FORT MADISON AREA CHAMBER OF COMMERCE (EIN 420258210) - 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

1954

Legal Domicile

Principal Officer

SAVANNA COLLIER

Phone

3193725471

Tax Period

2024-01-01 to 2024-12-31

FORT MADISON AREA CHAMBER OF COMMERCE, founded in 1954, is a small nonprofit that reported $411K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

THE MISSION OF THE FORT MADISON CHAMBER OF COMMERCE IS TO PROMOTE RETAIL AND COMMERCIAL DEVELOPMENT AS WELL AS TOURISM IN FORT MADISON AND THE SURROUNDING 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 $150,894

Program Service Revenue $140,703

Investment Income $21,221

Other Revenue $98,383

TOTAL REVENUE $411,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,973

Fundraising Expenses $0

Program Expenses $128,935

Other Expenses $221,605

TOTAL EXPENSES $449,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$411,201	$485,656	-0.2%
Expenses	$449,578	$449,563	+0.0%
Net Income	$-38,377	$36,093	-2.1%

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

180

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

$141,775

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY GOBBLE	EXECUTIVE DI	40.00	Officer	$86,775	$0	$86,775
SAVANNA COLLIER	EXECUTIVE DI	40.00	Officer	$55,000	$0	$55,000
JUSTINA CULLEN	TREASURER	2.00	Director	$0	$0	$0
CAROL DELANEY	DIRECTOR	2.00	Director	$0	$0	$0
TOM GENDRON	DIRECTOR	2.00	Director	$0	$0	$0
MADALYN GRONEWOLD	DIRECTOR	2.00	Director	$0	$0	$0
COREY KELCH	DIRECTOR	2.00	Director	$0	$0	$0
ANGELA KING	PAST CHAIR	2.00	Officer Director	$0	$0	$0
MORGAN KOKJOHN	DIRECTOR	2.00	Director	$0	$0	$0
KIM MILLER	DIRECTOR	2.00	Director	$0	$0	$0
JESS SUTCLIFFE	DIRECTOR	2.00	Director	$0	$0	$0
DEREK SWAN	DIRECTOR	2.00	Director	$0	$0	$0
DARCIE UHLMEYER	DIRECTOR	2.00	Director	$0	$0	$0
RYAN WILSON	CHAIR	2.00	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
2025	No data	No data	No data	No data
2024	$411,201	$449,578	$527,854	$-38,377
2023	$485,656	$449,563	$551,513	$36,093
2022	$442,814	$385,727	$486,758	$57,087
2021	$419,301	$323,764	$472,527	$95,537
2020	$282,571	$260,638	$352,714	$21,933
2019	$293,995	$295,367	$324,790	$-1,372
2018	$298,889	$310,557	$303,163	$-11,668

FORT MADISON AREA CHAMBER OF COMMERCE