ARLINGTON CHAMBER OF COMMERCE FOUNDATION INC (EIN 542085214) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

MICHAEL JACOBSON

Tax Period

2023-10-01 to 2024-09-30

ARLINGTON CHAMBER OF COMMERCE FOUNDATION INC, founded in 2003, is a micro nonprofit in the Community Improvement sector that reported $20K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $46K exceeded revenue, resulting in a 127% operating deficit.

Mission

SERVE AS A SUPPORTING ORGANIZATION TO THE ARLINGTON CHAMBER OF COMMERCE AND TO LESSEN THE BURDENS OF THE ARLINGTON LOCAL GOVERNMENT WITH RESPECT TO MATTERS OF ECONOMIC DEVELOOPMENT AND URBAN LAND USE AND TO PROVIDE EDUCATION TO THE PUBLIC ABOUT LOCAL GOVERNMENT. FORM 990, PART VI, LINE 6 - CLASSES OF MEMBERS OR STOCKHOLDERS ORGANIZED WITH MEMBERS FORM 990, PART VI, LINE 7A - ELECTION OF MEMBERS AND THEIR RIGHTS THERE IS A NOMINATION PROCESS EVERY YEAR TO ELECT THE BOARD OF DIRECTOS. MEMBERS AND EMPLOYEES CAN MAKE RECOMMENDATIONS. FORM 990, PART VI, LINE 7B - DECISIONS SUBJECT TO APPROVAL OF MEMBERS DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO A VOTE BY THE BOARD. FORM 990, PART VI, LINE 12C - ENFORCEMENT OF CONFLICTS POLICY IS DISTRIBUTED AT YEAR END AND THE BOARD OF DIRECTOS VOTES ON ANY CHANGES AND THEY APPROVE THE POLICY, AND BOARD MEMBERS SIGN AN ACKNOWLEDGEMENET.

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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 $19,200

Program Service Revenue $0

Investment Income $848

Other Revenue $0

TOTAL REVENUE $20,048

Expense Breakdown

Grants Paid $45,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,500

Other Expenses $0

TOTAL EXPENSES $45,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,048	$23,426	-0.1%
Expenses	$45,500	$37,861	+0.2%
Net Income	$-25,452	$-14,435	+0.8%

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

N/A

Volunteers

N/A

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

$280,876

Total Directors

$280,876

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL JACOBSON	PRESIDENT/CE	40.00	Officer Director	$0	$28,511	$280,876
DON DUKE	CHAIRMAN	1.00	Director	$0	$0	$0
TERRY GAINES	TREASURER	1.00	Director	$0	$0	$0
DARLA PEZNELL	DIRECTOR	1.00	Director	$0	$0	$0
JIM MAIBACH	DIRECTOR	1.00	Director	$0	$0	$0
CINDY SALTER	DIRECTOR	1.00	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	$20,048	$45,500	$60,488	$-25,452
2023	$23,426	$37,861	$85,940	$-14,435
2022	$55,637	$52,325	$100,375	$3,312
2021	$43,283	$43,825	$97,063	$-542
2020	$53,403	$38,158	$97,605	$15,245
2019	$31,384	$133,104	$92,360	$-101,720
2018	$32,125	$253,000	$184,080	$-220,875

ARLINGTON CHAMBER OF COMMERCE FOUNDATION INC