CLAREMORE AREA CHAMBER OF COMMERCE (EIN 730528393) - 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

1942

Legal Domicile

Principal Officer

BARBY MYERS

Phone

9183412818

Tax Period

2023-01-01 to 2023-12-31

CLAREMORE AREA CHAMBER OF COMMERCE, founded in 1942, is a small nonprofit that reported $351K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE CONTINUING MISSION OF THE CLAREMORE CHAMBER IS TO SERVE ITS MEMBERSHIP AND TO ADVANCE ECONOMIC, INDUSTRIAL, PROFESSIONAL, CULTURAL, CIVIC WELFARE, AND ENHANCE THE QUALITY OF LIFE FOR THE CITIZENS OF THE CLAREMORE AREA.

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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 $114,492

Program Service Revenue $236,470

Investment Income $404

Other Revenue $0

TOTAL REVENUE $351,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,161

Fundraising Expenses $0

Other Expenses $180,725

TOTAL EXPENSES $356,886

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,366	$310,943	+0.1%
Expenses	$356,886	$350,652	+0.0%
Net Income	$-5,520	$-39,709	-0.9%

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

$92,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBY MYERS	President & CEO	40.00	Officer	$92,000	$0	$92,000
JIM SIMMONS	Chairman	0.00	Officer Director	$0	$0	$0
JASON CARINI	ADVISORY	0.00	Director	$0	$0	$0
JASON JONES	DIV VICE-CHAIR	0.00	Officer Director	$0	$0	$0
KEVIN FORTNA	Treasurer	0.00	Officer Director	$0	$0	$0
SARAH HAYES	DIV VICE-CHAIR	0.00	Director	$0	$0	$0
JOSH CANTWELL	ADVISORY	0.00	Director	$0	$0	$0
THAD REIMER	Director	0.00	Director	$0	$0	$0
GRANT GINGERICH	CHAIR-ELECT	0.00	Director	$0	$0	$0
BRIAN O'DELL	DIV VICE-CHAIR	0.00	Director	$0	$0	$0
CARI BOHANNAN	Director	0.00	Director	$0	$0	$0
GENTRY STAFFORD	Director	0.00	Director	$0	$0	$0
BRIAN PLUMMER	Director	0.00	Director	$0	$0	$0
MEGGIE FROMAN-KNIGHT	Director	0.00	Director	$0	$0	$0
JAMIE KENNEDY	Director	0.00	Director	$0	$0	$0
KENNY HINDENBURG	ADVISORY	0.00	Director	$0	$0	$0
BRIAN TREAT	Director	0.00	Director	$0	$0	$0
MARK RASON	ADVISORY	40.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$351,366	$356,886	$179,198	$-5,520
2022	$310,943	$350,652	$182,278	$-39,709
2021	$355,303	$310,081	$224,733	$45,222
2020	$294,119	$275,197	$173,660	$18,922
2019	$271,424	$297,574	$168,341	$-26,150
2018	$245,466	$280,407	$189,848	$-34,941

CLAREMORE AREA CHAMBER OF COMMERCE