Montgomery Area 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

2015

Legal Domicile

Phone

9365975004

Tax Period

2023-01-01 to 2023-12-31

Montgomery Area Chamber of Commerce, founded in 2015, is a micro nonprofit in the Community Improvement sector that reported $79K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $160K exceeded revenue, resulting in a 101% operating deficit.

Mission

The Chamber is focused on economic development for business attraction, retention and expansion in Montgomery community.

Program Service Accomplishments

Program 1

Expenses: $154,520

The Chamber brought together the community in it's events and highlighted existing businesses.

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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 $101,037

Program Service Revenue $950

Investment Income $182

Other Revenue $-22,706

TOTAL REVENUE $79,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,474

Fundraising Expenses $0

Program Expenses $154,520

Other Expenses $53,409

TOTAL EXPENSES $159,883

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,463	$142,847	-0.4%
Expenses	$159,883	$134,830	+0.2%
Net Income	$-80,420	$8,017	-11.0%

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

$57,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shannan Reid	Executive Dir.	40.00	Officer	$57,750	$0	$57,750
Riley Borchgardt	Marketing & Operations Specialist	40.00		$41,041	$0	$41,041
Sheri McBride	Chairman	5.00	Director	$0	$0	$0
Brent Stokes	Chairman	0.00	Director	$0	$0	$0
Kati Krouse	Chairman	0.00	Director	$0	$0	$0
Daniel Wolfson	Director	0.00	Director	$0	$0	$0
Sarah Ables	Director	0.00	Director	$0	$0	$0
Kym Harris	Director	0.00	Director	$0	$0	$0
Jaime Tate	Director	0.00	Director	$0	$0	$0
Jared Moore	Director	0.00	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
2023	$79,463	$159,883	$41,048	$-80,420
2021	$128,705	$125,219	$112,741	$3,486
2019	$124,205	$115,657	No data	$8,548
2018	$117,342	$112,336	$114,959	$5,006