PARMA 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

1955

Legal Domicile

Phone

4408861700

Tax Period

2025-01-01 to 2025-12-31

PARMA AREA CHAMBER OF COMMERCE, founded in 1955, is a small nonprofit that reported $101K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. Expenses of $133K exceeded revenue, resulting in a 32% operating deficit.

Mission

Host luncheons and after hours events to include discussions of business related subjects and to enhance community and general business networking.

Program Service Accomplishments

Program 1

Host luncheons and after hours events to include discussions of business related subject and to enhance community and general business networking.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $32,579

Investment Income $0

Other Revenue $68,537

TOTAL REVENUE $101,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,906

Fundraising Expenses $0

Program Expenses $0

Other Expenses $46,493

TOTAL EXPENSES $133,399

Year-over-Year Comparison

	2025	2024	Change
Revenue	$101,116	$116,940	-0.1%
Expenses	$133,399	$101,628	+0.3%
Net Income	$-32,283	$15,312	-3.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Joseph Coughlin	Chairman	Director	$0	$0	$0
Brandon Bunyak	Vice Chair	Director	$0	$0	$0
Amy Carrier	Recording Secretary	Director	$0	$0	$0
Mitchell Axelrod	Treasurer	Director	$0	$0	$0
Joseph Coughlin	Executive Committee Chair	Director	$0	$0	$0
Connie Bruno	Reporting Secretary	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	$101,116	$133,399	$123,939	$-32,283
2024	No data	No data	No data	No data
2023	$130,247	$94,885	$140,055	$35,362
2022	$144,822	$82,578	$112,459	$62,244