North Channel Area Chamber of Comm… - Form 990 Financial Data

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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

Tax Period

2023-01-01 to 2023-12-31

North Channel Area Chamber of Commerce, founded in 1977, is a small nonprofit that reported $238K in total revenue in fiscal year 2023.

Mission

The Chamber helps promote economic development and the quality of life in the communities that make up the North Channel area. The Chamber is committed to enhancing business growth and finding solutions to business and community issues.

Program Service Accomplishments

Program 1

Expenses: $186,892

The Chamber prints and distributes a membership directory to approximately 1000 members and area businesses. The monthly newsletter is sent to approximately 600 members. The newsletters promote...

The Chamber prints and distributes a membership directory to approximately 1000 members and area businesses. The monthly newsletter is sent to approximately 600 members. The newsletters promote business and economic development. The Chamber hosts an annual awards banquet where individuals and businesses are recognized for services to the community.The Chamber sponsors a community clean-up day which helps make the area more desirable to potential new businesses and improves awareness of the importance of a clean community.The Chamber hosts a monthly luncheon where members and guests become acquainted with area business owners, employers, and government officials and hear guest speakers with economic and business concerns.

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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 $6,000

Program Service Revenue $139,047

Investment Income $251

Other Revenue $92,667

TOTAL REVENUE $237,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,282

Fundraising Expenses $0

Program Expenses $186,892

Other Expenses $69,907

TOTAL EXPENSES $249,189

Year-over-Year Comparison

	2023	2022	Change
Revenue	$237,965	$229,699	+0.0%
Expenses	$249,189	$218,638	+0.1%
Net Income	$-11,224	$11,061	-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

Volunteers

N/A

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	Role	Reportable Comp	Other Comp	Total
Ian Adler	Developement	Director	$0	$0	$0
Dr Allatia Harris	Past Chair	Officer Director	$0	$0	$0
Nelson Espitia	Director	Director	$0	$0	$0
Ana Clark	Director	Director	$0	$0	$0
Wanna Giacona	Director	Director	$0	$0	$0
Erika Koehler	Director	Director	$0	$0	$0
Bill Palko	Vice Chair	Officer Director	$0	$0	$0
Rubin Shah	Director	Director	$0	$0	$0
Chad Moody	Director	Director	$0	$0	$0
Emily Conklin	Director	Director	$0	$0	$0
Danna Nino	Director	Director	$0	$0	$0
Pedro Garcia	Director	Director	$0	$0	$0
Ramon Garza	Secretary	Director	$0	$0	$0
Elvira Granados	Director	Director	$0	$0	$0
Dr Alexander Okwonna	Treasurer	Officer Director	$0	$0	$0
Robert Perez	Director	Director	$0	$0	$0
Ronny Dwairy	Chair Elect	Officer Director	$0	$0	$0
Dr Tory Hill	Director	Director	$0	$0	$0
Erin Kerr	Director	Director	$0	$0	$0
Linda Tijerina	Director	Director	$0	$0	$0
Kenneth Wimbley	1st Vice Chair	Officer Director	$0	$0	$0
Mike Williams	Immediate Chair	Officer Director	$0	$0	$0
Margie Buentello	Board President	Director	$0	$0	$0
Jim Wadzinski	Director	Director	$0	$0	$0
Stephanie Rosendahl	Director	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	No data	No data	No data	No data
2023	$237,965	$249,189	$211,838	$-11,224
2022	$229,699	$218,638	$223,539	$11,061
2021	$258,588	$194,265	$211,937	$64,323
2020	$169,896	$177,239	$177,261	$-7,343
2019	$196,259	$190,657	$154,634	$5,602
2018	$211,981	$196,131	$151,929	$15,850

North Channel Area Chamber of Commerce