East Edgewater Chamber of Commerce (EIN 363311042) - 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

1984

Legal Domicile

Principal Officer

Garrett Karp

Phone

7735616000

Tax Period

2023-01-01 to 2023-12-31

East Edgewater Chamber of Commerce, founded in 1984, is a small nonprofit that reported $369K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $343K left a modest 7% surplus.

Mission

The Edgewater Chamber of Commerce's mission is to create and support a thriving business environment, contributing to a vibrant Edgewater community. We present marketing, networking, education, and one-on-one assistance to businesses.

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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 $235,551

Program Service Revenue $46,738

Investment Income $0

Other Revenue $86,630

TOTAL REVENUE $368,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,773

Fundraising Expenses $0

Other Expenses $211,490

TOTAL EXPENSES $343,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,919	$311,114	+0.2%
Expenses	$343,263	$309,166	+0.1%
Net Income	$25,656	$1,948	+12.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maria Sigman	Secretary	1.00	Officer Director	$0	$0	$0
Dave Frederickson	Director	1.00	Director	$0	$0	$0
Kelly Stoltz	Director	1.00	Director	$0	$0	$0
Tim Harrington	Chair	1.00	Officer Director	$0	$0	$0
Troy McMillan	Vice Chair	1.00	Officer Director	$0	$0	$0
Cecilia Rodriguez	Treasurer	1.00	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	No data	No data	No data	No data
2023	$368,919	$343,263	$212,999	$25,656
2022	$311,114	$309,166	$168,701	$1,948
2021	$269,890	$291,632	$220,454	$-21,742
2020	$251,446	$281,671	$187,438	$-30,225

East Edgewater Chamber of Commerce