WEIRTON AREA CHAMBER OF COMMERCE

EIN: 550305140

Weirton, WV

Total Revenue
$139,128
Total Expenses
$145,900
Total Assets
$80,060
Net Assets
$74,190
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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
1935
Legal Domicile
WV
Tax Period
2023-01-01 to 2023-12-31

WEIRTON AREA CHAMBER OF COMMERCE, founded in 1935, is a small nonprofit that reported $139K in total revenue in fiscal year 2023.

Mission

THE WEIRTON AREA CHAMBER OF COMMERCE IS A VOLUNTARY, NON-PROFIT PARTNERSHIP OF BUSINESS AND PROFESSIONAL PEOPLE WORKING TOGETHER TOWARDS A COMMON GOAL - TO BUILD A HEALTHLY LOCAL ECONOMY AND TO IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

THE WEIRTON AREA CHAMBER OF COMMERCE WORKS TO PROMOTE BUSINESSES WITHIN THE COMMUNITY THROUGH THE USE OF VARIOUS PROMOTIONAL OUTLETS AND FUNDRAISIG EVENTS. THE CHAMBER ALSO PUTS ON EDUCATIONAL EVENTS...

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THE WEIRTON AREA CHAMBER OF COMMERCE WORKS TO PROMOTE BUSINESSES WITHIN THE COMMUNITY THROUGH THE USE OF VARIOUS PROMOTIONAL OUTLETS AND FUNDRAISIG EVENTS. THE CHAMBER ALSO PUTS ON EDUCATIONAL EVENTS THAT TEACH AND ENCOURAGE INDIVIDUALS TO BE GOOD STEWARDS OF THE COMMUNITY.

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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 $88,466
Program Service Revenue $20,568
Investment Income $8
Other Revenue $30,086
TOTAL REVENUE $139,128

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $82,232
Fundraising Expenses $0
Other Expenses $61,668
TOTAL EXPENSES $145,900

Year-over-Year Comparison

2023 2022 Change
Revenue $139,128 $145,197 0.0%
Expenses $145,900 $142,182 +0.0%
Net Income $-6,772 $3,015 -3.2%
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

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Governance

Voting Members
14
Independent Members
14
Employees
3
Volunteers
35

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
5
$49,152
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDA MULL PRESIDENT 40.00
Officer
$49,152 $0 $49,152
CHRIS ORRIS DIRECTOR 0.00
Director
$0 $0 $0
JASON QUATTORCHI DIRECTOR 0.00
Director
$0 $0 $0
JOE LOMBARDI DIRECTOR 0.00
Director
$0 $0 $0
BRANDON PALMERI DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL WEAVER DIRECTOR 0.00
Director
$0 $0 $0
LISA SOLY SECETARY 0.00
Director
$0 $0 $0
WALTER RUSZKOWSKI DIRECTOR 0.00
Director
$0 $0 $0
WILL BEAUMONT DIRECTOR 0.00
Director
$0 $0 $0
JOE BARNABEI DIRECTOR 0.00
Director
$0 $0 $0
ROGER ISLA DIRECTOR 0.00
Director
$0 $0 $0
JOYIA LYTLE CHAIRMAN 0.00
Officer Director
$0 $0 $0
NICK LATOUSAKIS TREASURER 0.00
Officer Director
$0 $0 $0
CRAIG HOWELL DIRECTOR 0.00
Officer Director
$0 $0 $0
GEORGE KONDIK VICE CHAIR 0.00
Officer 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 No data No data No data No data
2023 $139,128 $145,900 $80,060 $-6,772
2022 $145,197 $142,182 $86,164 $3,015
2021 $136,948 $136,678 $92,952 $270
2020 $116,813 $119,301 $109,451 $-2,488
2019 $145,914 $149,741 $90,592 $-3,827
2018 $151,132 $151,565 $98,131 $-433
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