Salem Area Chamber of Commerce Foundation (EIN 811484328) - 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

2015

Legal Domicile

Principal Officer

George WS Hays

Phone

3303370310

Tax Period

2018-01-01 to 2018-12-31

Salem Area Chamber of Commerce Foundation, founded in 2015, is a small nonprofit in the Education sector that reported $251K in total revenue in fiscal year 2018. The organization ran a surplus of $230K, a strong 92% operating margin.

Mission

To provide services and educational programs that support the civic and economic development of the Salem area, while emphasizing the importance of such education to prepare our future workforce for an increasingly competitive and national economy.

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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 (2018)

Revenue Breakdown

Contributions & Grants $229,800

Program Service Revenue $0

Investment Income $0

Other Revenue $21,538

TOTAL REVENUE $251,338

Expense Breakdown

Grants Paid $2,233

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,744

Other Expenses $18,912

TOTAL EXPENSES $21,145

Year-over-Year Comparison

	2018	2017	Change
Revenue	$251,338	N/A	N/A
Expenses	$21,145	N/A	N/A
Net Income	$230,193	N/A	N/A

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

N/A

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
Scott Jones	Director	1.00	Director	$0	$0	$0
Mary Winch Korff	Director	1.00	Director	$0	$0	$0
Julie Needs	Director	1.00	Director	$0	$0	$0
Dan Scarpitti	Director	1.00	Director	$0	$0	$0
C Bruce Williams	Director	1.00	Director	$0	$0	$0
Frank Zamarelli	Director	1.00	Director	$0	$0	$0
Lori Jewell	Executive Director	1.00	Director	$0	$0	$0
Audrey Null	Executive Director	1.00	Director	$0	$0	$0
Vito Abruzzino	Secretary	1.00	Officer	$0	$0	$0
Betty Brothers	2nd Vice President	1.00	Officer	$0	$0	$0
George WS Hays	President	1.00	Officer	$0	$0	$0
David Mollenkopf	1st Vice President	1.00	Officer	$0	$0	$0
Jim Wenderoth	Treasurer	1.00	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
2018	$251,338	$21,145	$230,193	$230,193

Salem Area Chamber of Commerce Foundation