Chamber of Commerce Norman

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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

1933

Legal Domicile

Phone

4053217260

Tax Period

2024-01-01 to 2024-12-31

Chamber of Commerce Norman, founded in 1933, is a small nonprofit that reported $989K in total revenue in fiscal year 2024.

Mission

Promote business and civic interests and general welfare of Norman and Cleveland County, OK

Program Service Accomplishments

Program 1

Expenses: $473,466

Referrals, networking, publications, mailings, business promotion and development, community services, leadership training, and special events

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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 $574,255

Program Service Revenue $329,403

Investment Income $33,765

Other Revenue $51,257

TOTAL REVENUE $988,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $599,062

Fundraising Expenses $127,966

Program Expenses $473,466

Other Expenses $398,439

TOTAL EXPENSES $997,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$988,680	$1,006,825	0.0%
Expenses	$997,501	$1,049,697	0.0%
Net Income	$-8,821	$-42,872	-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

Independent Members

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Hofman	Chair elect	1.00	Director	$0	$0	$0
Farooq Karim	Board Member	1.00	Director	$0	$0	$0
Kimberlee Adams	Vice Chairleadership development	1.00	Director	$0	$0	$0
Lucien Bridges	Board Chair	1.00	Director	$0	$0	$0
Mark Ledbetter	Board Member	0.00	Director	$0	$0	$0
Vacancy Marla Freeman	Board Member	1.00	Director	$0	$0	$0
Robyn Castleberry	Board Member	1.00	Director	$0	$0	$0
Rocky Williams	Board Member	1.00	Director	$0	$0	$0
Tom Cooper	Board Member	1.00	Director	$0	$0	$0
Tyler McManaman	Board Member	1.00	Director	$0	$0	$0
Vacancy Trent Wells	Board Member	1.00	Director	$0	$0	$0
Amish Zaver	Board Member	1.00	Director	$0	$0	$0
Cortney Parker	Board Member	1.00	Director	$0	$0	$0
Eddie Blankenship	Board Member	1.00	Director	$0	$0	$0
Gary Gage	Board Member	1.00	Director	$0	$0	$0
Laura Moxley	Vice Chair of Business	1.00	Director	$0	$0	$0
Lisa Dionisio	SecretaryTreasurer	1.00	Director	$0	$0	$0
Mark Yeary	Board Member	1.00	Director	$0	$0	$0
Melissa Houston	Board member	1.00	Director	$0	$0	$0
Meredith Dunn	Board member	1.00	Director	$0	$0	$0
Nancy Coggins	Board Member	1.00	Director	$0	$0	$0
Andrea Dillard	Board Member	1.00	Director	$0	$0	$0
Ashley Jackson	Board Member	1.00	Director	$0	$0	$0
Brandon Hopper	Board Member	1.00	Director	$0	$0	$0
Daniel Remington	Board Member	1.00	Director	$0	$0	$0
Kelly Lashar	Board Member	1.00	Director	$0	$0	$0
Kevin Hopper	Board Member	1.00	Director	$0	$0	$0
Lydell Williams	Board Member	1.00	Director	$0	$0	$0
Matt Robinson	Board Member	1.00	Director	$0	$0	$0
Roger Allen	Board Member	1.00	Director	$0	$0	$0
Scott Meier	Board Member	1.00	Director	$0	$0	$0
Jim Wade	Vice ChairGovernment Affairs	1.00	Director	$0	$0	$0
David Nimmo	Past board chair	1.00	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	$988,680	$997,501	$1,004,042	$-8,821
2024	No data	No data	No data	No data
2023	$1,006,825	$1,049,697	$935,402	$-42,872
2022	$1,018,588	$1,215,678	$966,741	$-197,090
2021	$1,520,849	$1,030,684	$1,166,853	$490,165
2020	$996,186	$1,012,744	$645,482	$-16,558
2019	$1,051,406	$1,064,514	$670,853	$-13,108
2018	$968,308	$963,261	$691,842	$5,047