Verona Area Chamber of Commerce Inc (EIN 391505610) - 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

1965

Legal Domicile

Principal Officer

LEMOYNE JORDAN

Phone

6088455777

Tax Period

2024-01-01 to 2024-12-31

Verona Area Chamber of Commerce Inc, founded in 1965, is a small nonprofit in the Community Improvement sector that reported $581K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

ECONOMIC DEVELOPMENT AND PLANNING, TOURIST INFORMATION CENTER, AND BUSINESS ADVOCACY.

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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 $315,000

Program Service Revenue $180,467

Investment Income $0

Other Revenue $85,242

TOTAL REVENUE $580,709

Expense Breakdown

Grants Paid $48,053

Salaries & Benefits $194,131

Fundraising Expenses $0

Other Expenses $341,118

TOTAL EXPENSES $583,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$580,709	$616,586	-0.1%
Expenses	$583,302	$607,190	0.0%
Net Income	$-2,593	$9,396	-1.3%

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

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

$80,741

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEMOYNE JORDAN	Executive Dir.	40.00	Officer	$80,741	$0	$80,741
WENDY JIRSA Past President	Director	2.00	Director	$0	$0	$0
JASON HUNT	Secretary	2.00	Officer Director	$0	$0	$0
CRAIG SCHMIDT	Treasurer	2.00	Officer Director	$0	$0	$0
CORI BOTT	Director	1.00	Director	$0	$0	$0
DR TREMAYNE CLARDY	Director	1.00	Director	$0	$0	$0
CHARLIE EGGEN	Director	1.00	Director	$0	$0	$0
JASON GEIGER	Director	1.00	Director	$0	$0	$0
MARK HEWITT	Vice President	2.00	Officer Director	$0	$0	$0
SARA HOECHST	Director	1.00	Director	$0	$0	$0
KEN KRAHN	Director	1.00	Director	$0	$0	$0
TARA OSTERHOLZ	Director	1.00	Director	$0	$0	$0
KASSIE GORSKI	President	2.00	Officer 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	$580,709	$583,302	$424,283	$-2,593
2023	$616,586	$607,190	$418,204	$9,396
2022	$492,479	$508,357	$371,132	$-15,878
2021	$290,338	$403,358	$377,421	$-113,020
2020	$521,188	$418,446	$518,718	$102,742
2019	$505,509	$505,654	$442,242	$-145
2018	$436,757	$361,608	$421,333	$75,149

Verona Area Chamber of Commerce Inc