The State Chamber Research Foundation (EIN 731114164) - 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

1980

Legal Domicile

Principal Officer

Chad Warmington

Phone

4052353669

Tax Period

2024-01-01 to 2024-12-31

The State Chamber Research Foundation, founded in 1980, is a small nonprofit in the Unknown sector that reported $523K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $661K exceeded revenue, resulting in a 26% operating deficit.

Mission

Perform and promote research regarding economic development opportunities

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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 $523,070

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $523,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $488,032

Other Expenses $660,919

TOTAL EXPENSES $660,919

Year-over-Year Comparison

	2024	2023	Change
Revenue	$523,070	$686,634	-0.2%
Expenses	$660,919	$550,786	+0.2%
Net Income	$-137,849	$135,848	-2.0%

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

N/A

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

$740,457

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bill Schonacher	President	1.00	Officer Director	$0	$0	$0
Kristin Peck	Vice-President	1.00	Officer Director	$0	$0	$0
Dana Weber	Secretary	1.00	Officer Director	$0	$0	$0
Kevin Gross	Treasurer	1.00	Officer Director	$0	$0	$0
Steve Hahn	Director	1.00	Director	$0	$0	$0
Rick Nagel	Director	1.00	Director	$0	$0	$0
Dan Boren	Director (thru Dec 2024)	1.00	Director	$0	$0	$0
John Wiscaver	Director	1.00	Director	$0	$0	$0
Kevin Wagner	Director	1.00	Director	$0	$0	$0
Bobby Stern	Director	1.00	Director	$0	$0	$0
William Paiva	Director	1.00	Director	$0	$0	$0
Chad Warmington	President & CEO	1.00	Officer	$0	$123,079	$603,269
Ben Lepak	Executive Director (thru Oct 2024)	40.00	Officer	$0	$8,960	$137,188

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	$523,070	$660,919	$791,817	$-137,849
2023	$686,634	$550,786	$812,227	$135,848
2022	$2,109,031	$1,877,150	$635,252	$231,881
2021	$242,250	$326,243	$393,749	$-83,993
2020	$564,213	$574,321	$424,938	$-10,108
2019	$329,297	$917,210	$232,374	$-587,913
2018	$19,661	$722,030	$803,678	$-702,369

The State Chamber Research Foundation