CLEAR LAKE 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

1962

Legal Domicile

Principal Officer

Cynthia Harreld-Dewease

Phone

2814887676

Tax Period

2024-10-01 to 2025-09-30

CLEAR LAKE AREA CHAMBER OF COMMERCE, founded in 1962, is a small nonprofit that reported $916K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

CHAMPTIONS FOR BUSINESS SUCCESS AND QUALITY OF LIFE IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $62,412 Revenue: $91,938

THE CLEAR LAKE AREA CHAMBER OF COMMERCE HOSTS APPROXIMATELY NINE TO TEN GENERAL MEMBERSHIP LUNCHEONS EACH YEAR TO INFORM MEMBERS ABOUT CURRENT EVENTS, LEGISLATIVE UPDATES, AND KEY INDUSTRY OR...

THE CLEAR LAKE AREA CHAMBER OF COMMERCE HOSTS APPROXIMATELY NINE TO TEN GENERAL MEMBERSHIP LUNCHEONS EACH YEAR TO INFORM MEMBERS ABOUT CURRENT EVENTS, LEGISLATIVE UPDATES, AND KEY INDUSTRY OR COMMUNITY ISSUES.

Program 2

Expenses: $28,236 Revenue: $74,850

THE ANNUAL CHAIRMAN'S BALL BANQUET PROMOTES INCREASED COMMUNITY INVOLVEMENT IN THE CLEAR LAKE AREA IN ORDER TO FURTHER THE DEVELOPMENT OF THE AREA.

Program 3

Expenses: $27,655 Revenue: $59,104

THE LEADERSHIP CLEAR LAKE IS A 9-MONTH PROGRAM WITH A DEDICATED CURRICULUM DESIGNED TO EDUCATE AND EQUIP FUTURE BUSINESS AND COMMUNITY LEADERS AND PROVIDE THEM WITH THE TOOLS AND KNOWLEDGE NEEDED TO...

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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 $319,973

Program Service Revenue $518,082

Investment Income $12,120

Other Revenue $65,375

TOTAL REVENUE $915,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $568,828

Fundraising Expenses $36,600

Program Expenses $584,059

Other Expenses $413,339

TOTAL EXPENSES $982,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$915,550	$831,716	+0.1%
Expenses	$982,167	$866,952	+0.1%
Net Income	$-66,617	$-35,236	+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

250

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

$189,740

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA HARRELD-DEWEASE	PRESIDENT/CEO	40	Officer	$156,802	$32,938	$189,740
VANESSA BARTHOLOMEW	DIRECTOR	2	Director	$0	$0	$0
GRAHAM BELL	DIRECTOR	1	Director	$0	$0	$0
JACOB BIGGER	CHAIRMAN OF THE BOARD	8	Officer Director	$0	$0	$0
BRAD BRICKER	DIRECTOR	2	Director	$0	$0	$0
KAT CLEMONS	VICE CHAIR MEMBERSHIP	3	Officer Director	$0	$0	$0
JAY COPPOCK	VICE CHAIR ADMINISTRATION	3	Officer Director	$0	$0	$0
AMY DOHERTY	CHAIR ELECT	4	Officer Director	$0	$0	$0
EZREAL J GARCIA	DIRECTOR	2	Director	$0	$0	$0
MIYOSHA HAYES-WESTON	DIRECTOR	2	Director	$0	$0	$0
ATUL JAIN	DIRECTOR	1	Director	$0	$0	$0
REBECCA LILLEY	PAST CHARIMAN OF THE BOARD	2	Officer Director	$0	$0	$0
RHIANNON NEGRON	DIRECTOR	2	Director	$0	$0	$0
KELLY PAGE	DIRECTOR	2	Director	$0	$0	$0
CHRIS PATEL	DIRECTOR	2	Director	$0	$0	$0
BIL PROVENZANO	DIRECTOR	2	Director	$0	$0	$0
SCOTT STILLMAN	DIRECTOR	2	Director	$0	$0	$0
JIM SWEENEY	DIRECTOR	2	Director	$0	$0	$0
LAURIAN TOLLET	VICE CHAIR FINANCE	4	Officer 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	$915,550	$982,167	$800,530	$-66,617
2024	$831,716	$866,952	$872,927	$-35,236
2023	$877,008	$830,661	$855,502	$46,347
2022	$752,869	$834,175	$824,582	$-81,306
2021	$946,478	$710,848	$882,436	$235,630
2020	$640,821	$695,563	$591,306	$-54,742
2019	$823,326	$788,910	$539,582	$34,416
2018	$771,814	$794,152	$546,296	$-22,338