CUYAHOGA FALLS CHAMBER OF COMMERCE… - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

LAURA PETRELLA

Tax Period

2020-01-01 to 2020-12-31

CUYAHOGA FALLS CHAMBER OF COMMERCE-paper file, founded in 1986, is a small nonprofit that reported $129K in total revenue in fiscal year 2020. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $142K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROMOTE THE ECONOMIC GROWTH AND DEVELOPMENT OF LOCAL BUSINESSES MEMBER SERVICES AND TO PROMOTE AN ACTIVE DIALOGUE AMONG GOVERNMENT, BUSINESS, EDUCATION, AND CIVIC GROUPS COMMUNITY SERVICES

Program Service Accomplishments

Program 1

Expenses: $1,635 Revenue: $6,847

LUNCHEONS - MONTHLY SPEAKERS QUARTERLY BREAKFASTS

Program 2

Expenses: $2,912 Revenue: $3,050

HOLIDAY RECEPTION AND SILENT AUCTION

Program 3

Expenses: $1,678 Revenue: $12,783

COMMUNITY EXPO

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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 (2020)

Revenue Breakdown

Contributions & Grants $95,644

Program Service Revenue $30,598

Investment Income $91

Other Revenue $3,010

TOTAL REVENUE $129,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,181

Fundraising Expenses $0

Program Expenses $134,395

Other Expenses $56,131

TOTAL EXPENSES $142,312

Year-over-Year Comparison

	2020	2019	Change
Revenue	$129,343	$183,119	-0.3%
Expenses	$142,312	$176,779	-0.2%
Net Income	$-12,969	$6,340	-3.0%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT LAGASSE	PRESIDENT	010.00	Officer Director	$0	$0	$0
TONI FRY	1ST VICE PRES	010.00	Officer Director	$0	$0	$0
DARRIN SEMICK	2ND VICE PRES	010.00	Officer Director	$0	$0	$0
MARIE CUTLIP	TREASURER	010.00	Officer Director	$0	$0	$0
DARLENE PINTER	SECRETARY	010.00	Officer Director	$0	$0	$0
ANN DURR	BOARD MEMBER	001.00	Director	$0	$0	$0
BRIAN KOSARKO	BOARD MEMBER	001.00	Director	$0	$0	$0
ADAM LAFABER	BOARD MEMBER	001.00	Director	$0	$0	$0
NEIL LINDGREN	BOARD MEMBER	001.00	Director	$0	$0	$0
CHERYL MYATT	BOARD MEMBER	001.00	Director	$0	$0	$0
BRIAN ROACH	BOARD MEMBER	001.00	Director	$0	$0	$0
SHAY SOMERVILLE	BOARD MEMBER	001.00	Director	$0	$0	$0
BRENT VANFOSSEN	BOARD MEMBER	001.00	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
2020	$129,343	$142,312	$68,068	$-12,969
2019	$183,119	$176,779	$83,404	$6,340

CUYAHOGA FALLS CHAMBER OF COMMERCE-paper file