Morrisville Chamber of Commerce

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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

1990

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Morrisville Chamber of Commerce, founded in 1990, is a small nonprofit that reported $331K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $387K exceeded revenue, resulting in a 17% operating deficit.

Mission

To promote business, enhance economic and community development while serving as a champion for improving the overall quality of life in the region.

Program Service Accomplishments

Program 1

Expenses: $247,969

The Chamber has successfully developed and produced programs and events and has provided its members with numerous opportunities for networking and growing the economy of Morrisville.

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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 $85,074

Program Service Revenue $205,315

Investment Income $0

Other Revenue $40,364

TOTAL REVENUE $330,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,069

Fundraising Expenses $40,726

Program Expenses $247,969

Other Expenses $199,949

TOTAL EXPENSES $387,018

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,753	$356,679	-0.1%
Expenses	$387,018	$339,824	+0.1%
Net Income	$-56,265	$16,855	-4.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brandon Zuidema	Ex Officio	1.00	Director	$0	$0	$0
Emily Zeigler	Member at Large	1.00	Director	$0	$0	$0
Kevin Leder	Member at Large	1.00	Director	$0	$0	$0
Veronica Bent	Immediate Past Chair	1.00	Director	$0	$0	$0
Latrinda Riley	Treasurer	1.00	Officer	$0	$0	$0
Sean Kerns	Chair	1.00	Officer	$0	$0	$0
Kimberly Sharman Bryce	Chair Elect	1.00	Officer	$0	$0	$0
Rose Cornelius	Chamber President	40.00	Key Emp	$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	$330,753	$387,018	$387,722	$-56,265
2022	$356,679	$339,824	$450,450	$16,855
2021	$312,158	$312,367	$436,264	$-209
2020	$396,588	$402,234	$411,863	$-5,646
2019	$408,371	$515,920	$423,283	$-107,549
2018	$451,918	$447,134	$456,068	$4,784