GENEVA 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

1950

Legal Domicile

Phone

6302326060

Tax Period

2025-01-01 to 2025-12-31

GENEVA CHAMBER OF COMMERCE, founded in 1950, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2025.

Mission

TO BE THE VOICE OF ITS MEMBERS AND THE BUSINESS COMMUNITY BY MAINTAINING AND MONITORING SELECTIVE PROGRAMS OF ACTION WHICH IDENTIFY ISSUES, PROVIDE SUPPORT IN AREAS OF ECONOMIC DEVELOPMENT, AND FOSTER COMMUNITY PRIDE AND RECOGNITION.

Program Service Accomplishments

Program 1

Expenses: $381,711 Revenue: $232,833

SWEDISH DAYS - PREPARATION AND MANAGEMENT OF A FIVE DAY FESTIVAL ENHANCING THE BUSINESS COMMUNITY. THIS ANNUAL EVENT ATTRACTS 325,000 TOURISTS AND VISITORS TO OUR BUSINESS COMMUNITY TO INCREASE...

SWEDISH DAYS - PREPARATION AND MANAGEMENT OF A FIVE DAY FESTIVAL ENHANCING THE BUSINESS COMMUNITY. THIS ANNUAL EVENT ATTRACTS 325,000 TOURISTS AND VISITORS TO OUR BUSINESS COMMUNITY TO INCREASE OPPORTUNITY FOR OUR MEMBERS TO GENERATE SALES AND CREATE AWARENESS. THE FESTIVAL ALSO STIMULATES LOCAL RESIDENT PARTICIPATION AND PROVIDES A VENUE FOR LOCAL NON-PROFITS TO SET UP FOOD BOOTHS, THE SALES FROM WHICH, IN MANY CASES, ARE THEIR ONLY SOURCE OF FUNDRAISING FOR THE YEAR.

Program 2

Expenses: $373,991 Revenue: $228,124

FESTIVAL OF THE VINE - ECONOMIC DEVELOPMENT THROUGH THE PROMOTION OF A CENTRAL BUSINESS DISTRICT IN CONJUNCTION WITH THE ORGANIZATION AND MANAGEMENT OF TENT FOODS SERVED BY RESTAURANT MEMBERS AS A...

FESTIVAL OF THE VINE - ECONOMIC DEVELOPMENT THROUGH THE PROMOTION OF A CENTRAL BUSINESS DISTRICT IN CONJUNCTION WITH THE ORGANIZATION AND MANAGEMENT OF TENT FOODS SERVED BY RESTAURANT MEMBERS AS A FAIRE WITH FAMILY AND CHILDREN'S ACTIVITIES INCLUDING LIVE ENTERTAINMENT, CRAFT AND ART SHOWS, WINE TASTING AND KIDS' GAMES. THE EVENT ATTRACTS 50,000 - 75,000 ATTENDEES.

Program 3

Expenses: $235,062 Revenue: $143,381

CHRISTMAS WALK - ECONOMIC DEVELOPMENT THROUGH THE PROMOTION OF THE CENTRAL BUSINESS DISTRICT AT THE START OF THE CHRISTMAS SALES SEASON ATTRACTING LOCAL RESIDENTS AND TOURISTS TO WALK A RECOMMENDED ROUTE VISITING MEMBER RETAILERS AND LOCAL RESIDENCES DECORATED IN THE HOLIDAY SPIRIT. STREET DECORATIONS IN THE FORM OF LIGHTED CHRISTMAS TREES AND WREATHS ARE UNDERWRITTEN BY THE ORGANIZATION AND INSTALLED BY CITY WORKERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $509,558

Program Service Revenue $723,803

Investment Income $92

Other Revenue $-9,499

TOTAL REVENUE $1,223,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $415,465

Fundraising Expenses $13,342

Program Expenses $1,186,616

Other Expenses $920,318

TOTAL EXPENSES $1,335,783

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,223,954	$1,261,990	0.0%
Expenses	$1,335,783	$1,602,761	-0.2%
Net Income	$-111,829	$-340,771	-0.7%

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

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

$89,133

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA SCHMIDT	president	40.00	Officer	$89,133	$0	$89,133
SCOTT DRUMHELLER	Secretary	2.00	Officer Director	$0	$0	$0
GEORGE HAVLICEK	Director	1.00	Director	$0	$0	$0
MARTHA SANCHEZ	Director	1.00	Director	$0	$0	$0
CHRISTINE LAZARIS	Director	1.00	Director	$0	$0	$0
NEIL JOHNSON	Director	1.00	Director	$0	$0	$0
VU NGUYEN	Director	1.00	Director	$0	$0	$0
MIKE SIMON	Director	1.00	Director	$0	$0	$0
BRUCE HEIDLAUF	Director	1.00	Director	$0	$0	$0
MICHAEL OLESEN	chair	2.00	Officer Director	$0	$0	$0
SUSAN HUANG	Treasurer	2.00	Officer Director	$0	$0	$0
CATHLEEN TYMOSZENKO	Director	1.00	Director	$0	$0	$0
ALICE BERARDI	Director	1.00	Director	$0	$0	$0
CHRIS WALLACE	Director	1.00	Director	$0	$0	$0
DR JEANINE MCMILLEN	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	$1,223,954	$1,335,783	$342,888	$-111,829
2024	No data	No data	No data	No data
2023	$1,725,858	$1,577,721	$989,395	$148,137
2022	$1,337,162	$1,330,564	$870,709	$6,598
2021	$1,025,373	$1,073,088	$935,357	$-47,715
2020	$720,878	$689,325	$953,015	$31,553
2019	$1,285,598	$1,460,648	$743,270	$-175,050
2018	$1,335,084	$1,226,170	$904,109	$108,914