GREATER BLOOMINGTON CHAMBER OF COM… - 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

1939

Legal Domicile

Principal Officer

ERIC SPOONMORE

Phone

8123366381

Tax Period

2023-09-01 to 2024-08-31

GREATER BLOOMINGTON CHAMBER OF COMMERCE INC, founded in 1939, is a small nonprofit that reported $844K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

THE GREATER BLOOMINGTON CHAMBER OF COMMERCE PROVIDES LEADERSHIP THROUGH MEMBER ENGAGEMENT, BUSINESS ADVOCACY AND CIVIC PARTNERSHIPS TO STRENGTHEN OUR COMMUNITY AND BUSINESS ENVIRONMENT.

Program Service Accomplishments

Program 1

THE GREATER BLOOMINGTON CHAMBER OF COMMERCE DELIVERED VALUE TO OUR MEMBERS ORGANIZATIONS AND COMMUNITY THROUGH A WIDE RANGE OF HIGH-IMPACT EVENTS, MEMBER PROGRAMMING, AND COORDINATED ADVOCACY...

THE GREATER BLOOMINGTON CHAMBER OF COMMERCE DELIVERED VALUE TO OUR MEMBERS ORGANIZATIONS AND COMMUNITY THROUGH A WIDE RANGE OF HIGH-IMPACT EVENTS, MEMBER PROGRAMMING, AND COORDINATED ADVOCACY INITIATIVES THAT ADVANCE THE QUALITY OF LIFE IN THE GREATER BLOOMINGTON 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 $21,221

Program Service Revenue $791,886

Investment Income $4,459

Other Revenue $26,536

TOTAL REVENUE $844,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $521,006

Fundraising Expenses $0

Other Expenses $336,387

TOTAL EXPENSES $857,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$844,102	$913,154	-0.1%
Expenses	$857,393	$831,563	+0.0%
Net Income	$-13,291	$81,591	-1.2%

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

220

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

$115,345

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC SPOONMORE	PRESIDENT & CEO	40.00	Officer	$111,304	$4,041	$115,345
SCOTT SHISHMAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DON WEILER	PAST BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ALYSSA WOOLARD	FIRST VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAVID FERGUSON	SECOND VICE CHAIR	2.00	Officer Director	$0	$0	$0
LESLIE ABSHIER	TREASURER/SECRETARY	2.00	Officer Director	$0	$0	$0
GALEN CASSADY	DIRECTOR	1.00	Director	$0	$0	$0
ERIK COYNE	DIRECTOR	1.00	Director	$0	$0	$0
PAT EAST	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA GITHIRI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HAUSER	DIRECTOR	1.00	Director	$0	$0	$0
JEN KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
AMY KETCHAM	DIRECTOR	1.00	Director	$0	$0	$0
DAN PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
JR RICKER	DIRECTOR	1.00	Director	$0	$0	$0
DENZIL ROSS	DIRECTOR	1.00	Director	$0	$0	$0
ANDY WALKER	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$844,102	$857,393	$621,910	$-13,291
2023	$913,154	$831,563	$615,187	$81,591
2022	$673,372	$773,160	$405,119	$-99,788
2021	$719,703	$725,418	$531,193	$-5,715
2020	$675,851	$799,636	$464,989	$-123,785
2019	$773,996	$781,422	$338,847	$-7,426
2018	$614,210	$647,129	$378,316	$-32,919

GREATER BLOOMINGTON CHAMBER OF COMMERCE INC