GREATER VERNON CHAMBER OF COMMERCE (EIN 720368037) - 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

1972

Legal Domicile

Principal Officer

LOGAN MORRIS

Phone

3372380349

Tax Period

2022-01-01 to 2022-12-31

GREATER VERNON CHAMBER OF COMMERCE, founded in 1972, is a small nonprofit that reported $185K in total revenue in fiscal year 2022. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $177K left a modest 5% surplus.

Mission

TO PROMOTE BUSINESS AND ENHANCE ECONOMIC AND COMMUNITY DEVELOPMENT AND SERVE AS A CATALYST FOR IMPROVING THE OVERALL QUALITY OF

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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 (2022)

Revenue Breakdown

Contributions & Grants $54,639

Program Service Revenue $0

Investment Income $0

Other Revenue $130,684

TOTAL REVENUE $185,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,320

Fundraising Expenses $0

Other Expenses $92,351

TOTAL EXPENSES $176,671

Year-over-Year Comparison

	2022	2021	Change
Revenue	$185,323	$109,568	+0.7%
Expenses	$176,671	$58,148	+2.0%
Net Income	$8,652	$51,420	-0.8%

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

235

Independent Members

235

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

Total Directors

Key Employees

$77,885

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOGAN MORRIS	EXECUTIVE DIRECTOR	3.00	Key Emp	$30,233	$0	$30,233
LOGAN MORRIS	PRESIDENT	3.00	Officer	$0	$0	$0
JAMES MERRITT	IMMEDIATE PAST PRESIDENT	3.00	Officer	$0	$0	$0
MICHAEL BEALER	1ST VICE PRESIDENT	3.00	Officer	$0	$0	$0
CHRISTINA LORD	2ND VICE PRESIDENT	3.00	Officer	$0	$0	$0
REBECCA HARRIS	EXECUTIVE ASSISTANT	20.00	Key Emp	$9,570	$0	$9,570
JAMIE HOOD	EXECUTIVE ASSISTANT	20.00	Key Emp	$2,325	$0	$2,325
WILMA FUNDERBURK	WORKER	20.00	Key Emp	$13,850	$0	$13,850
SHARON STUKENBORG	WORKER	20.00	Key Emp	$13,820	$0	$13,820
JAMIE BLUM	MARKETING COORDINATOR	20.00	Key Emp	$8,087	$0	$8,087

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
2022	$185,323	$176,671	$78,278	$8,652
2021	$109,568	$58,148	$87,925	$51,420
2020	$113,643	$153,488	$103,306	$-39,845
2019	$188,912	$192,737	$137,443	$-3,825
2018	$215,181	$220,385	$150,227	$-5,204

GREATER VERNON CHAMBER OF COMMERCE