SPENCER CHAMBER OF COMMERCE (EIN 420537390) - 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

1932

Legal Domicile

Phone

7122625680

Tax Period

2023-10-01 to 2024-09-30

SPENCER CHAMBER OF COMMERCE, founded in 1932, is a small nonprofit that reported $303K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $414K exceeded revenue, resulting in a 37% operating deficit.

Mission

Promote civic, economic, industrial, and agricultural development. The association is committed to fostering an environment which creates jobs, enhances economic opportuinities, and improves the quality of life in the 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 (2023)

Revenue Breakdown

Contributions & Grants $235,521

Program Service Revenue $47,099

Investment Income $5,909

Other Revenue $14,420

TOTAL REVENUE $302,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $268,756

Fundraising Expenses $0

Program Expenses $18,750

Other Expenses $145,488

TOTAL EXPENSES $414,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,949	$381,117	-0.2%
Expenses	$414,244	$395,664	+0.0%
Net Income	$-111,295	$-14,547	+6.7%

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

500

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
EVAN KOOIKER	President	0.69	Officer Director	$0	$0	$0
JASON REMILLARD	Vice President	0.69	Officer Director	$0	$0	$0
CHRIS SELF	Director	0.69	Officer Director	$0	$0	$0
LORA ELSENBAST	Secretary	0.69	Officer Director	$0	$0	$0
ASHLEY BETZ-JONES	DIRECTOR	0.69	Director	$0	$0	$0
TIM GREENOUGH	Director	0.69	Director	$0	$0	$0
CLARISSA BIERSTEDT	Director	0.69	Director	$0	$0	$0
DAWN SASSMAN	Director	0.69	Director	$0	$0	$0
NICOLE NIMKE	Director	0.69	Director	$0	$0	$0
ROD MEENDERING	Treasurer	0.69	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	$302,949	$414,244	$255,120	$-111,295
2023	$381,117	$395,664	$228,268	$-14,547
2022	$340,627	$336,211	$239,977	$4,416
2021	$367,967	$312,768	$235,721	$55,199
2020	$288,536	$309,147	$180,116	$-20,611
2019	$317,276	$299,698	$238,081	$17,578
2018	$318,346	$292,683	$228,858	$25,663

SPENCER CHAMBER OF COMMERCE