IOWA CITY AREA CHAMBER OF COMMERCE

EIN: 420330530

IOWA CITY, IA

Total Revenue
$2,049,308
Total Expenses
$1,982,952
Total Assets
$2,228,784
Net Assets
$1,353,936
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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
IA
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.

Program Service Accomplishments

Program 1

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%)

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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

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Governance

Voting Members
13
Independent Members
13
Employees
11
Volunteers
60

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
5
$308,716
Total Directors
13
$308,716
Key Employees
0
$0
Highest Compensated
0
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
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