FORT COLLINS AREA CHAMBER OF COMMERCE

EIN: 840201983

FORT COLLINS, CO

Total Revenue
$1,841,543
Total Expenses
$2,941,311
Total Assets
$3,442,549
Net Assets
$2,774,105
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
CO
Principal Officer
ANN HUTCHISON
Phone
9704823746
Tax Period
2023-01-01 to 2023-12-31

FORT COLLINS AREA CHAMBER OF COMMERCE, founded in 1904, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $2.9M exceeded revenue, resulting in a 60% operating deficit.

Mission

THE FORT COLLINS AREA CHAMBER OF COMMERCE CHAMPIONS OUR COMMUNITY AND REGION'S QUALITY OF LIFE AND ECONOMIC VITALITY THROUGH STRONG BUSINESS ADVOCACY AND COLLABORATIVE LEADERSHIP.

Program Service Accomplishments

Program 1

BUSINESS INITIATIVES - FIX NORTH I-25 BUSINESS ALLIANCE: THE ALLIANCE REPRESENTS THE BUSINESS PERSPECTIVE ON ISSUES IMPACTING THE MOBILITY OF THE NORTH I-25 CORRIDOR BETWEEN HIGHWAY 14 AND HIGHWAY...

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BUSINESS INITIATIVES - FIX NORTH I-25 BUSINESS ALLIANCE: THE ALLIANCE REPRESENTS THE BUSINESS PERSPECTIVE ON ISSUES IMPACTING THE MOBILITY OF THE NORTH I-25 CORRIDOR BETWEEN HIGHWAY 14 AND HIGHWAY 66. THE ALLIANCE IS AN ADVOCACY GROUP THAT: WORKS WITH GOVERNMENT AT ALL LEVELS TO SECURE FUNDING FOR EXPANDING NORTH I-25 TO THREE LANES, COMMUNICATES THE ECONOMIC IMPORTANCE OF A FUNCTIONAL I-25 CORRIDOR, AND EMPOWERS BUSINESSES AND THE PUBLIC TO GET INVOLVED.TALENT AND RECRUITMENT: PROGRAM TO IMPLEMENT STRATEGIES TO INSURE A COMPETITIVE ADVANTAGE FOR AREA EMPLOYERS THROUGH QUALITY WORKERS AND FOR AREA WORKERS THROUGH QUALITY JOBS.UNDER-EMPLOYMENT AND TALENT SHORTAGES ARE A GROWING REGIONAL PROBLEM, WHICH IS EXPECTED TO ACCELERATE AS OLDER WORKERS AGE OUT OF THE WORKFORCE.BUSINESS ENVIRONMENT: THE FORT COLLINS AREA CHAMBER WILL SERVE AS THE VOICE OF BUSINESS TO AGGRESSIVELY ADVOCATE THE PERSPECTIVE OF BUSINESS AND ENSURE PUBLIC OFFICIALS AND RESIDENTS UNDERSTAND THE STRONG CONNECTION BETWEEN BUSINESS VITALITY, JOBS AND HAVING A THE MEANS TO AFFORD PUBLIC SERVICES THAT GREATLY ENHANCE THE QUALITY OF COMMUNITY LIFE, SUCH AS GOOD SCHOOLS, PARKS AND BIKE PATHS. RETAINING KEY EMPLOYERS: THE FORT COLLINS AREA CHAMBER AND KEY PARTNERS WILL DELIBERATELY AND CONSISTENTLY MEET WITH FORT COLLINS-LOVELAND AREA EMPLOYERS TO EXPRESS COMMUNITY SUPPORT FOR THEM AND TO DETERMINE WHAT CAN BE DONE TO HELP THEM.

Program 2

ISSUES SUMMITS - HEALTH CARE SUMMIT: THE SUMMIT PROVIDES MEMBERS OF THE BUSINESS COMMUNITY WITH THE OPPORTUNITY TO DISCUSS DEVELOPMENTS IN HEALTH CARE, THE OUTLOOK FOR THE HEALTH CARE INDUSTRY IN THE...

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ISSUES SUMMITS - HEALTH CARE SUMMIT: THE SUMMIT PROVIDES MEMBERS OF THE BUSINESS COMMUNITY WITH THE OPPORTUNITY TO DISCUSS DEVELOPMENTS IN HEALTH CARE, THE OUTLOOK FOR THE HEALTH CARE INDUSTRY IN THE FORT COLLINS REGION,AND ACTIONS THAT COULD STRENGTHEN THE HEALTH CARE SECTOR.REGIONAL ISSUES SUMMIT: THE REGIONAL ISSUES SUMMIT IS A FORUM THAT BRINGS ATTENTION TO SOME OF THE LARGER ISSUES FACING NORTHERN COLORADO, INCLUDING TRANSPORTATION, EMPLOYMENT TRENDS AND GAPS, AND WATER.

Program 3

NETWORKING AND EDUCATION EVENTS: THESE EVENTS ARE DESIGNED TO PROVIDE A FORUM AND ENCOURAGE MEMBER INTERACTION AND EDUCATION. THE EVENTS INCLUDE BUSINESS AFTER HOURS, THE ANNUAL GOLF TOURNAMENT...

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NETWORKING AND EDUCATION EVENTS: THESE EVENTS ARE DESIGNED TO PROVIDE A FORUM AND ENCOURAGE MEMBER INTERACTION AND EDUCATION. THE EVENTS INCLUDE BUSINESS AFTER HOURS, THE ANNUAL GOLF TOURNAMENT, LEADS GROUPS, AND OTHER INFORMATIONAL SESSIONS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $543,561
Program Service Revenue $1,335,772
Investment Income $34,108
Other Revenue $-71,898
TOTAL REVENUE $1,841,543

Expense Breakdown

Grants Paid $0
Salaries & Benefits $438,059
Fundraising Expenses $0
Other Expenses $2,503,252
TOTAL EXPENSES $2,941,311

Year-over-Year Comparison

2023 2022 Change
Revenue $1,841,543 $1,276,288 +0.4%
Expenses $2,941,311 $2,017,025 +0.5%
Net Income $-1,099,768 $-740,737 +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 Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
26
Independent Members
25
Employees
15
Volunteers
400

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
7
$141,934
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RYAN SCHAEFER CHAIR 2.00
Officer Director
$0 $0 $0
CARRIE BAUMGART TREASURER 2.00
Officer Director
$0 $0 $0
MILES KAILBURN CHAIR ELECT 2.00
Officer Director
$0 $0 $0
KATE BAKER EXECUTIVE COMMITTEE 2.00
Officer Director
$0 $0 $0
NICOLE STAUDINGER EXECUTIVE COMMITTEE 2.00
Officer Director
$0 $0 $0
BRETT KEMP IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
DARRIN ATTEBERRY BOARD MEMBER 2.00
Director
$0 $0 $0
CLAY BARTLETT BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL BELLO BOARD MEMBER 2.00
Director
$0 $0 $0
MAT DINSMORE BOARD MEMBER 2.00
Director
$0 $0 $0
CARRIE GILLIS BOARD MEMBER 2.00
Director
$0 $0 $0
BRANDON GREBE BOARD MEMBER 2.00
Director
$0 $0 $0
JOSH GUERNSEY BOARD MEMBER 2.00
Director
$0 $0 $0
JENNIFER GUERO JOHNSON BOARD MEMBER 2.00
Director
$0 $0 $0
NICK HAWS BOARD MEMBER 2.00
Director
$0 $0 $0
BRIAN MANNLEIN BOARD MEMBER 2.00
Director
$0 $0 $0
PATRICK MCMEEKIN BOARD MEMBER 2.00
Director
$0 $0 $0
AJAY MENON BOARD MEMBER 2.00
Director
$0 $0 $0
SHAWN OSTHOFF BOARD MEMBER 2.00
Director
$0 $0 $0
AMY PEZZANI BOARD MEMBER 2.00
Director
$0 $0 $0
DAN PROVAZNIK BOARD MEMBER 2.00
Director
$0 $0 $0
SHERI RIDGEWAY BOARD MEMBER 2.00
Director
$0 $0 $0
DAN SOUKUP BOARD MEMBER 2.00
Director
$0 $0 $0
LAUREN STOREBY BOARD MEMBER 2.00
Director
$0 $0 $0
KEVIN UNGER BOARD MEMBER 2.00
Director
$0 $0 $0
ANN HUTCHISON PRESIDENT & CEO 50.00
Officer
$141,934 $0 $141,934
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 $1,841,543 $2,941,311 $3,442,549 $-1,099,768
2022 $1,276,288 $2,017,025 $4,787,117 $-740,737
2021 $4,566,760 $1,717,623 $5,502,237 $2,849,137
2020 $992,117 $1,520,353 $2,698,057 $-528,236
2019 $1,329,125 $1,936,587 $3,289,377 $-607,462
2018 $1,167,105 $1,694,946 $3,812,723 $-527,841
2017 $4,335,803 $1,559,566 $4,319,372 $2,776,237
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