COLUMBIA CHAMBER OF COMMERCE (EIN 430223250) - 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

1928

Legal Domicile

Principal Officer

ERIC MORRISON

Tax Period

2023-07-01 to 2024-06-30

COLUMBIA CHAMBER OF COMMERCE, founded in 1928, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE COLUMBIA CHAMBER OF COMMERCE IS TO LEAD OUR COMMUNITY, DRIVE COMMERCE IN OUR REGION AND ADVANCE COMMUNITY AND REGIONAL COLLABORATIONS, THERBY ENHANCING THE QUALITY OF WHERE WE LIVE, LEARN, WORK AND PLAY.

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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 $678,172

Program Service Revenue $888,411

Investment Income $9,523

Other Revenue $0

TOTAL REVENUE $1,576,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $819,810

Fundraising Expenses $86,787

Program Expenses $969,214

Other Expenses $725,145

TOTAL EXPENSES $1,544,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,576,106	$1,221,771	+0.3%
Expenses	$1,544,955	$1,359,315	+0.1%
Net Income	$31,151	$-137,544	-1.2%

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

130

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

$80

Total Directors

$149,236

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT MCCORMICK	PRESIDENT AND CEO	40.00	Director Highest	$149,156	$0	$149,156
ERIC MORRISON	CHAIR	0.00	Officer Director	$12	$16	$40
MICHELE BATYE	PAST CHAIR	0.00	Officer Director	$6	$8	$20
ADONICA COLEMAN	CHAIR-ELECT	0.00	Officer Director	$6	$8	$20
KELSEY LYMAN	EXECUTIVE COMMITTEE MEMBER	2.00	Director	$0	$0	$0
JOE MILLER	EXECUTIVE COMMITTEE MEMBER	2.00	Director	$0	$0	$0
JEFF LASHLEY	EXECUTIVE COMMITTEE MEMBER	0.00	Director	$0	$0	$0
STACY SMITH	EXECUTIVE COMMITTEE MEMBER	0.00	Director	$0	$0	$0
MEGAN STEEN	EXECUTIVE COMMITTEE MEMBER	2.00	Director	$0	$0	$0
TIM HOWALD	TREASURER	3.00	Officer 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
2025	No data	No data	No data	No data
2024	$1,576,106	$1,544,955	$1,564,391	$31,151
2023	$1,221,771	$1,359,315	$1,552,902	$-137,544
2022	$1,286,671	$1,183,692	$1,640,264	$102,979
2021	$1,065,683	$1,089,447	$1,656,594	$-23,764
2020	$1,185,444	$1,133,900	$1,572,661	$51,544
2019	$1,318,308	$1,305,205	$1,552,630	$13,103
2018	$1,310,561	$1,204,520	$1,550,380	$106,041

COLUMBIA CHAMBER OF COMMERCE