LEES SUMMIT CHAMBER OF COMMERCE

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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

1964

Legal Domicile

Principal Officer

MATT BAIRD

Phone

8165242424

Tax Period

2023-01-01 to 2023-12-31

LEES SUMMIT CHAMBER OF COMMERCE, founded in 1964, is a small nonprofit that reported $778K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $663K left a modest 15% surplus.

Mission

THE CHAMBER WAS FORMED TO PROVIDE SERVICES FOR THE BUSINESS COMMUNITY BY CREATING OPPORTUNITIES FOR BUSINESS SUCCESS THROUGH NETWORKING, ADVOCACY, AND BUSINESS AND PROFESSIONAL DEVELOPMENT.

Program Service Accomplishments

Program 1

PROVIDE SERVICES FOR THE BUSINESS COMMUNITY BY CREATING OPPORTUNITIES FOR BUSINESS SUCCESS THROUGH NETWORKING, ADVOCACY, AND BUSINESS AND PROFESSIONAL DEVELOPMENT.

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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 $586,082

Program Service Revenue $46,467

Investment Income $22,863

Other Revenue $122,697

TOTAL REVENUE $778,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $402,650

Fundraising Expenses $0

Other Expenses $260,449

TOTAL EXPENSES $663,099

Year-over-Year Comparison

	2023	2022	Change
Revenue	$778,109	$910,850	-0.1%
Expenses	$663,099	$750,788	-0.1%
Net Income	$115,010	$160,062	-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

1000

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

$137,015

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT BAIRD	PRESIDENT	50.00	Officer	$126,292	$10,723	$137,015
KIRBY ASPLUND	CHAIR ELECT	3.00	Officer Director	$0	$0	$0
NIKKI BEARD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BEAUDOIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN COLEMAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JENNIFER CRAIG	DIRECTOR	1.00	Director	$0	$0	$0
CHAD DUMAS	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL DYER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
GINA GOODWIN	DIRECTOR	1.00	Director	$0	$0	$0
CARSON GRAFF	CHAIR EMERIT	2.00	Officer Director	$0	$0	$0
LYNN HINKLE	DIRECTOR	1.00	Director	$0	$0	$0
BEV HOWE	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI JOHNSON-WARE	CHAIR	4.00	Officer Director	$0	$0	$0
JASON LANGSTON	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MANNING	DIRECTOR	1.00	Director	$0	$0	$0
LAURA MAXWELL	SECRETARY/TR	3.00	Officer Director	$0	$0	$0
JOHN MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN OLDHAM	DIRECTOR	1.00	Director	$0	$0	$0
DREW REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
RICK SMETANA	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LAUREN SOBASKI	DIRECTOR	1.00	Director	$0	$0	$0
JOEY ZARRILLO	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$778,109	$663,099	$1,227,032	$115,010
2022	$910,850	$750,788	$1,155,368	$160,062
2021	$872,026	$601,138	$993,103	$270,888
2020	$936,692	$705,676	$683,295	$231,016