	$0
BARBARA WOODMAN	DIRECTOR	1.00	Officer Director	$0	$0	$0
ELLEN HEINZ	PRESIDENT	40.00	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
2024	No data	No data	No data	No data
2023	$1,088,470	$1,080,056	$953,450	$8,414
2022	$2,123,004	$2,057,766	$931,728	$65,238
2021	$950,905	$919,093	$906,885	$31,812
2020	$3,226,411	$3,187,695	$859,331	$38,716
2019	$516,639	$524,651	$773,935	$-8,012
2018	$481,881	$470,870	$761,059	$11,011