OLATHE CHAMBER OF COMMERCE INC

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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

1923

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $331,493

CONVENTION AND VISITORS BUREAU PROMOTED THE SERVICES OF CHAMBER MEMBERS TO THE BUSINESS AND TRAVELING PUBLIC VIA PROMOTIONAL MATERIALS AND EXHIBITIONS AT KEY CONVENTIONS. HOSTED ATHLETIC EVENTS IN...

CONVENTION AND VISITORS BUREAU PROMOTED THE SERVICES OF CHAMBER MEMBERS TO THE BUSINESS AND TRAVELING PUBLIC VIA PROMOTIONAL MATERIALS AND EXHIBITIONS AT KEY CONVENTIONS. HOSTED ATHLETIC EVENTS IN OLATHE TO BENEFIT THE COMMUNITY AND MEMBERS,

Program 2

Expenses: $176,294

MEMBER SERVICES INFORM CHAMBER MEMBERS OF PERTINENT ISSUES FACING THEM THROUGH WEEKLY MEETINGS, LUNCHEONS, NEWSLETTER EVENTS AND MEMBER DIRECTORY.

Program 3

Expenses: $167,503

Economic development programs are geared to the care and nature of existing private sector job providers, as well as the recruitment of job relocation projects.

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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 $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

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

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

$342,794

Total Directors

$469,789

Key Employees

Highest Compensated

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