FARMINGTON CHAMBER OF COMMERCE (EIN 431028820) - 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

1994

Legal Domicile

Principal Officer

CANDACE HENTE

Phone

5737563615

Tax Period

2024-01-01 to 2024-12-31

FARMINGTON CHAMBER OF COMMERCE, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $294K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49K, a strong 16% operating margin.

Mission

THE FARMINGTON CHAMBER OF COMMERCE MISSION IS TO IMPROVE THE QUALITY OF LIFE BY MAINTAINING AND PROMOTING THE ECONOMIC ENVIRONMENT OF FARMINGOTN AND THE SURROUNDING AREAS. THE CHAMBER SPONSORS COMMUNITY ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $175,694

Program Service Revenue $0

Investment Income $4,578

Other Revenue $114,041

TOTAL REVENUE $294,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,808

Fundraising Expenses $0

Other Expenses $86,949

TOTAL EXPENSES $245,757

Year-over-Year Comparison

	2024	2023	Change
Revenue	$294,313	$228,871	+0.3%
Expenses	$245,757	$191,735	+0.3%
Net Income	$48,556	$37,136	+0.3%

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

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
WILLIAM BRITTON	VICE CHAIR	N/A	Officer Director	$0	$0	$0
ROCKY GOOD	DIRECTOR	N/A	Director	$0	$0	$0
JESSICA HORTON	CHAIR	N/A	Director	$0	$0	$0
KIM HUTSON	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN MCNAMARA	DIRECTOR	N/A	Director	$0	$0	$0
PAUL MEINSEN	DIRECTOR	N/A	Director	$0	$0	$0
KAREN MELTON	DIRECTOR	N/A	Director	$0	$0	$0
TIM MORGAN	DIRECTOR	N/A	Director	$0	$0	$0
CHELLEY ODLE	DIRECTOR	N/A	Director	$0	$0	$0
STEVE SLOUP	DIRECTOR	N/A	Director	$0	$0	$0
CHERYL SNEAD	DIRECTOR	N/A	Director	$0	$0	$0
MARIA WEEKLEY	DIRECTOR	N/A	Director	$0	$0	$0
BRENT WILLIAMS	VICE CHAIR	N/A	Director	$0	$0	$0
ANDY BUCHANAN	IMMEDIATE PA	N/A	Officer	$0	$0	$0
TERI MORTON	TREASURER	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
2024	$294,313	$245,757	$533,418	$48,556
2023	$228,871	$191,735	$490,469	$37,136
2022	$207,404	$155,487	$453,061	$51,917
2021	$226,412	$158,121	$374,508	$68,291
2020	$154,948	$152,869	$342,864	$2,079
2019	$167,637	$163,731	$325,319	$3,906
2018	$210,475	$186,480	$304,863	$23,995

FARMINGTON CHAMBER OF COMMERCE