ROGERS-LOWELL AREA CHAMBER OF COMMERCE (EIN 710029635) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1922

Legal Domicile

Principal Officer

RAYMOND BURNS

Phone

4796193185

Tax Period

2023-01-01 to 2023-12-31

ROGERS-LOWELL AREA CHAMBER OF COMMERCE, founded in 1922, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2018.

Mission

TO BE THE VOICE OF BUSINESS, TO PROMOTE AND INITATE RESPONSIBLE ECONOMIC GROWTH, AND TO ADDRESS COMMUNITY CHALLENGES IN THE ROGERS-LOWELL AREA AND THE REGION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,076,600

Program Service Revenue $2,055,457

Investment Income $90,449

Other Revenue $54,153

TOTAL REVENUE $3,276,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,033,122

Fundraising Expenses $0

Program Expenses $2,443,280

Other Expenses $1,137,420

TOTAL EXPENSES $3,170,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,276,659	$2,926,260	+0.1%
Expenses	$3,170,542	$2,678,886	+0.2%
Net Income	$106,117	$247,374	-0.6%

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

126

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

$460,844

Total Directors

$344,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND BURNS	PRESIDENT/CEO	50.00	Officer Director	$322,815	$21,852	$344,667
JERRY VEST	RIDC PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIN KIEFER	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE POWER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TOM ALLEN	CHAIRMAN ELECT	1.00	Officer Director	$0	$0	$0
RON BRANSCUM	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KIMBALL	DIRECTOR	1.00	Director	$0	$0	$0
JERRA TOMS	DIRECTOR	1.00	Director	$0	$0	$0
TANYA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA TURPIN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN BOOZMAN	DIRECTOR	1.00	Director	$0	$0	$0
DEAN FISHER	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA GRAYSON	DIRECTOR	1.00	Director	$0	$0	$0
KNIGHT WEIS	DIRECTOR	1.00	Director	$0	$0	$0
STENNETT THOMPKINS	DIRECTOR	1.00	Director	$0	$0	$0
MAT MOZZONI	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK KERRWOOD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PARKER	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLOTTE RANKIN	DIRECTOR	1.00	Director	$0	$0	$0
GAVEN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
BRANDY TUFT	DIRECTOR	1.00	Director	$0	$0	$0
JOSH VASQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN-MICHAEL SCURIO	DIRECTOR	1.00	Director	$0	$0	$0
VICKIE GROTTS	VP ACCOUNTING & FINANCE	50.00	Officer	$103,078	$13,099	$116,177
NELSON E PEACOCK	CEO OF NORTHWEST COUNCIL	50.00	Highest	$462,452	$32,229	$494,681
MICHAEL HARVEY	COO OF NORTHWEST COUNCIL	50.00	Highest	$261,754	$19,446	$281,200
RYAN CORK	HEALTH CARE DIRECTOR OF NW	50.00	Highest	$491,264	$22,176	$513,440
ANTHONY MCLARTY	EXECUTIVE DIRECTOR OF GROUNDWORK	50.00	Highest	$271,692	$29,897	$301,589

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	$3,276,659	$3,170,542	$3,922,592	$106,117
2022	$2,926,260	$2,678,886	$2,963,558	$247,374
2021	$3,164,413	$2,815,599	$2,512,519	$348,814
2020	$2,461,238	$2,739,234	$2,181,643	$-277,996
2019	$2,908,772	$2,965,248	$2,104,626	$-56,476
2018	$2,561,280	$2,600,599	$2,081,119	$-39,319

ROGERS-LOWELL AREA CHAMBER OF COMMERCE