WHEATON 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

1958

Legal Domicile

Principal Officer

JILL MASON

Phone

6306686464

Tax Period

2023-01-01 to 2023-12-31

WHEATON CHAMBER OF COMMERCE, founded in 1958, is a small nonprofit that reported $248K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $286K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE WHEATON CHAMBER IS DEDICATED TO THE SUCCESS OF THE BUSINESS COMMUNITY THROUGH LEADERSHIP, EDUCATION AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $105,137 Revenue: $210,051

THE WHEATON CHAMBER SPONSORS AND RUNS VARIOUS EVENTS AND ACTIVITIES THROUGHOUT THE YEAR WHICH PROMOTE THE CITY OF WHEATON AND ITS ENTIRE BUSINESS COMMUNITY.

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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 $9,725

Program Service Revenue $210,051

Investment Income $22,839

Other Revenue $4,911

TOTAL REVENUE $247,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,692

Fundraising Expenses $0

Program Expenses $105,137

Other Expenses $144,510

TOTAL EXPENSES $286,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,526	$641,767	-0.6%
Expenses	$286,202	$202,624	+0.4%
Net Income	$-38,676	$439,143	-1.1%

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

$79,633

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZANNE ROYER	IMMEDIATE PA	1.00	Officer	$0	$0	$0
LULU HERTENSTEIN	CHAIR-2023	2.00	Officer	$0	$0	$0
JILL MASON	CHAIRPERSON	2.00	Officer	$0	$0	$0
HELEN DEMSHER	TREASURER	1.00	Officer	$0	$0	$0
CHRISTINE FENNE	DIRECTOR	0.50	Director	$0	$0	$0
ERICA LOIACONO	DIRECTOR	0.50	Director	$0	$0	$0
CHAD PEDIGO	DIRECTOR	0.50	Director	$0	$0	$0
STACIE DOVALOVSKY	DIRECTOR	0.50	Director	$0	$0	$0
MIKE DYER	DIRECTOR	0.50	Director	$0	$0	$0
JOSHUA LEDERMAN	DIRECTOR	0.50	Director	$0	$0	$0
JUAN RUBIO	DIRECTOR	0.50	Director	$0	$0	$0
CARL ALSTON	DIRECTOR	0.50	Director	$0	$0	$0
VICKIE AUSTIN	PRESIDENT-IN	40.00	Officer	$71,550	$8,083	$79,633
JAMIE MAYFIELD	PRESIDENT- C	40.00	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	No data	No data	No data	No data
2023	$247,526	$286,202	$551,412	$-38,676
2022	$641,767	$202,624	$599,799	$439,143
2021	$203,739	$182,879	$329,811	$20,860
2020	$121,253	$163,037	$314,866	$-41,784
2019	$216,182	$201,160	$370,555	$15,022
2018	$237,219	$223,064	$361,763	$14,155