Columbus 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

1998

Legal Domicile

Principal Officer

Molly Harkness

Phone

9797328385

Tax Period

2023-10-01 to 2024-09-30

Columbus Chamber of Commerce, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $320K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $308K left a modest 4% surplus.

Mission

Stimulate economic growth and community development.

Program Service Accomplishments

Program 1

Promote economic growth through business and tourism focused events. Utilizing print and social media in local, regional, and statewide markets. Expand knowledge base through business training...

Promote economic growth through business and tourism focused events. Utilizing print and social media in local, regional, and statewide markets. Expand knowledge base through business training, educational opportunities, and producing networking events.

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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 $405,293

Program Service Revenue $0

Investment Income $1,707

Other Revenue $-86,986

TOTAL REVENUE $320,014

Expense Breakdown

Grants Paid $18,403

Salaries & Benefits $139,337

Fundraising Expenses $0

Other Expenses $150,471

TOTAL EXPENSES $308,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$320,014	$447,941	-0.3%
Expenses	$308,211	$353,761	-0.1%
Net Income	$11,803	$94,180	-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

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
Peggy Harrison	President	3.25	Officer Director	$0	$0	$0
Chef Raoul	Vice-President	3.25	Officer Director	$0	$0	$0
Brandy Awtry	Secretary	3.25	Officer Director	$0	$0	$0
Molly Harkness	Treasurer	3.25	Officer Director	$0	$0	$0
Aaron Weishuhn	Director	3.25	Director	$0	$0	$0
Donald Clark	Director	3.25	Director	$0	$0	$0
Raven Kocurek	Director	3.25	Director	$0	$0	$0
Lindsay McNutt	Director	3.25	Director	$0	$0	$0
Melissa Parker	Director	3.25	Director	$0	$0	$0
Carrie McRee	Director	3.25	Director	$0	$0	$0
Charles Potter	Director	3.25	Director	$0	$0	$0
Nancy Stiles	Director	3.25	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	No data	No data	No data	No data
2024	$320,014	$308,211	$265,646	$11,803
2023	$447,941	$353,761	$247,475	$94,180
2022	$257,062	$288,870	$155,853	$-31,808
2021	$287,372	$251,265	$215,130	$36,107
2020	$313,345	$249,946	$193,631	$63,399
2019	$267,600	$245,548	$112,791	$22,052
2018	$263,853	$248,299	$84,093	$15,554