GREATER BLOOMINGTON CHAMBER OF COMMERCE FOUNDATION INC (EIN 352066449) - 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

1998

Legal Domicile

Principal Officer

ERIC SPOONMORE

Phone

8123366381

Tax Period

2023-09-01 to 2024-08-31

GREATER BLOOMINGTON CHAMBER OF COMMERCE FOUNDATION INC, founded in 1998, is a small nonprofit in the Education sector that reported $103K in total revenue in fiscal year 2023.

Mission

EDUCATIONAL AND OTHER CHARITABLE ACTIVITIES.

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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 $72,439

Program Service Revenue $28,975

Investment Income $2,034

Other Revenue $0

TOTAL REVENUE $103,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,224

Fundraising Expenses $0

Program Expenses $85,719

Other Expenses $42,300

TOTAL EXPENSES $109,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,448	$104,105	0.0%
Expenses	$109,524	$96,557	+0.1%
Net Income	$-6,076	$7,548	-1.8%

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

595

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

$115,345

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON WEILER	PAST CHAIR	0.50	Officer Director	$0	$0	$0
DAVID FERGUSON	2ND VICE CHAIR	0.50	Officer Director	$0	$0	$0
SCOTT SHISHMAN	CHAIR	0.50	Officer Director	$0	$0	$0
LESLIE ABSHIER	TREASURE/SECRETARY	0.50	Officer Director	$0	$0	$0
ERIC SPOONMORE	PRESIDENT	1.00	Officer Director	$0	$4,041	$115,345
ALYSSA WOOLARD	1ST VICE CHAIR	0.50	Officer 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
2024	$103,448	$109,524	$133,477	$-6,076
2023	$104,105	$96,557	$134,456	$7,548
2022	$87,041	$84,702	$157,516	$2,339
2021	$100,066	$86,706	$120,923	$13,360
2020	$96,126	$75,716	$117,573	$20,410
2019	$79,106	$62,524	$90,227	$16,582
2018	$65,294	$43,431	$73,878	$21,863

GREATER BLOOMINGTON CHAMBER OF COMMERCE FOUNDATION INC