PERHAM 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

1971

Legal Domicile

Principal Officer

CODY PALUBICKI

Phone

2183467710

Tax Period

2024-01-01 to 2024-12-31

PERHAM AREA CHAMBER OF COMMERCE, founded in 1971, is a small nonprofit that reported $478K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $409K left a modest 14% surplus.

Mission

PROMOTE ECONOMIC DEVELOPMENT

Program Service Accomplishments

Program 1

ADVERTISING FOR THE PROMOTION OF ECONOMIC DEVELOPMENT. PROMOTION AND SPECIAL EVENTS COMMITTEES TO PROMOTE BUSINESS IN THE PERHAM AREA. PERHAM BOOK TRAVEL GUIDE TO PROMOTE SHOPPING IN THE PERHAM AREA.

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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 $271,708

Program Service Revenue $73,023

Investment Income $2,451

Other Revenue $130,950

TOTAL REVENUE $478,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,661

Fundraising Expenses $0

Other Expenses $330,663

TOTAL EXPENSES $409,324

Year-over-Year Comparison

	2024	2023	Change
Revenue	$478,132	$367,705	+0.3%
Expenses	$409,324	$320,490	+0.3%
Net Income	$68,808	$47,215	+0.5%

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
JOEY BARTLETT	DIRECTOR	N/A	Director	$0	$0	$0
MACKENZIE BLUME	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
JAKE BOTHWELL	DIRECTOR	N/A	Director	$0	$0	$0
CASSANDRA HAHN	DIRECTOR	N/A	Director	$0	$0	$0
ETTA HANSON	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT LINDGREN	DIRECTOR	N/A	Director	$0	$0	$0
RACHEL NEU	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
CODY PALUBICKI	PRESIDENT	N/A	Officer Director	$0	$0	$0
COLE SCHMITZ	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW TISCHER	DIRECTOR	N/A	Director	$0	$0	$0
SANDRA WALDON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
NICK THEROX	SIGNATURE OF	N/A	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	$478,132	$409,324	$238,278	$68,808
2023	$367,705	$320,490	$171,777	$47,215
2022	$334,806	$289,972	$212,484	$44,834
2021	$280,327	$303,274	$266,511	$-22,947
2020	$301,024	$285,296	$164,989	$15,728
2019	$314,431	$319,469	$121,895	$-5,038
2018	$313,380	$321,167	$132,049	$-7,787