IOWA CITY AREA CHAMBER OF COMMERCE (EIN 420330530) - 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

1940

Legal Domicile

Principal Officer

NANCY BIRD

Phone

3193379637

Tax Period

2023-07-01 to 2024-06-30

IOWA CITY AREA CHAMBER OF COMMERCE, founded in 1940, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 329% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 3% surplus.

Mission

OUR MISSION IS TO INSPIRE THE IOWA CITY AREA TO BE GREATER BY: 1) ELEVATING BUSINESS, 2) INVESTING IN STRATEGIC INITIATIVES, AND 3) ADVOCATING FOR THE ECONOMIC RESILIENCY OF THE GREATER COMMUNITY.

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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 $1,497,284

Program Service Revenue $527,585

Investment Income $22,568

Other Revenue $1,871

TOTAL REVENUE $2,049,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,245,088

Fundraising Expenses $0

Other Expenses $737,864

TOTAL EXPENSES $1,982,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,049,308	$477,821	+3.3%
Expenses	$1,982,952	$459,231	+3.3%
Net Income	$66,356	$18,590	+2.6%

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

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

$308,716

Total Directors

$308,716

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY BIRD	PRESIDENT &	40.00	Officer Director	$168,598	$16,860	$185,458
MARY WILLIE	VICE PRESIDE	40.00	Officer Director	$96,295	$26,963	$123,258
PATRICE CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF FRUIN	DIRECTOR	1.00	Director	$0	$0	$0
KELLY HAYWORTH	DIRECTOR	1.00	Director	$0	$0	$0
ADAM KEUNE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS KLITGAARD	DIRECTOR	1.00	Director	$0	$0	$0
PETER MATTHES	DIRECTOR	1.00	Director	$0	$0	$0
TODD MEANS	TREASURER	2.00	Officer Director	$0	$0	$0
LISA SHILENY	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN THERME	CHAIR	2.00	Officer Director	$0	$0	$0
CAROLYN WALLACE	SECRETARY	2.00	Officer Director	$0	$0	$0
JENNIE WUNDERLICH	DIRECTOR	1.00	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	$2,049,308	$1,982,952	$2,228,784	$66,356
2022	$824,638	$838,107	$911,939	$-13,469
2021	$733,793	$725,349	$877,436	$8,444
2020	$605,429	$678,815	$819,706	$-73,386
2019	$636,645	$753,908	$552,019	$-117,263
2018	$681,880	$693,422	$669,282	$-11,542

IOWA CITY AREA CHAMBER OF COMMERCE