URBANDALE 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

1962

Legal Domicile

Phone

5153316855

Tax Period

2023-01-01 to 2023-12-31

URBANDALE CHAMBER OF COMMERCE, founded in 1962, is a small nonprofit that reported $594K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE URBANDALE CHAMBER'S MISSION IS TO SERVE, PROTECT AND PROMOTE MEMBER BUSINESSES.

Program Service Accomplishments

Program 1

THE CHAMBER SPONSORS EDUCATIONAL BUSINESS CONFERENCES, INCLUDING TOPICS SUCH AS MANAGERIAL TRAINING, LEADERSHIP, NETWORKING SKILLS, HUMAN RELATIONS, AND OTHER OPPORTUNITIES.

Program 2

THE CHAMBER ORGANIZES BUSINESS LUNCHEONS, EDUCATIONAL CLASSES CALLED CIB ACADEMY AND NETWORKING EVENTS TO EDUCATE AND PROVIDE NETWORKING OPPORTUNITIES WITH OTHER BUSINESSES, LEARN ABOUT CURRENT...

THE CHAMBER ORGANIZES BUSINESS LUNCHEONS, EDUCATIONAL CLASSES CALLED CIB ACADEMY AND NETWORKING EVENTS TO EDUCATE AND PROVIDE NETWORKING OPPORTUNITIES WITH OTHER BUSINESSES, LEARN ABOUT CURRENT PROFESSIONAL TOPICS, AND ALLOW MEMBERS TO PROMOTE THEIR BUSINESSES.

Program 3

THE CHAMBER HOSTS AN ANNUAL EVENT CALLED SAMPLE URBANDALE - A CELEBRATION OF BUSINESS. THIS EVENT GIVES MEMBER RESTAURANTS AN OPPORTUNITY TO SHOWCASE THEIR CULINARY SKILLS TO CHAMBER MEMBERS AND THE GENERAL PUBLIC. THE CELEBRATION HONORS A BUSINESS OF THE YEAR, SMALL BUSINESS OF THE YEAR, CONNECTOR OF THE YEAR, YOUNG PROFESSIONAL OF THE YEAR, CITIZEN OF THE YEAR, AND HALL OF FAME INDUCTEE. MEMBER BUSINESSES ARE SELECTED AS THE BEST OF CLASS IN THEIR RESPECTIVE CATEGORY OF BUSINESS.

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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 $470,319

Program Service Revenue $77,078

Investment Income $5,716

Other Revenue $40,445

TOTAL REVENUE $593,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $398,307

Fundraising Expenses $0

Other Expenses $148,679

TOTAL EXPENSES $595,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$593,558	$524,844	+0.1%
Expenses	$595,462	$494,176	+0.2%
Net Income	$-1,904	$30,668	-1.1%

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

100

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

$177,074

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	40.00	Officer	$107,211	$0	$107,211
N/A	VICE PRESIDE	40.00	Officer	$69,863	$0	$69,863
N/A	CHAIR	8.00	Officer Director	$0	$0	$0
N/A	VICE CHAIR	8.00	Officer Director	$0	$0	$0
N/A	PAST CHAIR	8.00	Officer Director	$0	$0	$0
N/A	TREASURER	8.00	Officer Director	$0	$0	$0
N/A	DIRECTOR	2.00	Director	$0	$0	$0
N/A	DIRECTOR	2.00	Director	$0	$0	$0
N/A	DIRECTOR	2.00	Director	$0	$0	$0
ERIC WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
N/A	DIRECTOR	2.00	Director	$0	$0	$0
ROB OLNEY	DIRECTOR	2.00	Director	$0	$0	$0
SANDEE COOK	DIRECTOR	2.00	Director	$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
2024	No data	No data	No data	No data
2023	$593,558	$595,462	$394,468	$-1,904
2022	$524,844	$494,176	$408,513	$30,668
2021	$503,541	$457,462	$439,670	$46,079
2020	$452,038	$434,106	$411,554	$17,932
2019	$559,807	$571,438	$231,012	$-11,631
2018	$521,951	$546,075	$258,785	$-24,124