LEAWOOD 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

1996

Legal Domicile

Principal Officer

STEPHANIE MEYER

Phone

9134981514

Tax Period

2024-01-01 to 2024-12-31

LEAWOOD CHAMBER OF COMMERCE, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $553K in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE LEAWOOD CHAMBER OF COMMERCE IS TO PURSUE BUSINESS PROSPERITY THROUGH INNOVATION AND COLLABORATION. (CONTINUED ON SCHEDULE O)THIS MISSION IS ACCOMPLISHED BY DEMONSTRATING THE ADVANTAGES OF LIVING AND WORKING IN LEAWOOD, BY PROVIDING PROGRAMS AND SERVICES TO HELP ITS MEMBERS' BUSINESSES GROW PROFITABLY, BY ENCOURAGING NETWORKING, AND BY OBTAINING AND RETAINING MEMBERS.

Program Service Accomplishments

Program 1

THE LEAWOOD CHAMBER CONTINUED TO SEE GROWTH IN MEMBERSHIP AND EXECUTED MORE THAN 90 EVENTS TARGETED AT ASSISTING THESE MEMBERS WITH THEIR ORGANIZATIONAL GOALS, INCLUDING NETWORKING OPPORTUNITIES...

THE LEAWOOD CHAMBER CONTINUED TO SEE GROWTH IN MEMBERSHIP AND EXECUTED MORE THAN 90 EVENTS TARGETED AT ASSISTING THESE MEMBERS WITH THEIR ORGANIZATIONAL GOALS, INCLUDING NETWORKING OPPORTUNITIES, RIBBON CUTTINGS, AND EDUCATIONAL PROGRAMMING.

Program 2

THE LEAWOOD CHAMBER LEADS THE LEAWOOD ECONOMIC DEVELOPMENT COUNCIL AND WORKS WITH THE CITY AND LOCAL DEVELOPMENT COMMUNITY TO ACTIVELY PROMOTE, RECRUIT, AND RETAIN BUSINESSES IN LEAWOOD.

Program 3

THE LEAWOOD CHAMBER'S YOUNG PROFESSIONALS PROGRAMMING EXPANDED THIS YEAR WITH ANOTHER RECORD NUMBER OF PARTICIPANTS AND EVENTS, WITH THE GOAL OF FUTURE LEADERSHIP DEVELOPMENT AND EXPANDING PERSONAL...

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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 $461,821

Program Service Revenue $75,004

Investment Income $15,020

Other Revenue $1,025

TOTAL REVENUE $552,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,346

Fundraising Expenses $0

Other Expenses $187,553

TOTAL EXPENSES $548,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$552,870	$566,952	0.0%
Expenses	$548,899	$523,944	+0.0%
Net Income	$3,971	$43,008	-0.9%

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

100

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

$220,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACQUELINE SHRUM	CHAIR	2.00	Officer Director	$0	$0	$0
MELANIE GLASSMAN	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
MIKE MCKENNA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PHIL KERNEN	TREASURER	1.00	Officer Director	$0	$0	$0
MARISSA VIDLER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS KURTZ	PAST CHAIR	1.00	Director	$0	$0	$0
JACOB AKEHURST	DIRECTOR	0.50	Director	$0	$0	$0
KELLY BRUCHER	DIRECTOR	0.50	Director	$0	$0	$0
JACKSON CLEMENTS	DIRECTOR	0.50	Director	$0	$0	$0
CALVIN GIRARD	DIRECTOR	0.50	Director	$0	$0	$0
BILL HEINRICH	DIRECTOR	0.50	Director	$0	$0	$0
JOSH HELLER	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL HIATT	DIRECTOR	0.50	Director	$0	$0	$0
MARY HOLLAND	DIRECTOR	0.50	Director	$0	$0	$0
CORTNY HUTCHISON	DIRECTOR	0.50	Director	$0	$0	$0
LISA MAY	DIRECTOR	0.50	Director	$0	$0	$0
RICK ODDO	DIRECTOR	0.50	Director	$0	$0	$0
MONTY SPRADLING	DIRECTOR	0.50	Director	$0	$0	$0
TIMOTHY VANZANDT	DIRECTOR	0.50	Director	$0	$0	$0
CAITLIN WATERS	DIRECTOR	0.50	Director	$0	$0	$0
STEPHANIE MEYER	PRESIDENT & CEO	50.00	Officer	$128,326	$20,038	$148,364
ALAN MCGREW	VP OF OPERATIONS	40.00	Officer	$62,061	$9,992	$72,053

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	$552,870	$548,899	$349,299	$3,971
2023	$566,952	$523,944	$360,721	$43,008
2022	$468,604	$511,694	$355,995	$-43,090
2021	$510,543	$445,473	$337,689	$65,070
2020	$492,005	$466,636	$268,811	$25,369
2019	$508,017	$491,246	$251,318	$16,771
2018	$493,739	$500,840	$223,695	$-7,101