FREEPORT AREA CHAMBER OF COMMERCE

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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

1901

Legal Domicile

Principal Officer

CHRIS SCHNEIDERMAN

Phone

8152331350

Tax Period

2018-01-01 to 2018-12-31

FREEPORT AREA CHAMBER OF COMMERCE, founded in 1901, is a small nonprofit that reported $125K in total revenue in fiscal year 2018. Revenue fell 46% from the prior year — a significant decline worth monitoring.

Mission

TO PRESERVE THE COMPETITIVE ENTERPRISE SYSTEM OF BUSINESS AND TO PROMOTE BUSINESS AND COMMUNITY GROUP DEVELOPMENTS.

Program Service Accomplishments

Program 1

HELP FURTHER BUSINESS AND COMMUNITY GROUP DEVELOPMENTS. FURTHER PRESERVE THE COMPETITIVE ENTERPRISE SYSTEM.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $128,814

Investment Income $-4,290

Other Revenue $0

TOTAL REVENUE $124,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,855

Fundraising Expenses $0

Other Expenses $76,428

TOTAL EXPENSES $133,283

Year-over-Year Comparison

	2018	2017	Change
Revenue	$124,524	$230,854	-0.5%
Expenses	$133,283	$227,321	-0.4%
Net Income	$-8,759	$3,533	-3.5%

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
CHRIS SCHNEIDERMAN	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
JOE VASKE	DIRECTOR	1.00	Director	$0	$0	$0
GORDY WILLIAMS	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
CINDY WERKHEISER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WINTER	DIRECTOR	1.00	Director	$0	$0	$0
TODD FRANSEN	DIRECTOR	1.00	Director	$0	$0	$0
TERRI MUSSER	DIRECTOR	1.00	Director	$0	$0	$0
ROGER SDAO	DIRECTOR	1.00	Director	$0	$0	$0
NEAL TRAINER	AMBASSADOR P	1.00	Director	$0	$0	$0
SARAH GOEKE	CHAIR ELECT	1.00	Director	$0	$0	$0
TED FRITS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SCHIFFMAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ALEXA TALBERT	DIRECTOR	1.00	Director	$0	$0	$0
JOAN WELT	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
2018	$124,524	$133,283	$57,657	$-8,759