NORTHERN VIRGINIA CHAMBER OF COMME… - 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

1925

Legal Domicile

Principal Officer

JULIE COONS

Phone

7037490400

Tax Period

2023-01-01 to 2023-12-31

NORTHERN VIRGINIA CHAMBER OF COMMERCE INCORPORATED, founded in 1925, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023.

Mission

TO PROMOTE THE ECONOMIC VITALITY, QUALITY OF LIFE & POLITICAL INTERESTS OF THE CHAMBER'S MEMBERS & THE BUSINESS COMMUNITY OF NORTHERN VIRGINIA THROUGH EDUCATIONAL PROGRAMS AND VARIOUS PUBLICATIONS; TO FOSTER THE DEVELOPMENT OF NEW AND EXISTING BUSINESSES IN NORTHERN VIRGINIA.

Program Service Accomplishments

Program 1

THE NORTHERN VIRGINIA CHAMBER OF COMMERCE (THE CHAMBER) IS A MEMBERSHIP ORGANIZATION DEDICATED TO THE DEVELOPMENT OF NEW AND EXISTING BUSINESSES IN NORTHERN VIRGINIA AND SUPPORTING BUSINESS...

THE NORTHERN VIRGINIA CHAMBER OF COMMERCE (THE CHAMBER) IS A MEMBERSHIP ORGANIZATION DEDICATED TO THE DEVELOPMENT OF NEW AND EXISTING BUSINESSES IN NORTHERN VIRGINIA AND SUPPORTING BUSINESS THROUGHOUT THE GREATER WASHINGTON METROPOLITAN AREA.

Program 2

WE SPONSORED 35 VIRTUAL EVENTS WITH OVER 1,600 ATTENDEES AND 14 IN-PERSON EVENTS WITH OVER 2,100 ATTENDEES.

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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 $1,065,915

Program Service Revenue $1,188,507

Investment Income $2,561

Other Revenue $26,930

TOTAL REVENUE $2,283,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,306,136

Fundraising Expenses $0

Other Expenses $951,426

TOTAL EXPENSES $2,257,562

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,283,913	$2,245,189	+0.0%
Expenses	$2,257,562	$2,205,208	+0.0%
Net Income	$26,351	$39,981	-0.3%

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

200

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

$306,371

Total Directors

$306,371

Key Employees

$203,713

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE COONS	PRESIDENT AND CEO	35.00	Officer Director	$285,426	$20,945	$306,371
DEB GANDY	CHAIRMAN	4.00	Officer Director	$0	$0	$0
MARK CARRIER	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JEFF RUBERY	TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD PINEDA	SECRETARY	2.00	Officer Director	$0	$0	$0
MARK LOONEY	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE CAVE	DIRECTOR - PAST CHAIRMAN	0.50	Director	$0	$0	$0
HARRY KLAFF THRU 91323	DIRECTOR - PAST CHAIRMAN	0.50	Director	$0	$0	$0
JIM DYKE	DIRECTOR - PAST CHAIRMAN	0.50	Director	$0	$0	$0
KATHRYN FALK	DIRECTOR - PAST CHAIRMAN	0.50	Director	$0	$0	$0
LUANNE GUTERMUTH	DIRECTOR - PAST CHAIRMAN	1.00	Director	$0	$0	$0
MARK MOORE	DIRECTOR - PAST CHAIRMAN	0.50	Director	$0	$0	$0
MATT MCQUEEN	DIRECTOR - PAST CHAIRMAN	1.00	Director	$0	$0	$0
RICH LAFLEUR THRU 81723	DIRECTOR - PAST CHAIRMAN	0.50	Director	$0	$0	$0
TODD ROWLEY	DIRECTOR - PAST CHAIRMAN	0.50	Director	$0	$0	$0
BEN RODGERS	DIRECTOR	0.50	Director	$0	$0	$0
BILL WALSH	DIRECTOR	0.50	Director	$0	$0	$0
BROOKE WEDDLE	DIRECTOR	0.50	Director	$0	$0	$0
BUDDY RIZER THRU 8423	DIRECTOR	0.50	Director	$0	$0	$0
C MICHAEL FERRARO	DIRECTOR	0.50	Director	$0	$0	$0
CECILIA HODGES	DIRECTOR	0.50	Director	$0	$0	$0
CHARLENE MACDONALD THRU 71523	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS LANE	DIRECTOR	0.50	Director	$0	$0	$0
CRAIG CHASON	DIRECTOR	0.50	Director	$0	$0	$0
DERRICK PERKINS	DIRECTOR	0.50	Director	$0	$0	$0
DIMITRI DEVIEUX	DIRECTOR	0.50	Director	$0	$0	$0
DR ANNE KRESS	DIRECTOR	0.50	Director	$0	$0	$0
DR GREGORY WASHINGTON	DIRECTOR	0.50	Director	$0	$0	$0
DR J STEPHEN JONES	DIRECTOR	0.50	Director	$0	$0	$0
DR LANCE COLLINS THRU 7123	DIRECTOR	0.50	Director	$0	$0	$0
ED GRENIER	DIRECTOR	0.50	Director	$0	$0	$0
EILEEN ELLSWORTH	DIRECTOR	0.50	Director	$0	$0	$0
GEORGIA GRAVES	DIRECTOR	0.50	Director	$0	$0	$0
JACK MOORE	DIRECTOR	0.50	Director	$0	$0	$0
JANET OSBORN	DIRECTOR	0.50	Director	$0	$0	$0
JOHN A ALLEN THRU 7123	DIRECTOR	0.50	Director	$0	$0	$0
JOHN SONG	DIRECTOR	0.50	Director	$0	$0	$0
KATHY ALBARADO	DIRECTOR	0.50	Director	$0	$0	$0
KELLY SCHLAGETER	DIRECTOR	0.50	Director	$0	$0	$0
KENDALL HOLBROOK	DIRECTOR	0.50	Director	$0	$0	$0
KRISTINA BOUWEIRI	DIRECTOR	0.50	Director	$0	$0	$0
LEE DELONG	DIRECTOR	0.50	Director	$0	$0	$0
MARIA HARRIS TILDON	DIRECTOR	1.00	Director	$0	$0	$0
MARIO DELUCA	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY SCHRAGG	DIRECTOR	0.50	Director	$0	$0	$0
MARY-CLAIRE BURICK	DIRECTOR	0.50	Director	$0	$0	$0
MATT WHITE	DIRECTOR	0.50	Director	$0	$0	$0
MEREDITH PILARO	DIRECTOR	0.50	Director	$0	$0	$0
MIKE DISCENZA THRU 112123	DIRECTOR	0.50	Director	$0	$0	$0
MIKE PROCTOR	DIRECTOR	0.50	Director	$0	$0	$0
MITCH WEINTRAUB	DIRECTOR	0.50	Director	$0	$0	$0
MONICA SCHMUDE	DIRECTOR	0.50	Director	$0	$0	$0
PAUL MISENER	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT WEBB	DIRECTOR	0.50	Director	$0	$0	$0
RUTH ANN CLARK	DIRECTOR	1.00	Director	$0	$0	$0
RUTH WILLIAMS-BRINKLEY	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT HOMMER	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT MCGEARY	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT PRICE	DIRECTOR	0.50	Director	$0	$0	$0
STEPHANIE BERKOWITZ	DIRECTOR	0.50	Director	$0	$0	$0
STEPHANIE TURNER	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN DAY	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN MOSER	DIRECTOR	0.50	Director	$0	$0	$0
SUZAN CENGIZ	DIRECTOR	0.50	Director	$0	$0	$0
TIMMY NORTON	DIRECTOR	0.50	Director	$0	$0	$0
TONY ANIKEEFF	DIRECTOR	0.50	Director	$0	$0	$0
VICTOR HOSKINS	DIRECTOR	0.50	Director	$0	$0	$0
WAYNE CORINI	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN KELLY	VP, FINANCE & ADMIN	40.00	Key Emp	$166,005	$37,708	$203,713
NICK CLEMENTE	VP, GOV. RELATIONS	40.00	Highest	$113,846	$17,041	$130,887
JOHN WOODSTOCK	SALES DIRECTOR	40.00	Highest	$139,714	$9,477	$149,191

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	$2,283,913	$2,257,562	$1,254,721	$26,351
2022	$2,245,189	$2,205,208	$1,417,962	$39,981
2021	$2,612,844	$2,057,895	$1,286,675	$554,949
2020	$2,111,820	$2,064,274	$700,892	$47,546
2019	$2,550,885	$2,540,879	$581,510	$10,006
2018	$2,829,241	$3,013,215	$675,951	$-183,974

NORTHERN VIRGINIA CHAMBER OF COMMERCE INCORPORATED