FRANKFORT CHAMBER OF COMMERCE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

DEAN VAUNDRY PRESIDENT

Phone

8154693356

Tax Period

2024-01-01 to 2024-12-31

FRANKFORT CHAMBER OF COMMERCE, founded in 1967, is a small nonprofit that reported $642K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

PROMOTE POSITIVE BUSINESS AND COMMUNITY GROWTH

Program Service Accomplishments

Program 1

Expenses: $301,671

ALLOCATION OF GENERAL AND ADMINISTRATIVE EXEPENSES

Program 2

Expenses: $128,096 Revenue: $295,466

ANNUAL FALL FESTIVAL AND CRAFT SHOW DESIGNED TO ENGAGE THE CHAMBER MEMBERS AND COMMUNITY. THE EVENT IS DESIGNED TO PROMOTE AREA BUSINESSES AND COMMUNITY

Program 3

Expenses: $73,070 Revenue: $120,435

VARIOUS ANNUAL EVENTS TO HELP CHAMBER MEMEBERS PROMOTE THEIR BUSINESS AND NETWORK WITH OTHER CHAMBER MEMBERS AND COMMUNITY BUSINESSES. SEE ATTACHED DETAILED SUPPORTING STATEMENTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $140,952

Program Service Revenue $451,486

Investment Income $49,434

Other Revenue $0

TOTAL REVENUE $641,872

Expense Breakdown

Grants Paid $22,790

Salaries & Benefits $283,082

Fundraising Expenses $0

Program Expenses $520,039

Other Expenses $331,707

TOTAL EXPENSES $637,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$641,872	$571,712	+0.1%
Expenses	$637,579	$531,555	+0.2%
Net Income	$4,293	$40,157	-0.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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
PAULINE MODJESKI	EXEC DIRECTOR	40.00	Highest	$100,950	$3,029	$103,979
JOHN COSGROVE	DIRECTOR	0.00	Director	$0	$0	$0
JAKE ALECK	DIRECTOR	0.00	Director	$0	$0	$0
JESSICA JAKUBOWSKI	DIRECTOR	0.00	Director	$0	$0	$0
KELLY GARVER	DIRECTOR	0.00	Director	$0	$0	$0
CHRIS GLATZ	DIRECTOR	0.00	Director	$0	$0	$0
GERRY GRIFFIN	DIRECTOR	0.00	Director	$0	$0	$0
KEN MULHERAN	DIRECTOR	0.00	Director	$0	$0	$0
DEAN VAUNDRY	PRESIDENT	0.00	Officer	$0	$0	$0
ROBERT KENNEDY	PAST PRESIDENT	0.00	Officer	$0	$0	$0
MIKE MITCHELL	TREASURER	0.00	Officer	$0	$0	$0
GINA PERSIANI	SECRETARY	0.00	Officer	$0	$0	$0
MIKE CARTOLANO	VICE PRESIDENT	0.00	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	$641,872	$637,579	$966,477	$4,293
2023	$571,712	$531,555	$948,936	$40,157
2023	$571,712	$531,555	$948,936	$40,157
2022	$408,447	$382,685	$907,405	$25,762
2021	$493,280	$306,748	$880,904	$186,532
2020	$278,714	$301,152	$703,456	$-22,438
2019	$497,742	$518,902	$727,045	$-21,160
2018	$500,091	$457,595	$698,049	$42,496