EDMOND AREA CHAMBER OF COMMERCE INC

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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

1907

Legal Domicile

Principal Officer

SHERRY JORDAN

Phone

4053412808

Tax Period

2024-01-01 to 2024-12-31

EDMOND AREA CHAMBER OF COMMERCE INC, founded in 1907, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024.

Mission

THE EDMOND CHAMBER OF COMMERCE OFFERS ITS MEMBERS AN ARRAY OF PROGRAMS, EVENTS, AND SERVICES DESIGNED TO MEET THE NEEDS OF A DYNAMIC GROWING BUSINESS COMMUNITY. THE CHAMBERS ANNUAL CALENDAR INCLUDES OVER 70 EVENTS INCLUDING NETWORKING OPPORTUNITIES, EDUCATIONAL MEETINGS, AND LEADERSHIP DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $284,120 Revenue: $582,539

MEMBERSHIP SUPPORT - THE CHAMBER CONTINUALLY STRIVES TO DEVELOP NETWORKING, MARKETING, EDUCATIONAL AND ADVOCACY OPPORTUNITIES FOR ITS MEMBERS.

Program 2

Expenses: $29,521 Revenue: $65,690

ANNUAL BANQUET - THE ANNUAL AWARDS BANQUET IS HELD TO HONOR CHAMBER AND COMMUNITY LEADERS AND VOLUNTEERS FOR THE YEAR. THE MOST PRESTIGIOUS AWARD IS THE SMALL BUSINESS OF THE YEAR AWARD, FOR WHICH 50 BUSINESSES ARE TYPICALLY NOMINATED. BASED ON THEIR WRITTEN APPLICATIONS, 3 FINALISTS ARE NAMED AND THEN THOSE FINALISTS GO THROUGH AN INTERVIEW PROCESS. THE WOMAN OF THE YEAR AWARD, YOUNG PROFESSIONAL OF THE YEAR AWARD, AND COMMUNITY CITIZEN OF THE YEAR YOUNG PROFESSIONAL OF THE YEAR AWARD, AND COMMUNITY CITIZEN OF THE YEAR

Program 3

Expenses: $24,668 Revenue: $53,453

LEADERSHIP EDMOND IS A LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO PROVIDE COMMUNITY LEADERS WITH A DEEPER UNDERSTANDING OF THE CRITICAL ISSUES AFFECTING THE EDMOND AREA. THE PROGRAM BEGINS WITH A TWO DAY OVERNIGHT RETREAT WHICH FOCUSES ON COMMUNITY LEADERSHIP SKILLS. THE REMAINING 8 DAY LONG SESSIONS MEET ONCE A MONTH AND EACH FOCUS ON A SPECIFIC COMMUNITY TOPIC SUCH AS CITY GOVERNMENT, EDUCATION, HEALTH AND WELLNESS, STATE GOVERNMENT, AND CULTURE / RECREATION. CLASS SIZE IS LIMITED TO 35 INDIVIDUALS. CLASS MEMBERS ARE SELECTED TO REPRESENT A BROAD RANGE OF OCCUPATIONS AND BACKGROUNDS. PARTICIPANTS RECEIVE IN-DEPTH EXPOSURE TO THE CRITICAL ISSUES FACING THE COMMUNITY.

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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 $0

Program Service Revenue $855,290

Investment Income $61,400

Other Revenue $130,975

TOTAL REVENUE $1,047,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $565,460

Fundraising Expenses $165,469

Program Expenses $871,724

Other Expenses $520,715

TOTAL EXPENSES $1,086,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,047,665	$1,060,491	0.0%
Expenses	$1,086,175	$1,069,474	+0.0%
Net Income	$-38,510	$-8,983	+3.3%

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

150

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

$178,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRY JORDAN	PRESIDENT & CEO	40.00	Officer	$175,300	$3,200	$178,500
MICHELLE KEYLON	CHAIRWOMAN	3.00	Officer Director	$0	$0	$0
LESLIE BUFORD	IMMEDIATE PAST CHAIR	3.00	Officer Director	$0	$0	$0
KENNETH WOHL	CHAIR-ELECT / TREASURER	3.00	Officer Director	$0	$0	$0
KEVIN FREEMAN	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
JULIE LEBLANC	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
SHANDY BELFORD	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
JAMEY MULLIN	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
REX SHRINER	MEMBER	3.00	Director	$0	$0	$0
SCOT RIGBY	MEMBER	3.00	Director	$0	$0	$0
ANGIE WARD	MEMBER	3.00	Director	$0	$0	$0
EVAN COMER	MEMBER	3.00	Director	$0	$0	$0
WILL BLANCHARD	MEMBER	3.00	Director	$0	$0	$0
JIM TRENT	MEMBER	3.00	Director	$0	$0	$0
RANDY DECKER	MEMBER	3.00	Director	$0	$0	$0
JON RULE	MEMBER	3.00	Director	$0	$0	$0
VALERIE MORRISON	MEMBER	3.00	Director	$0	$0	$0
BRAD WEBER	MEMBER	3.00	Director	$0	$0	$0
JASON PEREZ	MEMBER	3.00	Director	$0	$0	$0
CHRIS ANDERSON	MEMBER	3.00	Director	$0	$0	$0
BRANDON RADER	MEMBER	3.00	Director	$0	$0	$0
JAN MORAN	MEMBER	3.00	Director	$0	$0	$0
CHAD SMITH	MEMBER	3.00	Director	$0	$0	$0
MARTHA BALL	MEMBER	3.00	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	$1,047,665	$1,086,175	$1,635,781	$-38,510
2023	$1,060,491	$1,069,474	$1,641,723	$-8,983
2022	$994,459	$949,321	$1,669,157	$45,138
2021	$1,046,254	$905,746	$1,633,745	$140,508
2020	$937,660	$879,253	$1,395,404	$58,407