INDIAN LAKE CHAMBER OF COMMERCE INC

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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

1990

Legal Domicile

Phone

9378435392

Tax Period

2024-01-01 to 2024-12-31

INDIAN LAKE CHAMBER OF COMMERCE INC, founded in 1990, is a small nonprofit that reported $295K in total revenue in fiscal year 2024. Revenue surged 136% from the prior year, signaling strong growth momentum.

Mission

PROMOTING AREA BUSINESSES

Program Service Accomplishments

Program 1

Expenses: $136,620 Revenue: $137,000

PROMOTION OF OVER 240 RETAIL AND MANUFACTURING BUSINESSES BY SPONSERING FUND RAISING EVENTS THAT ATTRACT SEVERAL THOUSAND PEOPLE TO THE AREA, WHO IN TURN PATRONIZE THE LOCAL BUSINESSES. TO HELP WITH GRANTS FOR SMALL BUSINESSES AFTER THE MARCH 14, 2024 EF3 TORNADO THAT DEVASTATED THE 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 (2024)

Revenue Breakdown

Contributions & Grants $193,815

Program Service Revenue $0

Investment Income $1

Other Revenue $100,898

TOTAL REVENUE $294,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,194

Fundraising Expenses $0

Program Expenses $136,620

Other Expenses $156,290

TOTAL EXPENSES $308,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$294,714	$124,887	+1.4%
Expenses	$308,484	$128,282	+1.4%
Net Income	$-13,770	$-3,395	+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	Hours/Week	Role	Reportable Comp	Other Comp	Total
KOLA GRANDI	CHAIR	2.00	Officer	$0	$0	$0
AMBER FAGAN	PRESIDENT	40.00	Officer	$0	$0	$0
BRENDON CUNNINGHAM	VICE CHAIR	2.00	Officer	$0	$0	$0
KRAIG BUFFENBARGER	SECRETARY	2.00	Officer	$0	$0	$0
RICK CORE	TREASURER	2.00	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	$294,714	$308,484	$43,617	$-13,770
2023	$124,887	$128,282	$61,820	$-3,395
2022	$142,870	$116,284	$71,193	$26,586
2021	$104,622	$112,613	$44,795	$-7,991
2020	$90,294	$91,967	$53,728	$-1,673
2019	$125,896	$120,842	$65,631	$5,054
2018	$100,756	$93,168	$59,352	$7,588