THE CHAMBER FOUNDATION (EIN 815479845) - 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

2017

Legal Domicile

Principal Officer

NICOLE MELAND

Phone

7013653440

Tax Period

2024-09-01 to 2024-12-31

THE CHAMBER FOUNDATION, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $870K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $961K exceeded revenue, resulting in a 10% operating deficit.

Mission

STRENGTHEN REGIONAL WORKFORCE ECOSYSTEM BY ACTIVATING COMMUNITY PARTNERS TO ENGAGE IN INNOVATE APPROACHES TO SOLVING PRESSING ISSUES.

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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 $868,948

Program Service Revenue $0

Investment Income $454

Other Revenue $296

TOTAL REVENUE $869,698

Expense Breakdown

Grants Paid $123,402

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $798,427

Other Expenses $837,555

TOTAL EXPENSES $960,957

Year-over-Year Comparison

	2024	2023	Change
Revenue	$869,698	$2,732,941	-0.7%
Expenses	$960,957	$2,909,129	-0.7%
Net Income	$-91,259	$-176,188	-0.5%

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

$470,797

Total Directors

$350,957

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMI NORGARD	DIRECTOR	1.00	Director	$0	$0	$0
CHAD FLANAGAN	TREASURER	1.00	Officer Director	$0	$0	$0
SHANNON FULL	SECRETARY	1.00	Officer Director	$0	$23,719	$350,957
TIFFANY LAWRENCE	CHAIR	1.00	Officer Director	$0	$0	$0
PAUL MATTHYS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI HUBER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NICOLE MELAND	VICE PRESIDENT	5.00	Officer	$0	$13,346	$119,840
JANE VANGSNESS FRISCH	VP OF WORKFORCE	5.00	Highest	$0	$9,372	$117,258
KATHERINE GRINDBERG	EXECUTIVE VICE PRESIDENT	5.00	Highest	$0	$14,596	$144,922
JENNA MUELLER	FORMER OFFICER	5.00		$0	$9,676	$148,299

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	$2,732,941	$2,909,129	$1,405,410	$-176,188
2024	$869,698	$960,957	$824,907	$-91,259
2023	$1,437,511	$1,187,714	$639,163	$249,797
2022	$540,166	$458,276	$306,868	$81,890
2021	$351,065	$126,187	$224,978	$224,878

THE CHAMBER FOUNDATION