CARMI 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

1945

Legal Domicile

Principal Officer

KATELYNE WOLFF

Phone

6183827606

Tax Period

2024-01-01 to 2024-12-31

CARMI CHAMBER OF COMMERCE, founded in 1945, is a micro nonprofit that reported $75K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23K, a strong 31% operating margin.

Mission

TO PROVIDE BUSINESS AND ECONOMIC DEVELOPMENT OPPORTUNITIES FOR THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $36,060 Revenue: $34,416

CHAMBER OF COMMERCE MEETS REGULARLY AND CONDUCTS VARIOUS FUNDRAISERS IN ORDER TO PROMOTE BUSINESS IN THE 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 (2024)

Revenue Breakdown

Contributions & Grants $14,023

Program Service Revenue $29,308

Investment Income $4,806

Other Revenue $26,652

TOTAL REVENUE $74,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,337

Fundraising Expenses $0

Program Expenses $36,060

Other Expenses $27,010

TOTAL EXPENSES $51,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,789	$50,365	+0.5%
Expenses	$51,347	$53,893	0.0%
Net Income	$23,442	$-3,528	-7.6%

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

N/A

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
MEGAN NEWMAN	EXECUTIVE DIRECTOR	24.00	Director	$0	$0	$0
KATELYNE WOLFF	PRESIDENT	1.00	Officer	$0	$0	$0
LUKE SAILER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
BETH CONNER	SECRETARY	1.00	Officer	$0	$0	$0
JEREMY JORDAN	TREASURER	1.00	Officer	$0	$0	$0
ABBY WEISS	PAST PRESIDENT	1.00	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
2025	No data	No data	No data	No data
2024	$74,789	$51,347	$124,404	$23,442
2023	$50,365	$53,893	$101,056	$-3,528
2022	$45,150	$55,345	$104,014	$-10,195
2021	$54,148	$42,096	$112,762	$12,052
2020	$32,199	$30,335	$108,917	$1,864
2019	$34,051	$38,881	$99,878	$-4,830
2018	$44,475	$43,855	$105,311	$620
2017	$44,129	$44,411	$105,167	$-282