LIBBY AREA CHAMBER OF COMMERCE (EIN 810299519) - 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

1967

Legal Domicile

Principal Officer

DEVENNE LEISS

Phone

4062934167

Tax Period

2024-01-01 to 2024-12-31

LIBBY AREA CHAMBER OF COMMERCE, founded in 1967, is a small nonprofit that reported $208K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $80K, a strong 39% operating margin.

Mission

UNITE THE EFFORTS OF THE CITIZENS OF LIBBY IN PROMOTING THE CIVIC, INDUSTRIAL, COMMERCIAL, AGRICULTURAL AND GENERAL WELFARE OF THE CITY AND THE SURROUNDING ECONOMIC 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 (2024)

Revenue Breakdown

Contributions & Grants $33,230

Program Service Revenue $83,585

Investment Income $0

Other Revenue $90,784

TOTAL REVENUE $207,599

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $63,516

Fundraising Expenses $0

Other Expenses $54,118

TOTAL EXPENSES $127,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,599	$118,283	+0.8%
Expenses	$127,634	$157,949	-0.2%
Net Income	$79,965	$-39,666	-3.0%

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

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
JENNIFER BOYD-MASTERS	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK MICHELSON	BOARD MEMBER	2.00	Director	$0	$0	$0
KIM PECK	BOARD MEMBER	2.00	Director	$0	$0	$0
KATE STEPHENS	BOARD MEMBER	2.00	Director	$0	$0	$0
EMILY GILBERT	SECRETARY	4.00	Officer	$0	$0	$0
DEVENNE LEISS	PRESIDENT	4.00	Officer	$0	$0	$0
LEROY THOM	VICE PRESIDE	4.00	Officer	$0	$0	$0
BRUCE VINCENT	TREASURER	4.00	Officer	$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	$207,599	$127,634	$132,607	$79,965

LIBBY AREA CHAMBER OF COMMERCE