Chamber of Commerce Norman

EIN: 730374880

Norman, OK

Total Revenue
$988,680
Total Expenses
$997,501
Total Assets
$1,004,042
Net Assets
$845,278
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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
OK
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

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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%)

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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

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Governance

Voting Members
33
Independent Members
33
Employees
7
Volunteers
30

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
0
$0
Total Directors
33
$0
Key Employees
0
$0
Highest Compensated
0
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
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