CHAMBER OF COMMERCE OF INDEPENDENCE

EIN: 480275180

INDEPENDENCE, KS

Total Revenue
$475,692
Total Expenses
$503,403
Total Assets
$545,205
Net Assets
$494,762
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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
1914
Legal Domicile
KS
Principal Officer
EMILY S VAIL-KELLER
Phone
6203311890
Tax Period
2024-01-01 to 2024-12-31

CHAMBER OF COMMERCE OF INDEPENDENCE, founded in 1914, is a small nonprofit that reported $476K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

CONTRIBUTE TO ECONOMIC DEVELOPMENT, COMMUNITY MEMBERS' LEADERSHIP, TOURISM, AND PROMOTES COMMUNITY DEVELOPMENT PRIMARILY FOR THE CITY AND CITIZENS OF INDEPENDENCE, KS.

Program Service Accomplishments

Program 1
Expenses: $350,852 Revenue: $289,114

THE INDEPENDENCE CHAMBER OF COMMERCE CONTRIBUTES TO THE DEVELOPMENT OF COMMUNITY MEMBER LEADERSHIP ABILITIES AND PROVIDES FUNDS FOR ECONOMIC DEVELOPMENT, TOURISM, AND PROMOTION OF THE COMMUNITY AND...

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THE INDEPENDENCE CHAMBER OF COMMERCE CONTRIBUTES TO THE DEVELOPMENT OF COMMUNITY MEMBER LEADERSHIP ABILITIES AND PROVIDES FUNDS FOR ECONOMIC DEVELOPMENT, TOURISM, AND PROMOTION OF THE COMMUNITY AND ECONOMIC DEVELOPMENT IN THE SOUTHEAST KANSAS AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $185,712
Program Service Revenue $289,114
Investment Income $678
Other Revenue $188
TOTAL REVENUE $475,692

Expense Breakdown

Grants Paid $185,000
Salaries & Benefits $177,133
Fundraising Expenses $26,773
Program Expenses $350,852
Other Expenses $141,270
TOTAL EXPENSES $503,403

Year-over-Year Comparison

2024 2023 Change
Revenue $475,692 $384,753 +0.2%
Expenses $503,403 $344,930 +0.5%
Net Income $-27,711 $39,823 -1.7%
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
17
Independent Members
17
Employees
4
Volunteers
N/A

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
3
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICIA YATES DIRECTOR N/A
Director
$0 $0 $0
EMILY S VAIL-KELLER TREASURER N/A
Officer Director
$0 $0 $0
TOMMY WOODS DIRECTOR N/A
Director
$0 $0 $0
OMAR ELSHABASSY VICE PRESIDE N/A
Officer Director
$0 $0 $0
NOLAN ALLISON DIRECTOR N/A
Director
$0 $0 $0
SHANDA CHAMBERS DIRECTOR N/A
Director
$0 $0 $0
COLE HOFFMEISTER DIRECTOR N/A
Director
$0 $0 $0
MARY JO WALLIS DIRECTOR N/A
Director
$0 $0 $0
JON DAY DIRECTOR N/A
Director
$0 $0 $0
APRIL NUTT PRESIDENT N/A
Officer Director
$0 $0 $0
CRYSTAL WONSER DIRECTOR N/A
Director
$0 $0 $0
KARIN STONER DIRECTOR N/A
Director
$0 $0 $0
PAULA SCHABEL DIRECTOR N/A
Director
$0 $0 $0
ANTHONY VAUGHAN DIRECTOR N/A
Director
$0 $0 $0
DEBBIE JOHNSON DIRECTOR N/A
Director
$0 $0 $0
LACY KING DIRECTOR N/A
Director
$0 $0 $0
ANNA LAWLESS DIRECTOR N/A
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 $475,692 $503,403 $545,205 $-27,711
2023 $384,753 $344,930 $574,923 $39,823
2022 $319,648 $304,772 $537,327 $14,876
2021 $263,642 $373,681 $527,187 $-110,039
2020 $354,334 $263,729 $637,456 $90,605
2019 $292,686 $304,888 $550,420 $-12,202
2018 $359,444 $310,162 $565,598 $49,282
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