WASHINGTON CHAMBER OF COMMERCE

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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

1985

Legal Domicile

Principal Officer

PATTY ELLIOTT

Phone

3196533272

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON CHAMBER OF COMMERCE, founded in 1985, is a small nonprofit that reported $207K in total revenue in fiscal year 2024.

Mission

BUSINESS RETENTION AND DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $101,647

ATTRACT NEW BUSINESS IN ORDER TO STRENGTHEN LOCAL ECONOMY SERVE THE NEEDS OF EXISTING BUSINESSES BY OFFERING PROMOTIONS AND MEMBER SERVICES VISITOR & TOURISM, WELCOME CENTER, COMMUNITY EVENTS

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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 $103,652

Program Service Revenue $1,908

Investment Income $6,324

Other Revenue $95,163

TOTAL REVENUE $207,047

Expense Breakdown

Grants Paid $2,330

Salaries & Benefits $148,228

Fundraising Expenses $0

Program Expenses $101,647

Other Expenses $61,034

TOTAL EXPENSES $211,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,047	$195,433	+0.1%
Expenses	$211,592	$205,155	+0.0%
Net Income	$-4,545	$-9,722	-0.5%

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

N/A

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

$81,302

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL MININO	DIRECTOR	1.00	Director	$0	$0	$0
MILLIE YOUNGQUIST	DIRECTOR	1.00	Director	$0	$0	$0
VICKI HALL	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
LEE IBEN	DIRECTOR	1.00	Director	$0	$0	$0
JARON ROSIEN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC BUCHHOLZ	PAST PRESIDENT	1.00	Director	$0	$0	$0
PATTY ELLIOTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY KLEESE	SECRETARY	1.00	Officer Director	$0	$0	$0
GRETA CLEMONS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE REDLINGER	CHAMBER DIRECTOR	40.00	Officer	$81,302	$0	$81,302

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	$207,047	$211,592	$311,857	$-4,545
2024	$195,433	$205,155	$294,993	$-9,722
2023	$194,305	$211,468	$290,049	$-17,163
2022	$203,952	$204,055	$293,693	$-103
2021	$186,969	$171,617	$309,789	$15,352
2020	$175,002	$176,674	$265,545	$-1,672
2019	$186,453	$178,614	$258,809	$7,839