NORFOLK CHAMBER OF COMMERCE (EIN 470253970) - 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

1982

Legal Domicile

Principal Officer

DON WISNIESKI

Phone

4023714862

Tax Period

2024-04-01 to 2025-03-31

NORFOLK CHAMBER OF COMMERCE, founded in 1982, is a small nonprofit that reported $772K in total revenue in fiscal year 2024.

Mission

BENEFIT MEMBERS THROUGH VARIOUS PROGRAMS.

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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 $0

Program Service Revenue $753,184

Investment Income $10,380

Other Revenue $7,952

TOTAL REVENUE $771,516

Expense Breakdown

Grants Paid $13,254

Salaries & Benefits $383,600

Fundraising Expenses $0

Program Expenses $761,098

Other Expenses $364,244

TOTAL EXPENSES $761,098

Year-over-Year Comparison

	2024	2023	Change
Revenue	$771,516	$736,402	+0.0%
Expenses	$761,098	$732,621	+0.0%
Net Income	$10,418	$3,781	+1.8%

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

$137,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUSTEN HAGOOD	PRESIDENT/CE	50.00	Officer	$137,000	$0	$137,000
JASON ANDERSON	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
BILL BARITT	DIRECTOR	1.00	Director	$0	$0	$0
MEGHANN BURESH	DIRECTOR	1.00	Director	$0	$0	$0
ERICA DAAKE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK L GERHART	DIRECTOR	1.00	Director	$0	$0	$0
PAUL HEYBROCK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SARAH POTTS	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL REISER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE M SCHLECHT	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JILL SOCK	AT-LARGE	1.00	Officer Director	$0	$0	$0
TROY WEYHRICH	DIRECTOR	1.00	Director	$0	$0	$0
CONNOR WILCOX	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DON WISNIESKI	CHAIR	1.00	Officer 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
2025	$771,516	$761,098	$461,806	$10,418
2024	$736,402	$732,621	$457,689	$3,781
2023	$773,772	$742,222	$451,399	$31,550
2022	$819,619	$696,262	$421,528	$123,357
2021	$555,809	$670,998	$323,559	$-115,189
2020	$789,995	$802,627	$376,627	$-12,632
2019	$789,656	$793,106	$386,304	$-3,450

NORFOLK CHAMBER OF COMMERCE