SILSBEE CHAMBER OF COMMERCE (EIN 741509074) - 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

1946

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SILSBEE CHAMBER OF COMMERCE, founded in 1946, is a micro nonprofit that reported $80K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $109K exceeded revenue, resulting in a 37% operating deficit.

Mission

SILSBEE CHAMBER OF COMMERCE IS A NON-PROFIT ORGANIZATION PROMOTING BUSINESS AND ECONOMIC WELFARE FOR SILSBEE AND THE SURROUNDING AREAS.

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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 $79,597

Program Service Revenue $0

Investment Income $39

Other Revenue $0

TOTAL REVENUE $79,636

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $42,072

Fundraising Expenses $0

Program Expenses $109,291

Other Expenses $65,144

TOTAL EXPENSES $109,291

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,636	$144,947	-0.5%
Expenses	$109,291	$120,390	-0.1%
Net Income	$-29,655	$24,557	-2.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stacy Lajoie	Board Member	2.00		$0	$0	$0
Rachel Donelson	Board Member	2.00		$0	$0	$0
Mark Hill	Board Member	2.00		$0	$0	$0
Nathan White	Board Member	2.00		$0	$0	$0
Sissy McInnis	Board Member	2.00		$0	$0	$0
Christy Brown	Board Member	2.00		$0	$0	$0
Llara Firmin	Board Member	2.00		$0	$0	$0
Kathy Watson	Vice President	2.00	Officer	$0	$0	$0
Patrick Nichols	Board President	2.00	Officer	$0	$0	$0
Janie Hopkins	Treasurer	2.00	Officer	$0	$0	$0
Melissa Smart	Executive Director	40.00	Key Emp	$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
2023	$79,636	$109,291	$172,472	$-29,655
2022	$178,951	$79,765	$198,395	$99,186

SILSBEE CHAMBER OF COMMERCE