AMES CHAMBER OF COMMERCE INC (EIN 420623975) - 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

1946

Legal Domicile

Principal Officer

DANIEL CULHANE

Phone

5152322310

Tax Period

2023-01-01 to 2023-12-31

AMES CHAMBER OF COMMERCE INC, founded in 1946, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE AMES CHAMBER OF COMMERCE IS TO PROVIDE OUR MEMBERS SERVICES THAT STRENGTHEN THE ECONOMIC VITALITY IN AMES AND ENHANCE THE QUALITY OF LIFE IN OUR 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 $2,994,073

Program Service Revenue $686,789

Investment Income $11,120

Other Revenue $10,289

TOTAL REVENUE $3,702,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,971,540

Fundraising Expenses $0

Program Expenses $2,826,148

Other Expenses $1,859,816

TOTAL EXPENSES $3,831,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,702,271	$3,265,354	+0.1%
Expenses	$3,831,356	$3,267,438	+0.2%
Net Income	$-129,085	$-2,084	+60.9%

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

$322,147

Total Directors

$322,147

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL CULHANE	PRESIDENT/CEO	40.00	Officer Director	$293,999	$28,148	$322,147
EVAN JORGENSEN - FUEL PAST PRESIDEN	DIRECTOR	1.00	Director	$0	$0	$0
ANDY DUHN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GOODHUE AMS PAST CHAIR	DIRECTOR	1.00	Director	$0	$0	$0
JILL JANES	DIRECTOR	1.00	Director	$0	$0	$0
JASON JENNINGS	TREASURER	1.00	Officer Director	$0	$0	$0
ABBIE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DOUG RAGALLER	DIRECTOR	1.00	Director	$0	$0	$0
LAWRENCE CUNNINGHAM	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
TRACY DRURY	DIRECTOR	1.00	Director	$0	$0	$0
TANNER WINTERHOF - TAF PAST CHAIR	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MOSS	DIRECTOR	1.00	Director	$0	$0	$0
XENA JOLLY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF JANES	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NIKKI KYLE	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANDREW RICKLEFS	DIRECTOR	1.00	Director	$0	$0	$0
RANDY WOODBECK	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN SCHROEDER	DIRECTOR	1.00	Director	$0	$0	$0
STACEY WOODWARD	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE VOGEL	CHAIR	1.00	Officer Director	$0	$0	$0
TIM TRYON	DIRECTOR	1.00	Director	$0	$0	$0
TOYIA YOUNGER	DIRECTOR	1.00	Director	$0	$0	$0
BILL HUNT	CULTIVATION CORRIDOR	40.00	Highest	$184,853	$0	$184,853
BRENDA DRYER	SENIOR VICE PRESIDENT	40.00	Highest	$112,237	$7,396	$119,633
ERIC SMIDT	VICE PRESIDENT	40.00	Highest	$100,739	$22,829	$123,568

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	No data	No data	No data	No data
2023	$3,702,271	$3,831,356	$3,545,305	$-129,085
2022	$3,265,354	$3,267,438	$3,708,007	$-2,084
2021	$3,329,407	$2,832,506	$2,273,739	$496,901
2020	$2,807,793	$2,530,847	$1,829,593	$276,946
2019	$3,298,947	$2,571,310	$1,565,815	$727,637
2018	$2,349,310	$2,314,782	$844,247	$34,528

AMES CHAMBER OF COMMERCE INC