FARMINGTON CHAMBER OF COMMERCE (EIN 850092481) - 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

1952

Legal Domicile

Principal Officer

VINCE MOFFITT

Phone

5053250279

Tax Period

2023-01-01 to 2023-12-31

FARMINGTON CHAMBER OF COMMERCE, founded in 1952, is a small nonprofit that reported $253K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $229K left a modest 9% surplus.

Mission

PROMOTE AND PERPETUATE THE BUSINESS, COMMERCIAL, INDUSTRIAL AND CIVIC INTEREST OF FARMINGTON.

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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 $148,162

Program Service Revenue $89,390

Investment Income $15,572

Other Revenue $0

TOTAL REVENUE $253,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,962

Fundraising Expenses $0

Other Expenses $100,331

TOTAL EXPENSES $229,293

Year-over-Year Comparison

	2023	2022	Change
Revenue	$253,124	$224,978	+0.1%
Expenses	$229,293	$210,075	+0.1%
Net Income	$23,831	$14,903	+0.6%

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

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
GEORGETTE ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
SHAWNA BECENTI	DIRECTOR	2.00	Director	$0	$0	$0
ADDIE BETANCOURT	FINANCE CHAI	2.00	Officer Director	$0	$0	$0
EDDIE CARRARO	DIRECTOR	2.00	Director	$0	$0	$0
WHITNEY CHAVEZ	DIRECTOR	2.00	Director	$0	$0	$0
SHAY DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
ALLEN ELMORE	DIRECTOR	2.00	Director	$0	$0	$0
CARMEN MARTINEZ	DIRECTOR	2.00	Officer Director	$0	$0	$0
VINCE MOFFITT	CHAIR	2.00	Officer Director	$0	$0	$0
DENISE NOYCE	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA RAMSTEAD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MONICA SHULTZ	DIRECTOR	2.00	Director	$0	$0	$0
CORDELL SHUMWAY	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE TRIPLETT	DIRECTOR	2.00	Director	$0	$0	$0
NICCI UNSICKER	DIRECTOR	2.00	Director	$0	$0	$0
MANDY UTLEY	DIRECTOR	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$253,124	$229,293	$361,021	$23,831
2022	$224,978	$210,075	$318,060	$14,903
2021	$220,283	$185,567	$391,629	$34,716
2020	$161,011	$159,560	$341,443	$1,451
2019	$223,500	$205,751	$266,873	$17,749
2018	$219,028	$211,005	$236,701	$8,023

FARMINGTON CHAMBER OF COMMERCE