CHAMBER OF COMMERCE OF INDEPENDENCE

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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

1920

Legal Domicile

Principal Officer

TOM LESNAK

Phone

8167870313

Tax Period

2024-01-01 to 2024-12-31

CHAMBER OF COMMERCE OF INDEPENDENCE, founded in 1920, is a small nonprofit that reported $970K in total revenue in fiscal year 2024.

Mission

ADVANCE THE ECONOMIC, INDIVIDUAL, PROFESSIONAL, CULTURAL, EDUCATIONAL, SOCIAL AND CIVIC WELFARE OF THE INDEPENDENCE, MISSOURI METROPOLITAN AREA.

Program Service Accomplishments

Program 1

Expenses: $671,066 Revenue: $588,594

FOSTERED BUSINESS THROUGH EXPANSION AND CREATION OF JOBS BY PROMOTING INDEPENDENCE, MISSOURI AS A BUSINESS CENTER.

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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 $5,054

Program Service Revenue $601,115

Investment Income $0

Other Revenue $364,286

TOTAL REVENUE $970,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $399,787

Fundraising Expenses $0

Program Expenses $671,066

Other Expenses $628,039

TOTAL EXPENSES $1,027,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$970,455	$981,757	0.0%
Expenses	$1,027,826	$1,004,524	+0.0%
Net Income	$-57,371	$-22,767	+1.5%

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

$228,929

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YVONNE HALL	BOARD CHAIRMAN	5.00	Director	$0	$0	$0
DOUG COWAN	BOARD CHAIRMAN ELECT	1.00	Director	$0	$0	$0
MARY HOUSE	BOARD TREASURER	1.50	Director	$0	$0	$0
MATT MEDLEY	IMMEDIATE PAST CHAIRMAN -	2.00	Director	$0	$0	$0
PAT FARRELL	DIRECTOR	1.00	Director	$0	$0	$0
RON FINKE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA LEAKEY	DIRECTOR	1.00	Director	$0	$0	$0
BRAD SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL O'NEILL	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE DEAN WILEY	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN ZERR	DIRECTOR	1.00	Director	$0	$0	$0
CORI DAY	DIRECTOR	1.00	Director	$0	$0	$0
CINDY MCCLAIN	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
KENNY SOULE	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WRAY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BAXLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLINE GRAY	DIRECTOR	1.00	Director	$0	$0	$0
ERIC KNIPP	DIRECTOR	1.00	Director	$0	$0	$0
BRET KOLMAN	DIRECTOR	1.00	Director	$0	$0	$0
CINDI ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
TERRI STEELE	DIRECTOR	1.00	Director	$0	$0	$0
TOM LESNAK	PRESIDENT	40.00	Officer	$125,575	$11,433	$137,008
KRISTINE ZERR	VICE PRESIDENT & DIRECTOR	40.00	Officer	$78,513	$13,408	$91,921

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	$970,455	$1,027,826	$773,277	$-57,371
2023	$981,757	$1,004,524	$834,303	$-22,767
2022	$702,912	$821,833	$800,022	$-118,921
2021	$867,221	$742,661	$946,516	$124,560
2020	$564,511	$710,954	$887,400	$-146,443
2019	$670,501	$702,333	$789,467	$-31,832
2018	$705,217	$624,678	$831,814	$80,539