FAIRFIELD AREA CHAMBER OF COMMERCE (EIN 420239943) - 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

1927

Legal Domicile

Principal Officer

MENDY MCADAMS

Phone

6414722111

Tax Period

2023-01-01 to 2023-12-31

FAIRFIELD AREA CHAMBER OF COMMERCE, founded in 1927, is a small nonprofit that reported $122K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $158K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROMOTE LOCAL BUSINESSES AND BUSINESS DEVELOPMENT IN FAIRFIELD, IOWA

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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 $81,678

Program Service Revenue $133

Investment Income $7,711

Other Revenue $32,635

TOTAL REVENUE $122,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,442

Fundraising Expenses $31,797

Other Expenses $43,558

TOTAL EXPENSES $158,000

Year-over-Year Comparison

	2023	2022	Change
Revenue	$122,157	$138,901	-0.1%
Expenses	$158,000	$138,289	+0.1%
Net Income	$-35,843	$612	-59.6%

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

183

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

$72,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE LATHROP	DIRECTOR	0.50	Director	$0	$0	$0
RYAN HOLTHUS	DIRECTOR	0.50	Director	$0	$0	$0
CLAIRE REID	DIRECTOR	0.50	Director	$0	$0	$0
JILL KORDICK	DIRECTOR	0.50	Director	$0	$0	$0
JEFF RING	DIRECTOR	0.50	Director	$0	$0	$0
MARK SWAN	DIRECTOR	0.50	Director	$0	$0	$0
DAVIS LOWENBERG	DIRECTOR	0.50	Director	$0	$0	$0
RYAN SWANSON	DIRECTOR	0.50	Director	$0	$0	$0
ALEX SIMMONS	TREASURER	0.50	Officer	$0	$0	$0
JASON DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL PARKER	PRESIDENT	0.50	Officer	$0	$0	$0
DENISE HALL	VICE PRESIDENT	0.50	Officer	$0	$0	$0
JONEANE PARKER	DIRECTOR	0.00	Director	$0	$0	$0
MENDY MCADAMS	EXECUTIVE DIRECTOR & SECRETARY	40.00	Officer Highest	$72,500	$0	$72,500

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	$122,157	$158,000	$383,161	$-35,843
2022	$138,901	$138,289	$409,037	$612
2021	$210,224	$123,326	$451,886	$86,898
2020	$157,933	$146,210	$345,831	$11,723
2019	$184,807	$158,506	$326,677	$26,301
2018	$152,249	$152,145	$275,390	$104

FAIRFIELD AREA CHAMBER OF COMMERCE