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

ADVOCATE FOR BUSINESS WITHIN COMMUNITY; SUPPORT/ASSIST EXISTING BUSINESSES; ACT AS CATALYST IN PROMOTING ECONOMIC HEALTH; STIMULATE JOBS AND IMPROVE QUALITY OF LIFE.

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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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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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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