LITCHFIELD CHAMBER OF COMMERCE (EIN 410730086) - 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

1955

Legal Domicile

Principal Officer

REBECCA RUE

Phone

3206938184

Tax Period

2023-01-01 to 2023-12-31

LITCHFIELD CHAMBER OF COMMERCE, founded in 1955, is a small nonprofit that reported $182K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $29K, a strong 16% operating margin.

Mission

PROMOTE BUSINESS ACTIVITY IN LITCHFIELD

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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 $1,200

Program Service Revenue $114,465

Investment Income $185

Other Revenue $66,283

TOTAL REVENUE $182,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,909

Fundraising Expenses $0

Other Expenses $61,597

TOTAL EXPENSES $153,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,133	$151,869	+0.2%
Expenses	$153,506	$159,378	0.0%
Net Income	$28,627	$-7,509	-4.8%

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
STEPHANIE DANIELSON	DIRECTOR	1.00	Director	$0	$0	$0
TIM ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
BRANDY FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
DAWN JANSEN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BETH KANNAS	DIRECTOR	1.00	Director	$0	$0	$0
SARAH KERN	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE LARSON	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
RICK BEECROFT	VICE PRESIDE	1.00	Officer	$0	$0	$0
TERESA CARLSON	TREASURER	1.00	Officer	$0	$0	$0
REBECCA RUE	PRESIDENT	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	$182,133	$153,506	$191,929	$28,627
2022	$151,869	$159,378	$160,496	$-7,509
2021	$170,556	$121,477	$190,269	$49,079
2020	$151,563	$116,384	$143,937	$35,179
2019	$132,269	$123,689	$83,877	$8,580
2018	$137,306	$134,780	$79,256	$2,526

LITCHFIELD CHAMBER OF COMMERCE