SOUTH LAKE CHAMBER OF COMMERCE INC (EIN 590573859) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

DAVID COLBY

Phone

3523944191

Tax Period

2024-01-01 to 2024-12-31

SOUTH LAKE CHAMBER OF COMMERCE INC, founded in 1990, is a small nonprofit that reported $694K in total revenue in fiscal year 2024. The organization ran a surplus of $104K, a strong 15% operating margin.

Mission

MAINTAIN AN ENVIRONMENT WHERE BUSINESS AND COMMUNITY WILL PROSPER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,000

Program Service Revenue $555,150

Investment Income $17,841

Other Revenue $115,600

TOTAL REVENUE $693,591

Expense Breakdown

Grants Paid $0

Salaries & Benefits $322,876

Fundraising Expenses $161,463

Program Expenses $397,207

Other Expenses $266,577

TOTAL EXPENSES $589,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$693,591	$643,912	+0.1%
Expenses	$589,453	$584,091	+0.0%
Net Income	$104,138	$59,821	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

250

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

$137,093

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID COLBY	PRESIDENT	40.00	Officer	$137,093	$0	$137,093
BRIDGETTRE BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BROADWAY	DIRECTOR	1.00	Director	$0	$0	$0
MARY LOU BURDETTE-WIELOSZYNSKI	DIRECTOR	1.00	Director	$0	$0	$0
REGINA CRUZ-MORALES	DIRECTOR	1.00	Director	$0	$0	$0
DR NANCY CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
ZACH DECKER	DIRECTOR	1.00	Director	$0	$0	$0
JENNA EMERSON	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK GAINSFORD	DIRECTOR	1.00	Director	$0	$0	$0
JEAN GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
JIM HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
REBEKAH HURD	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN JAMIESON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF OSTERMAN	DIRECTOR	1.00	Director	$0	$0	$0
RICK SABORIDO	DIRECTOR	1.00	Director	$0	$0	$0
HELEN G SNEED	DIRECTOR	1.00	Director	$0	$0	$0
AIMEE STANLEY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL WHITEHOUSE	DIRECTOR	1.00	Director	$0	$0	$0
MONICA WOLFFORD	DIRECTOR	1.00	Director	$0	$0	$0
THOM KIEFT	IMMEDIATE PA	1.00	Officer	$0	$0	$0
DONNA KIRTLAND	TREASURER	5.00	Officer	$0	$0	$0
JAMIE LOWE	VICE CHAIR	5.00	Officer	$0	$0	$0
SHERI OLSON	BOARD CHAIR	5.00	Officer	$0	$0	$0
JEFF POWELL	SECRETARY	5.00	Officer	$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	$693,591	$589,453	$814,906	$104,138
2023	$643,912	$584,091	$711,326	$59,821
2022	$577,915	$533,367	$637,404	$44,548
2021	$479,291	$447,107	$539,398	$32,184
2020	$374,377	$374,503	$456,092	$-126
2019	$468,216	$447,984	$458,353	$20,232
2018	$441,226	$419,951	$410,007	$21,275

SOUTH LAKE CHAMBER OF COMMERCE INC