ORANGE CITY, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHAMBER OF COMMERCE OF ORANGE CITY, founded in 1936, is a small nonprofit that reported $187K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $259K exceeded revenue, resulting in a 38% operating deficit.
THE CHAMBER IS A NON-PROFIT, VOLUNTARY ORGANIZATION OF INDIVIDUALS AND BUSINESSES THAT JOIN TOGETHER TO ADVANCE OUR COMMUNITY IN ALL AREAS. THE CHAMBER IS MANY THINGS TO MANY PEOPLE: A CIVIC CLEARING-HOUSE; A PUBLIC RELATIONS COUNSELOR; AN INFORMATION BUREAU; A RESEARCH AND PROMOTIONAL MEDIUM.
THE ACTIVITIES OF THE CHAMBER ARE DETERMINED BY COMMUNITY DEVELOPMENT GOALS AS ORIGINATED BY THE MEMBERSHIP AND COMMITTEES, ADOPTED BY THE BOARD OF DIRECTORS, USUALLY IN THE FORM OF PROGRAM OF WORK...
THE ACTIVITIES OF THE CHAMBER ARE DETERMINED BY COMMUNITY DEVELOPMENT GOALS AS ORIGINATED BY THE MEMBERSHIP AND COMMITTEES, ADOPTED BY THE BOARD OF DIRECTORS, USUALLY IN THE FORM OF PROGRAM OF WORK RESPONSIBILITY FOR THE PROGRAM ACHIEVEMENT IS DELEGATED TO ONE OF A NUMBER OF COMMITTEES. EACH COMMITTEE HAS ITS OWN SPECIFIC PURPOSE OF FUNCTION AND HAS A CHAIRMAN WHICH CALLS MEETINGS AS NEEDED OR MONTHLY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $187,443 | $216,710 | -0.1% |
| Expenses | $258,898 | $185,697 | +0.4% |
| Net Income | $-71,455 | $31,013 | -3.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MIKE HOFMAN | EXECUTIVE DI | 40.00 |
Officer
Director
|
$106,893 | $20,396 | $127,289 |
| MONICA AALBERS | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARIE HOFMEYER | CHAIRPERSON | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ETHAN HUIZENGA | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| CHRIS IMMEKER | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| RYAN MCEWEN | CITY REPRESE | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATT WEG | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $187,443 | $258,898 | $77,036 | $-71,455 |
| 2022 | $216,710 | $185,697 | $178,841 | $31,013 |
| 2021 | $239,679 | $215,589 | $95,916 | $24,090 |
| 2020 | $402,788 | $339,119 | $75,435 | $63,669 |
| 2019 | $274,083 | $282,262 | $37,978 | $-8,179 |
| 2018 | $286,956 | $297,610 | $44,257 | $-10,654 |
Compare CHAMBER OF COMMERCE OF ORANGE CITY with other nonprofits in Iowa and across the country.