Erie Chamber of Commerce (EIN 841325423) - 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

1995

Legal Domicile

Principal Officer

Patrica Vero

Phone

3038283440

Tax Period

2023-01-01 to 2023-12-31

Erie Chamber of Commerce, founded in 1995, is a small nonprofit that reported $324K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $56K, a strong 17% operating margin.

Mission

The mission of the Erie Chamber of Commerce is to unite community and commerce

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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 $69,186

Program Service Revenue $248,738

Investment Income $119

Other Revenue $6,165

TOTAL REVENUE $324,208

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $118,484

Fundraising Expenses $0

Other Expenses $145,809

TOTAL EXPENSES $268,293

Year-over-Year Comparison

	2023	2022	Change
Revenue	$324,208	$281,739	+0.2%
Expenses	$268,293	$261,685	+0.0%
Net Income	$55,915	$20,054	+1.8%

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

Employees

Volunteers

175

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
Patrica Vero	Executive Director	40.00		$79,000	$0	$79,000
Max Paul	Director	1.00	Director	$0	$0	$0
Patrick O'Neil	Director	1.00	Director	$0	$0	$0
Susie Germany	Director	1.00	Director	$0	$0	$0
Amanda Kutzler	Director	1.00	Director	$0	$0	$0
Ann Gantzer	Director	1.00	Director	$0	$0	$0
Ellen Miller	Board President	5.00	Officer	$0	$0	$0
Sharon Wiest	Secretary	3.00	Officer	$0	$0	$0
Mitchell Arnold-Anderson	Board Treasurer	3.00	Officer	$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	No data	No data	No data	No data
2023	$324,208	$268,293	$145,316	$55,915
2022	$281,739	$261,685	$89,266	$20,054
2021	$343,362	$312,276	$76,012	$31,086
2020	$217,962	$197,546	$49,542	$20,416
2019	$341,835	$335,361	$32,772	$6,474
2018	$391,008	$403,990	$30,416	$-12,982

Erie Chamber of Commerce