LEWES CHAMBER OF COMMERCE INC

EIN: 510185549 Community Improvement

LEWES, DE

Total Revenue
$229,510
Total Expenses
$234,846
Total Assets
$250,321
Net Assets
$247,961
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
DE
Principal Officer
RAYMOND BOOK
Phone
3026458073
Tax Period
2023-09-01 to 2024-08-31

LEWES CHAMBER OF COMMERCE INC, founded in 1975, is a small nonprofit in the Community Improvement sector that reported $230K in total revenue in fiscal year 2023.

Mission

TO OPERATE AS A CHAMBER OF COMMERCE AND VISITORS CENTER FOR THE CITY OF LEWES

Program Service Accomplishments

Program 1
Expenses: $117,892 Revenue: $86,755

TO PROVIDE MASS ADVERTISING AND SPECIAL EVENTS FOR THE MEMBERS' BUSINESSES AND THE CITY OF LEWES.

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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 $106,706
Program Service Revenue $89,912
Investment Income $9,705
Other Revenue $23,187
TOTAL REVENUE $229,510

Expense Breakdown

Grants Paid $0
Salaries & Benefits $142,512
Fundraising Expenses $0
Program Expenses $117,892
Other Expenses $92,334
TOTAL EXPENSES $234,846

Year-over-Year Comparison

2023 2022 Change
Revenue $229,510 $225,941 +0.0%
Expenses $234,846 $218,085 +0.1%
Net Income $-5,336 $7,856 -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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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
125

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
7
$93,000
Total Directors
12
$93,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND BOOK PRESIDENT 2.00
Officer Director
$0 $0 $0
GAVIN RADKA DIRECTOR 1.00
Director
$0 $0 $0
JEN MASON DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY FRIED TREASURER 1.00
Officer Director
$0 $0 $0
JIM SMITH DIRECTOR 1.00
Director
$0 $0 $0
MARK CARTER CORPORATE SE 1.00
Officer Director
$0 $0 $0
TED BECKER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MAGGIE LINGO RECORDING SE 1.00
Officer Director
$0 $0 $0
NIKKY FISHER PAST PRESIDE 2.00
Officer Director
$0 $0 $0
KEN NORMAN DIRECTOR 1.00
Director
$0 $0 $0
LISA MCDONALD DIRECTOR 1.00
Director
$0 $0 $0
BETSY REAMER EXEC DIRECTO 40.00
Officer Director
$88,000 $5,000 $93,000
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
2025 No data No data No data No data
2024 $229,510 $234,846 $250,321 $-5,336
2023 $225,941 $218,085 $252,062 $7,856
2022 $235,141 $199,288 $246,018 $35,853
2021 $193,800 $178,464 $245,817 $15,336
2020 $157,352 $162,462 $209,924 $-5,110
2019 $190,791 $193,927 $203,987 $-3,136
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