LEWISTON AUBURN METROPOLITAN CHAMBER OF COMMERCE FOUNDATION

EIN: 813725460 501(c)(3) Community Improvement

LEWISTON, ME

Total Revenue
$1,897,329
Total Expenses
$611,261
Total Assets
$1,815,799
Net Assets
$1,815,741
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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
2017
Legal Domicile
ME
Principal Officer
SHANNA COX
Phone
2077832249
Tax Period
2023-01-01 to 2023-12-31

LEWISTON AUBURN METROPOLITAN CHAMBER OF COMMERCE FOUNDATION, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 437% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 68% operating margin.

Mission

THE LA METRO CHAMBER OF COMMERCE FOUNDATION IS A 501(C)3 WHOSE MISSION IS TO SUPPORT EDUCATION AND WORKFORCE EFFORTS IN THE LEWISTON-AUBURN REGION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,906,248
Program Service Revenue $1,502
Investment Income $1,344
Other Revenue $-11,765
TOTAL REVENUE $1,897,329

Expense Breakdown

Grants Paid $0
Salaries & Benefits $258,504
Fundraising Expenses $10,434
Program Expenses $464,851
Other Expenses $352,757
TOTAL EXPENSES $611,261

Year-over-Year Comparison

2023 2022 Change
Revenue $1,897,329 $352,999 +4.4%
Expenses $611,261 $277,388 +1.2%
Net Income $1,286,068 $75,611 +16.0%
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

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
104

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
2
$149,450
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSICA DONOVAN BOARD MEMBER 0.00
Director
$0 $0 $0
BETSEY SIBLEY CHAIR 0.00
Officer Director
$0 $0 $0
RAY DEBLOIS BOARD MEMBER 0.00
Director
$0 $0 $0
MICHELLE HAWLEY BOARD MEMBER 0.00
Director
$0 $0 $0
TOM PERKINS BOARD MEMBER 0.00
Director
$0 $0 $0
ELAINE ST PIERRE BOARD MEMBER 0.00
Director
$0 $0 $0
MATTHEW SHAW BOARD MEMBER 0.00
Director
$0 $0 $0
STEVE LITTLESON BOARD MEMBER 0.00
Director
$0 $0 $0
SOHPIA BAILEY BOARD MEMBER 0.00
Director
$0 $0 $0
ALYSON DANIELS CHAIR ELECT 0.00
Director
$0 $0 $0
ELISE JOHANSEN BOARD MEMBER 0.00
Director
$0 $0 $0
CAMERON SHOREY BOARD MEMBER 0.00
Director
$0 $0 $0
CHRIS HANKS BOARD MEMBER 0.00
Director
$0 $0 $0
JENN LEVER BOARD MEMBER 0.00
Director
$0 $0 $0
MATT NASH BOARD MEMBER 0.00
Director
$0 $0 $0
MOHAMED KHALID BOARD MEMBER 0.00
Director
$0 $0 $0
PATRICK PENLEY BOARD MEMBER 0.00
Director
$0 $0 $0
SHANNA COX PRESIDENT 1.00
Officer
$0 $7,451 $149,450
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 $1,897,329 $611,261 $1,815,799 $1,286,068
2022 $352,999 $277,388 $521,630 $75,611
2021 $329,086 $255,706 $467,739 $73,380
2020 $247,270 $189,173 $367,983 $58,097
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