WASHINGTON CHAMBER OF COMMERCE (EIN 370985329) - 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

1959

Legal Domicile

Principal Officer

CHEVIE KRIETE

Phone

3094449921

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON CHAMBER OF COMMERCE, founded in 1959, is a small nonprofit that reported $173K in total revenue in fiscal year 2018. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $156K left a modest 10% surplus.

Mission

THE WASHINGTON CHAMBER OF COMMERCE IS THE MOTIVATING FORCE IN COORDINATING, LEADING, AND PROMOTING EXISTING AND FUTURE BUSINESS DEVELOPMENT, ECONOMIC DIVERSITY, AND TOURISM. THE CHAMBER STRIVES TO ENHANCE THE QUALITY OF LIFE THROUGH PROGRAMS, SERVICES, COMMUNITY DEVELOPMENT, RECOGNITION, AND PRIDE.

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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 $72,225

Program Service Revenue $11,250

Investment Income $197

Other Revenue $11,643

TOTAL REVENUE $95,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,354

Fundraising Expenses $0

Other Expenses $39,419

TOTAL EXPENSES $122,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,315	$114,222	-0.2%
Expenses	$122,773	$151,937	-0.2%
Net Income	$-27,458	$-37,715	-0.3%

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

100

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

$36,495

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
KAREN BEVERLIN	DIRECTOR	2.00	Director	$0	$0	$0
JON OLIPHANT	DIRECTOR	2.00	Director	$0	$0	$0
KRIS HASTEN	DIRECTOR	2.00	Director	$0	$0	$0
MIKE HERZOG	PRESIDENT	2.00	Officer Director	$0	$0	$0
TINA GLIDEWELL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHEVIE KRIETE	EXECUTIVE DIRECTOR	40.00	Officer	$36,495	$0	$36,495

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	$95,315	$122,773	$114,485	$-27,458
2022	$114,222	$151,937	$145,053	$-37,715
2021	$122,118	$134,276	$181,423	$-12,158
2020	$126,388	$162,081	$171,620	$-35,693
2019	$142,947	$144,585	$150,949	$-1,638
2018	$173,118	$156,308	$129,513	$16,810

WASHINGTON CHAMBER OF COMMERCE