Choctaw Area Chamber of Commerce

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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

1977

Legal Domicile

Principal Officer

Carol Goodwin

Phone

4053903303

Tax Period

2018-01-01 to 2018-12-31

Choctaw Area Chamber of Commerce, founded in 1977, is a small nonprofit in the Community Improvement sector that reported $119K in total revenue in fiscal year 2018. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $157K exceeded revenue, resulting in a 32% operating deficit.

Mission

To promote the growth of existing businesses and the development of new business by representing its membership and providing services to its members.

Program Service Accomplishments

Program 1

The programs and services of the Choctaw Chamber of Commerce served over 300 business entities during the year through various events and partnerships in the Eastern Oklahoma County 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 (2018)

Revenue Breakdown

Contributions & Grants $66,475

Program Service Revenue $0

Investment Income $16

Other Revenue $52,371

TOTAL REVENUE $118,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,212

Fundraising Expenses $0

Other Expenses $64,001

TOTAL EXPENSES $157,213

Year-over-Year Comparison

	2018	2017	Change
Revenue	$118,862	$189,736	-0.4%
Expenses	$157,213	$200,402	-0.2%
Net Income	$-38,351	$-10,666	+2.6%

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

$50,595

Total Directors

Key Employees

$26,737

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alex Lancaster	Chairman	2.00	Director	$0	$0	$0
Justin Smedley	Chairman Elect	2.00	Director	$0	$0	$0
John Primo	Vice Chairman	2.00	Director	$0	$0	$0
Todd Young	Treasurer	2.00	Director	$0	$0	$0
Sara Botchlet	Immediate Past Chairman	2.00	Director	$0	$0	$0
Carol Goodwin	President & CEO	40.00	Officer	$20,913	$0	$20,913
Tracy Qualls	Former President & CEO	40.00	Officer	$29,682	$0	$29,682
Rebecca Harkey	Former Asst to President	40.00	Key Emp	$26,737	$0	$26,737

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
2018	$118,862	$157,213	$136,165	$-38,351