MANCHESTER AREA 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

1944

Legal Domicile

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.

Program Service Accomplishments

Program 1

THE CHAMBER CONDUCTS VARIOUS PROMOTIONS INCLUDING AN ANNUAL DINNER, AG FARM SAFETY DAY, AMBASSADORS VISITS, ETC IN AN EFFORT TO ATTRACT NEW BUSINESSES AND RESIDENTS.

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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 $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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

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