SIX CORNERS CHAMBER OF COMMERCE (EIN 824524479) - 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

2020

Legal Domicile

Principal Officer

ASGHAR ALI KHAN

Phone

7736854955

Tax Period

2024-01-01 to 2024-12-31

SIX CORNERS CHAMBER OF COMMERCE, founded in 2020, is a micro nonprofit in the Community Improvement sector that reported $50K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10K, a strong 19% operating margin.

Mission

INFLUENCE PUBLIC POLICY AND FOSTER A CLIMATE IN WHICH BUSINESSES CAN OPERATE PROFITABLY AS WELL AS ENCOURAGE AND PROMOTE POSITIVE, WELL-BALANCED ECONOMIC GROWTH THROUGH BUSINESS DEVELOPMENT.

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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 $22,413

Program Service Revenue $0

Investment Income $0

Other Revenue $27,291

TOTAL REVENUE $49,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,002

Other Expenses $40,038

TOTAL EXPENSES $40,038

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,704	$29,432	+0.7%
Expenses	$40,038	$28,611	+0.4%
Net Income	$9,666	$821	+10.8%

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

N/A

Employees

N/A

Volunteers

N/A

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
LINDA STAGNER	Executive Dir.	3.00	Director	$0	$0	$0
ASGHAR ALI KHAN	Chairman/Pres.	3.00	Officer Director	$0	$0	$0
CARLOS SOLORIO	Treasurer	3.00	Officer Director	$0	$0	$0
GEORGE GARCIA	Director	3.00	Director	$0	$0	$0
JOSEPH ANGELASTRI	Director	3.00	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
2024	$49,704	$40,038	$13,374	$9,666
2022	$230,562	$289,013	$527,058	$-58,451

SIX CORNERS CHAMBER OF COMMERCE