JACKSONVILLE AREA CHAMBER OF COMMERCE (EIN 370349950) - 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

1913

Legal Domicile

Principal Officer

LISA MUSCH

Phone

2172452174

Tax Period

2024-01-01 to 2024-12-31

JACKSONVILLE AREA CHAMBER OF COMMERCE, founded in 1913, is a small nonprofit that reported $394K in total revenue in fiscal year 2024. Expenses of $544K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO IMPROVE THE BUSINESS CLIMATE, PROMOTE ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE IN THE JACKSONVILLE AREA. THE JACKSONVILLE AREA CHAMBER OF COMMERCE ENCOURAGES BUSINESSES BY BUILDING RELATIONSHIPS TO CREATE A VIBRANT TOMORROW.

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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 (2024)

Revenue Breakdown

Contributions & Grants $38,463

Program Service Revenue $342,048

Investment Income $13,054

Other Revenue $0

TOTAL REVENUE $393,565

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $151,388

Fundraising Expenses $0

Other Expenses $382,913

TOTAL EXPENSES $544,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,565	$393,321	+0.0%
Expenses	$544,301	$327,621	+0.7%
Net Income	$-150,736	$65,700	-3.3%

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

$80,000

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA MUSCH	CHAMBER PRESIDENT AND BOAR	40.00	Officer Director	$80,000	$0	$80,000
MIKE HALSNE	PAST CHAIRPERSON	1.00	Officer Director	$0	$0	$0
NICOLE MEYER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ADAM WITHEE	TREASURER	1.00	Officer Director	$0	$0	$0
MERI JONES	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN WATTS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN ZINK	DIRECTOR	1.00	Director	$0	$0	$0
BECKY BAUMGART	DIRECTOR	1.00	Director	$0	$0	$0
BOB DAILEY	DIRECTOR	1.00	Director	$0	$0	$0
JASON FRICKE	DIRECTOR	1.00	Director	$0	$0	$0
JOE KAUFMANN	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN DWYER	DIRECTOR	1.00	Director	$0	$0	$0
JOE LOCKMAN	INCOMING CHAIR	1.00	Officer Director	$0	$0	$0
TINA COOP	DIRECTOR	1.00	Director	$0	$0	$0
KATIE DOYLE	DIRECTOR	1.00	Director	$0	$0	$0
COURT HAGER	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR HUFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
JAKE PRICE	DIRECTOR	1.00	Director	$0	$0	$0
KAYLA SHEEHAN	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MASON	DIRECTOR	1.00	Director	$0	$0	$0
BEV ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA MASON	DIRECTOR	1.00	Director	$0	$0	$0
BOBBIE MILLS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WALKER	DIRECTOR	1.00	Director	$0	$0	$0
TODD EVANS	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
2024	$393,565	$544,301	$408,829	$-150,736
2023	$393,321	$327,621	$562,504	$65,700
2022	$332,973	$298,389	$489,436	$34,584
2021	$374,650	$277,303	$457,239	$97,347
2020	$285,745	$259,789	$359,787	$25,956
2019	$268,703	$256,562	$333,917	$12,141
2018	$277,737	$285,115	$321,610	$-7,378

JACKSONVILLE AREA CHAMBER OF COMMERCE