CHELSEA AREA CHAMBER OF COMMERCE (EIN 382635765) - 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

1981

Legal Domicile

Principal Officer

TERRIS AHRENS

Phone

7344751145

Tax Period

2024-01-01 to 2024-12-31

CHELSEA AREA CHAMBER OF COMMERCE, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $372K in total revenue in fiscal year 2024. Expenses of $353K left a modest 5% surplus.

Mission

TO PROVIDE SERVCIES THAT ADVANCE COMMERCE TO ESTABLISH AND MAINTAIN CHELSEA AS A PREMIER COMMUNITY IN WHICH TO LIVE, WORK AND RECREATE.

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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 $0

Program Service Revenue $285,507

Investment Income $2,685

Other Revenue $83,842

TOTAL REVENUE $372,034

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,050

Fundraising Expenses $24,536

Other Expenses $211,261

TOTAL EXPENSES $353,311

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,034	$372,471	0.0%
Expenses	$353,311	$349,067	+0.0%
Net Income	$18,723	$23,404	-0.2%

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

$72,870

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRIS AHRENS	EXECUTIVE DI	40.00	Officer	$72,870	$0	$72,870
THERESA BOLDA	DIRECTOR	2.00	Director	$0	$0	$0
MARTY COLBURN	DIRECTOR	2.00	Director	$0	$0	$0
LORI CORYELL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JAKE DIVER	DIRECTOR	2.00	Director	$0	$0	$0
TODD DZIOBAK	DIRECTOR	2.00	Director	$0	$0	$0
JOE LEDBETTER	DIRECTOR	2.00	Director	$0	$0	$0
STUART MANN	TREASURER	2.00	Officer Director	$0	$0	$0
BENJAMIN MILES	DIRECTOR	2.00	Director	$0	$0	$0
LORNA TACKWELL	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL KAPOLKA	SECRETARY	2.00	Officer	$0	$0	$0
PAUL SCHISSLER	PRESIDENT	2.00	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	$372,034	$353,311	$217,271	$18,723
2023	$372,471	$349,067	$198,941	$23,404
2022	$317,870	$238,735	$175,883	$79,135
2021	$177,502	$129,139	$90,193	$48,363
2020	$104,734	$106,230	$57,516	$-1,496
2019	$98,089	$114,063	$59,153	$-15,974

CHELSEA AREA CHAMBER OF COMMERCE