Springfield Area Chamber of Commerce Inc

EIN: 440501055

SPRINGFIELD, MO

Total Revenue
$3,579,289
Total Expenses
$3,648,963
Total Assets
$3,569,904
Net Assets
$2,805,422
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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
1919
Legal Domicile
MO
Phone
4178625567
Tax Period
2023-01-01 to 2023-12-31

Springfield Area Chamber of Commerce Inc, founded in 1919, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

TO SERVE AS THE PRINCIPAL ADVOCATE FOR BUSINESS IN PARTNERSHIP WITH THE COMMUNITY; SUPPORT AND ASSIST EXISTING BUSINESSES; ACT AS THE PRIMARY CATALYST IN PROMOTING THE ECONOMIC HEALTH OF THE SPRINGFIELD AREA, STIMULATING JOBS AND IMPROVING THE QUALITY OF LIFE.

Program Service Accomplishments

Program 1

LEGISLATIVE ADVOCACY - THE CHAMBER SERVES AS THE VOICE OF THE SPRINGFIELD AREA BUSINESS INTERESTS, WORKING TO ENSURE THAT LOCAL, STATE AND FEDERAL LAWMAKERS ARE AWARE OF THE ISSUES THAT ARE IMPORTANT...

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LEGISLATIVE ADVOCACY - THE CHAMBER SERVES AS THE VOICE OF THE SPRINGFIELD AREA BUSINESS INTERESTS, WORKING TO ENSURE THAT LOCAL, STATE AND FEDERAL LAWMAKERS ARE AWARE OF THE ISSUES THAT ARE IMPORTANT TO OUR MEMBERS AND THAT GOVERNMENT DECISIONS AT EVERY LEVEL SUPPORT A STRONG REGIONAL BUSINESS CLIMATE AND QUALITY ECONOMIC GROWTH.

Program 2

BUSINESS EXPOSURE AND NETWORKING - THROUGH NETWORKING EVENTS (INCLUDING GOOD MORNING, SPRINGFIELD!; BUSINESS AFTER HOURS EVENTS; BUSINESS TO BUSINESS CONNECTION EVENTS), BUSINESS REFERRALS AND A...

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BUSINESS EXPOSURE AND NETWORKING - THROUGH NETWORKING EVENTS (INCLUDING GOOD MORNING, SPRINGFIELD!; BUSINESS AFTER HOURS EVENTS; BUSINESS TO BUSINESS CONNECTION EVENTS), BUSINESS REFERRALS AND A VARIETY OF MARKETING OPTIONS, THE CHAMBER PROVIDES THE BEST OPPORTUNITY FOR BUSINESS OWNERS AND PROFESSIONALS TO NETWORK WITH THEIR PEERS, DEVELOP BUSINESS CONNECTIONS AND ELEVATE THEIR COMPANIES' IMAGES IN OUR COMMUNITY.

Program 3

ECONOMIC DEVELOPMENT - IN 2023, THE SPRINGFIELD AREA CHAMBER OF COMMERCE CONTINUED TO PLACE A PRIORITY ON REGIONAL ECONOMIC SUSTAINABILITY. AS A RESULT, THE CHAMBER CONTINUED ITS FOCUS ON ECONOMIC...

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ECONOMIC DEVELOPMENT - IN 2023, THE SPRINGFIELD AREA CHAMBER OF COMMERCE CONTINUED TO PLACE A PRIORITY ON REGIONAL ECONOMIC SUSTAINABILITY. AS A RESULT, THE CHAMBER CONTINUED ITS FOCUS ON ECONOMIC AND WORKFORCE DEVELOPMENT AND STRENGTHENING THE POSITIVE BUSINESS CLIMATE FOR THE SPRINGFIELD AREA THROUGH PROGRAMS LIKE THE EXISTING BUSINESS SUPPORT PROGRAM WHICH HELPED EXISTING BUSINESSES GROW, OVERCOME CHALLENGES AND DISCOVER NEW ECONOMIC OPPORTUNITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,488,824
Investment Income $90,465
Other Revenue $0
TOTAL REVENUE $3,579,289

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,191,378
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,457,585
TOTAL EXPENSES $3,648,963

Year-over-Year Comparison

2023 2022 Change
Revenue $3,579,289 $3,994,135 -0.1%
Expenses $3,648,963 $3,619,812 +0.0%
Net Income $-69,674 $374,323 -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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Governance

Voting Members
30
Independent Members
30
Employees
30
Volunteers
750

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
10
$530,769
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Board Treasurer 2.0
Officer Director
$0 $0 $0
N/A Chair-Elect 2.0
Officer Director
$0 $0 $0
N/A Assistant Treasurer 1.0
Officer Director
$0 $0 $0
N/A Vice Chair, Workforce Development 2.0
Officer Director
$0 $0 $0
N/A Board Chairman 5.0
Officer Director
$0 $0 $0
N/A Vice Chair, Public Affairs 2.0
Officer Director
$0 $0 $0
N/A Vice Chair, Membership 2.0
Officer Director
$0 $0 $0
N/A Vice Chair, Economic Development 2.0
Officer Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Chief Operating Officer 50.0
Officer
$161,135 $32,616 $193,751
N/A President 50.0
Officer
$274,617 $62,401 $337,018
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 $3,579,289 $3,648,963 $3,569,904 $-69,674
2022 $3,994,135 $3,619,812 $3,602,404 $374,323
2021 $3,011,797 $3,291,412 $3,964,133 $-279,615
2020 $3,425,846 $2,843,817 $3,400,524 $582,029
2019 $3,243,131 $3,395,961 $2,814,820 $-152,830
2018 $3,120,120 $3,187,030 $2,950,159 $-66,910
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