ADA AREA CHAMBER OF COMMERCE (EIN 730120450) - 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

1924

Legal Domicile

Principal Officer

GAGE BUSBY

Phone

5803322506

Tax Period

2023-01-01 to 2023-12-31

ADA AREA CHAMBER OF COMMERCE, founded in 1924, is a small nonprofit that reported $224K in total revenue in fiscal year 2023.

Mission

TO PROVIDE FUNDS TO KEEP MEMBERS INFORMED OF ECONOMIC CONDITIONS, EMPLOYMENT TRENDS AND POTENTIAL BUSINESSES THAT WOULD WANT TO LOCATE IN THE ADA AREA AS WELL AS PROVIDING A STIMULUS FOR 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 $0

Program Service Revenue $217,163

Investment Income $7,165

Other Revenue $0

TOTAL REVENUE $224,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,910

Fundraising Expenses $0

Other Expenses $95,840

TOTAL EXPENSES $217,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$224,328	$224,061	+0.0%
Expenses	$217,750	$203,848	+0.1%
Net Income	$6,578	$20,213	-0.7%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WADE EVANS	CHAIRMAN	N/A	Officer Director	$0	$0	$0
CHRIS FEILER	CHAIR ELECT	N/A	Officer Director	$0	$0	$0
GAGE BUSBY	TREASURER	N/A	Officer Director	$0	$0	$0
JESSICA BECK	PAST CHAIR	N/A	Officer 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	$224,328	$217,750	$342,137	$6,578
2022	$224,061	$203,848	$339,860	$20,213
2021	$225,048	$149,802	$316,649	$75,246
2020	$117,845	$170,501	$242,464	$-52,656
2019	$206,203	$181,246	$212,478	$24,957
2018	$216,127	$186,913	$187,193	$29,214

ADA AREA CHAMBER OF COMMERCE