WOOSTER AREA CHAMBER OF COMMERCE (EIN 340628440) - 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

1908

Legal Domicile

Principal Officer

SAMIRA ZIMMERLY

Phone

3302625735

Tax Period

2023-01-01 to 2023-12-31

WOOSTER AREA CHAMBER OF COMMERCE, founded in 1908, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $274K, a strong 26% operating margin.

Mission

THE WOOSTER AREA CHAMBER OF COMMERCE STRENGTHENS THE ECONOMIC BASE & APPEAL OF THE WOOSTER AREA.

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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 $383,680

Program Service Revenue $589,748

Investment Income $4,459

Other Revenue $71,822

TOTAL REVENUE $1,049,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,047

Fundraising Expenses $0

Program Expenses $287,948

Other Expenses $489,248

TOTAL EXPENSES $775,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,049,709	$820,143	+0.3%
Expenses	$775,295	$684,602	+0.1%
Net Income	$274,414	$135,541	+1.0%

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

118

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

$138,906

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCCLINTOCK	CHAIR	1.00	Officer Director	$0	$0	$0
AMY MARINELLO	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
CHAD BOREMAN	PAST CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN MARLAR	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN STIKA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIBETH BURNS	BOARD MEMBER	1.00	Director	$0	$0	$0
ARMAND MASSARY	BOARD MEMBER	1.00	Director	$0	$0	$0
DON NOBLE II	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN SMYTH	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON CARRICK	BOARD MEMBER	1.00	Director	$0	$0	$0
RICH FISHBURN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD KAUFFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS SHAMIE	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE WEBSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANNON WALLER	BOARD MEMBER	1.00	Director	$0	$0	$0
RODD WELKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR SHARON MARCANTHONY	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMIRA ZIMMERLY	PRESIDENT	50.00	Officer	$126,442	$12,464	$138,906

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	$1,049,709	$775,295	$1,759,681	$274,414
2022	$820,143	$684,602	$1,712,210	$135,541
2021	$1,000,666	$545,451	$1,571,205	$455,215
2020	$391,088	$547,824	$1,115,844	$-156,736
2019	$794,940	$727,752	$1,277,901	$67,188
2018	$635,509	$654,495	$1,203,646	$-18,986

WOOSTER AREA CHAMBER OF COMMERCE