OLATHE CHAMBER OF COMMERCE INC

EIN: 480357594

Olathe, KS

Total Revenue
$3,288,132
Total Expenses
$3,171,004
Total Assets
$5,951,906
Net Assets
$3,019,334
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
KS
Principal Officer
TIMOTHY MCKEE
Tax Period
2023-01-01 to 2023-12-31

OLATHE CHAMBER OF COMMERCE INC, founded in 1923, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 4% surplus.

Mission

To foster a progressive community vision for Olathe through inspired leadership, balanced growth, highest educational opportunities and responsive government to ensure quality family and buisness enviornment.

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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 $2,520,603
Program Service Revenue $702,058
Investment Income $51,012
Other Revenue $14,459
TOTAL REVENUE $3,288,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,864,392
Fundraising Expenses $0
Program Expenses $675,290
Other Expenses $1,306,612
TOTAL EXPENSES $3,171,004

Year-over-Year Comparison

2023 2022 Change
Revenue $3,288,132 $2,576,144 +0.3%
Expenses $3,171,004 $2,527,135 +0.3%
Net Income $117,128 $49,009 +1.4%
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

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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
28
Independent Members
27
Employees
20
Volunteers
300

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
2
$342,794
Total Directors
30
$469,789
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY MCKEE SECRETARY AND CEO 40.00
Officer Director
$178,999 $30,433 $209,432
KELLY PEETOOM VICE PRESIDENT CVB 40.00
Highest
$106,640 $42,754 $149,394
CASEY WILHM VICE PRESIDENT EDC 40.00
Highest
$104,615 $42,678 $147,293
BRADLEY CORNELL COO 40.00
Officer Director
$119,780 $13,582 $133,362
SUSAN CARSON VICE PRESIDENT SPONSORSHIPS 40.00
Highest
$106,474 $26,086 $132,560
SHARON PUDDINGTON VICE PRESIDENT FINANCE 40.00
Director Highest
$106,240 $20,755 $126,995
MICHAEL OGRADY DIRECTOR 0.25
Director
$0 $0 $0
JONATHAN HART DIRECTOR 0.25
Director
$0 $0 $0
CALEB HERBST DIRECTOR 0.25
Director
$0 $0 $0
GINA RIEKHOF DIRECTOR 0.50
Director
$0 $0 $0
LINDSAY TSAHIRIDIS DIRECTOR 0.25
Director
$0 $0 $0
BARB NEWMAN DIRECTOR 0.25
Director
$0 $0 $0
BRENT HOFELT DIRECTOR 0.25
Director
$0 $0 $0
JOE BURGER DIRECTOR 0.50
Director
$0 $0 $0
DAVID GONZALEZ DIRECTOR 0.25
Director
$0 $0 $0
DR DAVID SPITTAL DIRECTOR 0.25
Director
$0 $0 $0
KAREN HOGAN DIRECTOR 0.50
Director
$0 $0 $0
JASON PARKER DIRECTOR 0.25
Director
$0 $0 $0
BEN WOLFE DIRECTOR 0.25
Director
$0 $0 $0
LEO NUNNINK DIRECTOR 0.25
Director
$0 $0 $0
BOB HAYWORTH DIRECTOR 0.25
Director
$0 $0 $0
CHRIS HESS DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL WILKES DIRECTOR 0.50
Director
$0 $0 $0
JASON HANNAGAN DIRECTOR 0.25
Director
$0 $0 $0
DRERIN DUGAN DIRECTOR 0.25
Director
$0 $0 $0
OSCAR HEALY DIRECTOR 0.75
Director
$0 $0 $0
MATT STROMBERG DIRECTOR 0.50
Director
$0 $0 $0
JOHN BACON DIRECTOR 0.25
Director
$0 $0 $0
DR ANDY BOWNE DIRECTOR 0.25
Director
$0 $0 $0
RYAN MAHER DIRECTOR 0.50
Director
$0 $0 $0
SHANE EDWARDS DIRECTOR 0.50
Director
$0 $0 $0
MIKE KELLY DIRECTOR 0.25
Director
$0 $0 $0
BRENT YEAGER DIRECTOR 0.50
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 $3,288,132 $3,171,004 $5,951,906 $117,128
2022 $2,576,144 $2,527,135 $3,297,859 $49,009
2021 $2,879,939 $2,425,427 $3,229,249 $454,512
2020 $2,043,561 $2,056,341 $2,617,384 $-12,780
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