GREATER LAKEPORT CHAMBER OF COMMERCE (EIN 680159445) - 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

1991

Legal Domicile

Principal Officer

Amanda Martin

Phone

7072635092

Tax Period

2024-01-01 to 2024-12-31

GREATER LAKEPORT CHAMBER OF COMMERCE, founded in 1991, is a small nonprofit that reported $210K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $252K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO ELEVATE THE ECONOMIC VITALITY AND PROSPERITY OF LAKE COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $103,014

Program Service Revenue $107,031

Investment Income $0

Other Revenue $0

TOTAL REVENUE $210,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,438

Fundraising Expenses $0

Program Expenses $96,720

Other Expenses $152,698

TOTAL EXPENSES $252,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,045	$247,196	-0.2%
Expenses	$252,136	$219,880	+0.1%
Net Income	$-42,091	$27,316	-2.5%

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

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

$1,000

Total Directors

$11,654

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Viola Eggel	admin	32.00		$20,165	$0	$20,165
Coleen Lee	Bookkeeper	32.00		$16,255	$0	$16,255
Greg Folsom	Director	16.00	Director	$10,654	$0	$10,654
Amanda Martin	CEO	40.00	Officer Director	$1,000	$0	$1,000
Kendall Fults	Director	2.00	Director	$0	$0	$0
Weston Siefert	Director	2.00	Director	$0	$0	$0
Don Smith	President	2.00	Director	$0	$0	$0
Robert Boccabella	President Elect	2.00	Director	$0	$0	$0
Diane Plante	Treasurer	2.00	Director	$0	$0	$0
Alex Nunez	Director	2.00	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	$210,045	$252,136	$36,331	$-42,091
2023	$247,196	$219,880	$81,599	$27,316
2022	$220,538	$255,109	$54,283	$-34,571
2021	$238,734	$239,919	$96,257	$-1,185
2020	$206,221	$196,615	$97,442	$9,606

GREATER LAKEPORT CHAMBER OF COMMERCE