OAK RIDGE CHAMBER OF COMMERCE (EIN 620572006) - 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

1973

Legal Domicile

Principal Officer

CHRISTINE MICHAELS

Phone

8654831321

Tax Period

2023-01-01 to 2023-12-31

OAK RIDGE CHAMBER OF COMMERCE, founded in 1973, is a small nonprofit that reported $591K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 20% operating margin.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT

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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 $518,688

Program Service Revenue $0

Investment Income $5,923

Other Revenue $66,183

TOTAL REVENUE $590,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,733

Fundraising Expenses $0

Other Expenses $220,866

TOTAL EXPENSES $472,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$590,794	$465,324	+0.3%
Expenses	$472,599	$571,001	-0.2%
Net Income	$118,195	$-105,677	-2.1%

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

N/A

Employees

Volunteers

150

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

$149,690

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE MICHAELS	PRESIDENT/CE	40.00	Officer	$139,000	$10,690	$149,690
SCOTT ANDERSON	BOARD MEMBER	N/A	Director	$0	$0	$0
SAAD AQQAD	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVE BECK	BOARD MEMBER	N/A	Director	$0	$0	$0
JEREMY BIGGS	BOARD MEMBER	N/A	Director	$0	$0	$0
IVAN BOATNER	BOARD MEMBER	N/A	Director	$0	$0	$0
BRUCE BORCHERS	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVID BRADSHAW	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE BROWN	CHAIR	N/A	Director	$0	$0	$0
CHIP DOOLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
MAYOR WARREN GOOCH	BOARD MEMBER	N/A	Director	$0	$0	$0
STEPHANIE HALE-SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
RANDY HEMANN	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRIS MORTON	BOARD MEMBER	N/A	Director	$0	$0	$0
LAUREL PATRICK	BOARD MEMBER	N/A	Director	$0	$0	$0
GENE PATTERSON	BOARD MEMBER	N/A	Director	$0	$0	$0
ROGER PETRIE	BOARD MEMBER	N/A	Director	$0	$0	$0
KRISTIN ROBERTUCCI	BOARD MEMBER	N/A	Director	$0	$0	$0
ARCHIE SMART	BOARD MEMBER	N/A	Director	$0	$0	$0
JESSE SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
KIM SOUTHMAYD	BOARD MEMBER	N/A	Director	$0	$0	$0
TOM TUCK	BOARD MEMBER	N/A	Director	$0	$0	$0
JOE VALENTINO	BOARD MEMBER	N/A	Director	$0	$0	$0
JENNY VIPPERMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
PHILIP VOEGTLE	BOARD MEMBER	N/A	Director	$0	$0	$0
TIMOTHY ALAN WALDO	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRIS WHALEY	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES WOOD	BOARD MEMBER	N/A	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	$590,794	$472,599	$802,046	$118,195
2022	$465,324	$571,001	$740,781	$-105,677
2021	$676,474	$486,333	$692,095	$190,141
2020	$599,102	$523,778	$655,229	$75,324
2019	$544,625	$630,104	$637,995	$-85,479
2018	$572,904	$635,099	$646,226	$-62,195

OAK RIDGE CHAMBER OF COMMERCE