CANTON REGIONAL CHAMBER OF COMMERCE FOUNDATION INC (EIN 341536585) - 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

1986

Legal Domicile

Principal Officer

JEFFREY DAFLER

Phone

3304567253

Tax Period

2023-01-01 to 2023-12-31

CANTON REGIONAL CHAMBER OF COMMERCE FOUNDATION INC, founded in 1986, is a micro nonprofit that reported $36K in total revenue in fiscal year 2023. Revenue surged 351% from the prior year, signaling strong growth momentum. Expenses of $172K exceeded revenue, resulting in a 373% operating deficit.

Mission

SUPPORT AND SUPPLEMENT THE EFFORTS OF ENTITIES DIRECTED AT RESTORING AND MAINTAINING HEALTHY ECONOMIC AND SOCIAL CONDITIONS IN STARK COUNTY. SUPPORT PROGRAMS FOR TRAINING AND DEVELOPMENT OF VOLUNTEER LEADERS FOR CHARITABLE AND CIVIC ORGANIZATIONS.

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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 $56,817

Program Service Revenue $0

Investment Income $632

Other Revenue $-21,139

TOTAL REVENUE $36,310

Expense Breakdown

Grants Paid $124,317

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,551

Other Expenses $47,563

TOTAL EXPENSES $171,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,310	$8,054	+3.5%
Expenses	$171,880	$220,775	-0.2%
Net Income	$-135,570	$-212,721	-0.4%

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

N/A

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
RALPH LEE	CHAIRMAN	0.50	Officer Director	$0	$0	$0
MARK WRIGHT	TREASURER	0.50	Officer Director	$0	$0	$0
BRAD BELDEN	DIRECTOR	0.50	Director	$0	$0	$0
AMANDA STERLING	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS GOFF	DIRECTOR	0.50	Director	$0	$0	$0
RYAN FULMER	DIRECTOR	0.50	Director	$0	$0	$0
TERI WILSON	DIRECTOR	0.50	Director	$0	$0	$0
DENNIS SAUNIER	PRESIDENT	1.00		$0	$25,230	$321,848

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	$36,310	$171,880	$4,065,305	$-135,570
2022	$8,054	$220,775	$4,196,584	$-212,721
2021	$509,465	$144,707	$4,321,680	$364,758
2020	$68,644	$155,839	$3,738,924	$-87,195
2019	$161,098	$217,626	$3,723,574	$-56,528
2018	$36,882	$210,375	$3,829,614	$-173,493

CANTON REGIONAL CHAMBER OF COMMERCE FOUNDATION INC