Summit County Chamber of Commerce

EIN: 840835598

Frisco, CO

Total Revenue
$349,372
Total Expenses
$349,056
Total Assets
$218,053
Net Assets
$207,811
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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
1987
Legal Domicile
CO
Principal Officer
Ian Donovan
Phone
9704061818
Tax Period
2024-01-01 to 2024-12-31

Summit County Chamber of Commerce, founded in 1987, is a small nonprofit that reported $349K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

To ensure business success for our members and to foster community-wide economic vitality by providing resources, educational opportunities,and business connections. We unite key stakeholders, lead with a clear vision of the future and support collaborative community efforts.

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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 (2024)

Revenue Breakdown

Contributions & Grants $143,849
Program Service Revenue $188,231
Investment Income $17,292
Other Revenue $0
TOTAL REVENUE $349,372

Expense Breakdown

Grants Paid $0
Salaries & Benefits $101,137
Fundraising Expenses $0
Program Expenses $144,127
Other Expenses $247,919
TOTAL EXPENSES $349,056

Year-over-Year Comparison

2024 2023 Change
Revenue $349,372 $270,348 +0.3%
Expenses $349,056 $306,808 +0.1%
Net Income $316 $-36,460 -1.0%
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
20
Independent Members
16
Employees
1
Volunteers
145

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ian Donovan President 4.00
Officer
$0 $0 $0
Allen Bacher Treasurer 4.00
Officer
$0 $0 $0
Lori Gleason Secretary 4.00
Officer
$0 $0 $0
Nell Wareham Past President 4.00
Officer
$0 $0 $0
Peter Siegel President Elect 2.00
Director
$0 $0 $0
Corry Mihm Chapter Liason 2.00
Director
$0 $0 $0
Paul Clukies Board Member 2.00
Director
$0 $0 $0
Lindsey Cotton Board Member 2.00
Director
$0 $0 $0
Tim Applegate Board Member 2.00
Director
$0 $0 $0
Del Bush Board Member 2.00
Director
$0 $0 $0
Bruce Horii Board Member 2.00
Director
$0 $0 $0
Athena Damianos Board Member 2.00
Director
$0 $0 $0
Matt Loutherback Board Member 2.00
Director
$0 $0 $0
Catherine Schaaf Board Member 2.00
Director
$0 $0 $0
Tanecia Spagnolia Board Member 2.00
Director
$0 $0 $0
Peyton Rogers Board Member 2.00
Director
$0 $0 $0
Mark Mathews Board Member 2.00
Director
$0 $0 $0
Tony Pestello Board Member 2.00
Director
$0 $0 $0
John Woods Board Member 2.00
Director
$0 $0 $0
Maja Russer Board Member 2.00
Director
$0 $0 $0
Vanessa Agee Board Member 2.00
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 $349,372 $349,056 $218,053 $316
2023 $270,348 $306,808 $217,785 $-36,460
2022 $236,895 $257,080 $231,159 $-20,185
2021 $262,863 $234,722 $254,199 $28,141
2020 $204,286 $205,368 $240,315 $-1,082
2019 $272,712 $271,064 $223,446 $1,648
2018 $213,556 $198,860 $204,219 $14,696
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