IRON COUNTY CHAMBER OF COMMERCE (EIN 381487001) - 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

1955

Legal Domicile

Phone

9062653822

Tax Period

2024-01-01 to 2024-12-31

IRON COUNTY CHAMBER OF COMMERCE, founded in 1955, is a small nonprofit that reported $238K in total revenue in fiscal year 2024. Expenses of $224K left a modest 6% surplus.

Mission

ECONOMIC DEVELOPMENT AND COORDINATION OF CHAMBER MEMBER ASSISTANCE

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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 $127,646

Program Service Revenue $86,574

Investment Income $6,922

Other Revenue $16,557

TOTAL REVENUE $237,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,234

Fundraising Expenses $0

Program Expenses $76,632

Other Expenses $115,065

TOTAL EXPENSES $224,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,699	$227,130	+0.0%
Expenses	$224,299	$207,316	+0.1%
Net Income	$13,400	$19,814	-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

N/A

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
CATHY RICHARDSON	Director	2.00	Director	$0	$0	$0
SCOTT ABATTA	Director	2.00	Director	$0	$0	$0
NIKI HEBERT	Director	2.00	Director	$0	$0	$0
JOSEPH PARKER	Director	2.00	Director	$0	$0	$0
JUSTYN SKOLOSINSKI	Director	2.00	Director	$0	$0	$0
KEVIN SCHMUTZLER	Director	2.00	Director	$0	$0	$0
ANTHONY DALLAVALLE	Director	2.00	Director	$0	$0	$0
HANNAH GOODMAN	Treasurer	5.00	Officer	$0	$0	$0
MIKE BJORK	President	5.00	Officer	$0	$0	$0
RICK KINSEY	Secretary	5.00	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	$237,699	$224,299	$235,340	$13,400
2023	$227,130	$207,316	$187,443	$19,814
2022	$216,836	$166,692	$167,629	$50,144
2019	$194,574	$236,812	$1,577	$-42,238
2018	$173,479	$236,365	$35,321	$-62,886

IRON COUNTY CHAMBER OF COMMERCE