THE CHAMBER OF COMMERCE OF FREDERI… - Form 990 Financial Data

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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

1912

Legal Domicile

Principal Officer

RICK WELDON

Phone

3016624164

Tax Period

2024-10-01 to 2025-09-30

THE CHAMBER OF COMMERCE OF FREDERICK COUNTY INC, founded in 1912, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

CONNECTING BUSINESSES AND THE COMMUNITY THROUGH LEADERSHIP, ADVOCACY AND EDUCATION.

Program Service Accomplishments

Program 1

THE CHAMBER SPONSORED PROGRAMS AND EVENTS THAT PROVIDED OPPORTUNITIES FOR MEMBERS TO CONNECT WITH PEOPLE AND INFORMATION THEY NEEDED TO HELP THEM REACH THEIR GOALS. THE CHAMBER DOES THIS BY PROVIDING TIMELY COMMUNICATIONS, OPPORTUNITIES FOR INVOLVEMENT, AND SPECIAL EVENTS IN AREAS OF INTEREST TO MEMBERS AND THE GENERAL PUBLIC.

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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 $0

Program Service Revenue $1,120,751

Investment Income $14,286

Other Revenue $17,474

TOTAL REVENUE $1,152,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $645,715

Fundraising Expenses $0

Other Expenses $540,962

TOTAL EXPENSES $1,186,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,152,511	$1,222,748	-0.1%
Expenses	$1,186,677	$1,254,060	-0.1%
Net Income	$-34,166	$-31,312	+0.1%

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

176

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

$186,669

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWAYNE MYERS	PAST-CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER MILAS	TREASURER	1.00	Officer Director	$0	$0	$0
AMANDA HADDAWAY	DIRECTOR	1.00	Director	$0	$0	$0
JARAD BOWENS	DIRECTOR	1.00	Director	$0	$0	$0
ADAM KREISHER	DIRECTOR	1.00	Director	$0	$0	$0
CHENEE BEACH	DIRECTOR	1.00	Director	$0	$0	$0
DR PHILLIP BROWN	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA HOFMEISTER	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA MUNTZ	DIRECTOR	1.00	Director	$0	$0	$0
STEVE HEINE	CHAIR	1.00	Officer Director	$0	$0	$0
JON-MIKEL BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
MARK BLACKSTEN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GAUDET	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS VANDERGRIFT	DIRECTOR	1.00	Director	$0	$0	$0
ERIC JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL CIOFFI	DIRECTOR	1.00	Director	$0	$0	$0
SARAH HURWITZ ROBEY	DIRECTOR	1.00	Director	$0	$0	$0
DANNY SEVERN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
AMBER SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JEFF GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
SUE HOUGH	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEIGH KIGGANS ROSSI	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
HELEN PROPHETER	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE RIZZO	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE NUSUM SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DR RACHEL MANDEL	DIRECTOR	1.00	Director	$0	$0	$0
GREG BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JOE DELIZIA	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN SALTZMAN	DIRECTOR	1.00	Director	$0	$0	$0
RICK WELDON	PRESIDENT/CEO	50.00	Officer	$158,275	$28,394	$186,669
KIMBERLEY LEVINE	CHIEF FINANCIAL OFFICER	40.00	Highest	$129,577	$4,016	$133,593

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	$1,152,511	$1,186,677	$868,652	$-34,166
2024	$1,222,748	$1,254,060	$944,262	$-31,312
2023	$1,102,027	$1,089,963	$819,637	$12,064
2022	$932,001	$842,114	$757,906	$89,887
2021	$887,119	$661,608	$619,630	$225,511
2020	$899,382	$774,300	$360,513	$125,082
2019	$997,452	$1,025,689	$350,498	$-28,237
2018	$1,089,764	$1,041,459	$335,037	$48,305

THE CHAMBER OF COMMERCE OF FREDERICK COUNTY INC