SPARTA AREA CHAMBER OF COMMERCE (EIN 390810901) - 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

1937

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SPARTA AREA CHAMBER OF COMMERCE, founded in 1937, is a small nonprofit that reported $431K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATIONS PRIMARY EXEMPT PURPOSE IS TO FOSTER COMMUNITY PROSPERITY AND IMPROVE THE QUALITY OF LIFE THROUGH COOPERATION, PROMOTION, EDUCATION AND ACTIVE LEADERSHIP, AND TO ENHANCE ECONOMIC BENEFITS AND PROVIDE NETWORKING OPPORTUNITIES FOR MEMBERS.

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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 $42,008

Program Service Revenue $318,709

Investment Income $618

Other Revenue $69,219

TOTAL REVENUE $430,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,544

Fundraising Expenses $0

Program Expenses $432,124

Other Expenses $318,414

TOTAL EXPENSES $456,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$430,554	$385,171	+0.1%
Expenses	$456,958	$351,091	+0.3%
Net Income	$-26,404	$34,080	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW HELLMAN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
BEAU BURLINGAME	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
HEIDI PRESTWOOD FUNKHOUSER	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
QUINT SCHAITEL	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ERIC SOLDBERG	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
TRENT ZIEGLER	PRESIDENT	3.00	Officer Director	$0	$0	$0
REINHARD MUELLER	PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
DOUG BILLINGS	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
LANCE HAUSER	PRESIDENT ELECT	3.00	Officer Director	$0	$0	$0
TIM KRAUSS	DIRECTOR	1.00	Officer	$0	$0	$0
COY STOVALL	DIRECTOR	1.00	Officer	$0	$0	$0
CASSY DIERCKS	DIRECTOR	1.00	Officer	$0	$0	$0
JOHN LOGSDON	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$430,554	$456,958	$135,291	$-26,404
2022	$385,171	$351,091	$151,059	$34,080
2021	$266,727	$247,126	$103,737	$19,601
2020	$231,551	$247,977	$74,653	$-16,426
2019	$268,503	$314,317	$90,912	$-45,814
2018	$306,245	$271,153	$136,069	$35,092

SPARTA AREA CHAMBER OF COMMERCE