FLUSHING AREA 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

1951

Legal Domicile

Principal Officer

LEEALAN WEDDEL

Phone

8106594141

Tax Period

2023-01-01 to 2023-12-31

FLUSHING AREA CHAMBER OF COMMERCE, founded in 1951, is a small nonprofit that reported $227K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $218K left a modest 4% surplus.

Mission

PROMOTE THE COMMUNITY OF FLUSHING

Program Service Accomplishments

Program 1

TO CREATE BUSINESS OPPORTUNITIES, PROMOTE DIVERSITY AND ADVOCACY EFFORTS IN THE FLUSHING COMMUNITY, AND SUPPORT ECONOMIC GROWTH AND VITALITY THROUGH EVENTS SUCH AS THE CANDLEWALK, CONCERTS IN THE...

TO CREATE BUSINESS OPPORTUNITIES, PROMOTE DIVERSITY AND ADVOCACY EFFORTS IN THE FLUSHING COMMUNITY, AND SUPPORT ECONOMIC GROWTH AND VITALITY THROUGH EVENTS SUCH AS THE CANDLEWALK, CONCERTS IN THE PARK, AND THE WALLEYE FESTIVAL.

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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 $0

Program Service Revenue $220,559

Investment Income $862

Other Revenue $5,934

TOTAL REVENUE $227,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,312

Fundraising Expenses $0

Other Expenses $134,519

TOTAL EXPENSES $217,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$227,355	$208,793	+0.1%
Expenses	$217,831	$186,942	+0.2%
Net Income	$9,524	$21,851	-0.6%

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

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

$21,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOBI WILLIAMS	PRESIDENT	1.50	Officer Director	$0	$0	$0
BILL BURGESS	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
LEEALAN WEDDEL	TREASURER	1.50	Officer Director	$0	$0	$0
MARY SMITH	SECRETARY	1.50	Officer Director	$0	$0	$0
LINDSAY CATERER ZOFCHAK	DIRECTOR	1.50	Director	$0	$0	$0
MARI BROOKS	DIRECTOR	1.50	Director	$0	$0	$0
JUDY WALLING	DIRECTOR	1.50	Director	$0	$0	$0
MATT SHANAFELT	DIRECTOR	1.50	Director	$0	$0	$0
LYNDSIE COOK	DIRECTOR	1.50	Director	$0	$0	$0
SUSAN LITTLE	EXECUTIVE DI	40.00	Officer	$21,700	$0	$21,700
JACOB SMITH ENDED	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
SANDY CHURCH ENDED	TREASURER	1.50	Officer Director	$0	$0	$0
RICH SIEGEL ENDED	DIRECTOR	1.50	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	No data	No data	No data	No data
2023	$227,355	$217,831	$141,025	$9,524
2022	$208,793	$186,942	$112,817	$21,851