LAFAYETTE CHAMBER OF COMMERCE (EIN 840721730) - 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

1969

Legal Domicile

Principal Officer

KATHERINE MCNEIL

Phone

3036669555

Tax Period

2023-01-01 to 2023-12-31

LAFAYETTE CHAMBER OF COMMERCE, founded in 1969, is a small nonprofit that reported $361K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $310K left a modest 14% surplus.

Mission

PROMOTE COMMUNITY AND LOCAL BUSINESS

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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 (2023)

Revenue Breakdown

Contributions & Grants $158,704

Program Service Revenue $31,425

Investment Income $57

Other Revenue $171,079

TOTAL REVENUE $361,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,465

Fundraising Expenses $17,410

Program Expenses $93,114

Other Expenses $140,144

TOTAL EXPENSES $309,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$361,265	$324,107	+0.1%
Expenses	$309,609	$349,600	-0.1%
Net Income	$51,656	$-25,493	-3.0%

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

Governance

Voting Members

Independent Members

Employees

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

$81,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Welty	President	1.00	Director	$0	$0	$0
Chase Ryant	Vice President	1.00	Director	$0	$0	$0
Dean Hazelwood	Treasurer	1.00	Director	$0	$0	$0
Jan Bonner	Director	1.00	Director	$0	$0	$0
Mark Brungardt	Director	1.00	Director	$0	$0	$0
Kristin Bramer	Director	1.00	Director	$0	$0	$0
Kevin Chard	Director	1.00	Director	$0	$0	$0
Mary Ellis	Director	1.00	Director	$0	$0	$0
Sarah Ingraham	Director	1.00	Director	$0	$0	$0
Rob Myers	Director	1.00	Director	$0	$0	$0
Kristel Pierce	Director	1.00	Director	$0	$0	$0
Vicki Trumbo	Executive Director	1.00	Director	$81,250	$0	$81,250

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	$361,265	$309,609	$1,002,708	$51,656
2022	$324,107	$349,600	$1,279,062	$-25,493
2021	$799,828	$302,051	$1,227,478	$497,777
2020	$335,424	$262,626	$728,229	$72,798
2019	$353,255	$257,723	$681,322	$95,532
2018	$328,154	$271,606	$630,114	$56,548

LAFAYETTE CHAMBER OF COMMERCE