MANCHESTER AREA CHAMBER OF COMMERCE

EIN: 420655641

MANCHESTER, IA

Total Revenue
$125,728
Total Expenses
$121,668
Total Assets
$289,497
Net Assets
$241,770
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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
1944
Legal Domicile
IA
Principal Officer
DAVE WAKEFIELD
Phone
5639274141
Tax Period
2023-01-01 to 2023-12-31

MANCHESTER AREA CHAMBER OF COMMERCE, founded in 1944, is a small nonprofit that reported $126K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $122K left a modest 3% surplus.

Mission

PROMOTE THE BUSINESS COMMUNITY OF THE MANCHESTER 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $70,234
Program Service Revenue $66,123
Investment Income $1,226
Other Revenue $-11,855
TOTAL REVENUE $125,728

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,160
Fundraising Expenses $0
Other Expenses $55,508
TOTAL EXPENSES $121,668

Year-over-Year Comparison

2023 2022 Change
Revenue $125,728 $134,751 -0.1%
Expenses $121,668 $97,806 +0.2%
Net Income $4,060 $36,945 -0.9%
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

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Governance

Voting Members
11
Independent Members
N/A
Employees
2
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEANNA FANGMANN DIRECTOR N/A
Director
$0 $0 $0
LUCAS FANGMANN DIRECTOR N/A
Director
$0 $0 $0
VALERIE LINDSAY SECRETARY N/A
Director
$0 $0 $0
DAVE MONTGOMERY DIRECTOR N/A
Director
$0 $0 $0
TADD MOORMAN DIRECTOR N/A
Director
$0 $0 $0
NICOLE RILEY DIRECTOR N/A
Director
$0 $0 $0
LAURA SCHAROSCH DIRECTOR N/A
Director
$0 $0 $0
JADE SCHNEIDER DIRECTOR N/A
Director
$0 $0 $0
JULIE WOODS DIRECTOR N/A
Director
$0 $0 $0
KURT HEIMS PRESIDENT N/A
Officer
$0 $0 $0
LUKE IMSLAND TREASURER N/A
Officer
$0 $0 $0
CAITLYN SCHERBRING VICE PRESIDE N/A
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
2023 $125,728 $121,668 $289,497 $4,060
2022 $134,751 $97,806 $280,591 $36,945
2021 $117,595 $97,235 $246,861 $20,360
2020 $153,589 $108,584 $180,742 $45,005
2019 $184,166 $160,044 $134,237 $24,122
2018 $168,358 $161,345 $110,115 $7,013
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