CEDAR CITY AREA CHAMBER OF COMMERCE (EIN 870121434) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Principal Officer

CHRIS MCCORMICK

Phone

4355864484

Tax Period

2023-01-01 to 2023-12-31

CEDAR CITY AREA CHAMBER OF COMMERCE is a small nonprofit that reported $307K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $414K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO ELEVATE BUSINESS PROSPERITY AND ENCOURAGE HEALTHY COMMUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $201,223

Investment Income $11

Other Revenue $105,603

TOTAL REVENUE $306,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,422

Fundraising Expenses $0

Program Expenses $401,015

Other Expenses $223,515

TOTAL EXPENSES $413,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$306,837	$452,898	-0.3%
Expenses	$413,937	$707,997	-0.4%
Net Income	$-107,100	$-255,099	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$93,092

Total Directors

$93,092

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS MCCORMICK	CHAMBER PRESIDENT	1.00	Officer Director	$93,092	$0	$93,092
RENE COLE	CHAIR	0.00	Officer	$0	$0	$0
ANDY LOOSEE	CHAIR - ELECT	0.00	Officer	$0	$0	$0
MARI EDDY	PAST CHAIR	0.00	Officer	$0	$0	$0
JORDAN BARBEN	TREASURER	0.00	Officer	$0	$0	$0
JULIE PADILLA	AMBASSADOR CHAIR	0.00	Officer	$0	$0	$0
KATIE ORTON	LUNCHEON CHAIR	0.00	Officer	$0	$0	$0
TYLER MELLING	POLICY CHAIR	0.00	Officer	$0	$0	$0
REID LARKIN	REVIEW BREAKFAST CHR	0.00	Officer	$0	$0	$0
DANNY STEWART	ECONOMIC DEVELOPMENT	0.00	Officer	$0	$0	$0
MIKE BLEAK	IRON CO COMMISSIONER	0.00	Officer	$0	$0	$0
CARTER WILKEY	SERVICE COMMITTEE CHR	0.00	Officer	$0	$0	$0
DARIN GIFFORD	TECHNOLOGY CHAIR	0.00	Officer	$0	$0	$0
JENNIFER WILSON	PARTNERSHIPS CHAIR	0.00	Officer	$0	$0	$0
CRAIG ISOM	VISION IRON COUNTY REP	0.00	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
2023	$306,837	$413,937	$205,732	$-107,100
2022	$452,898	$707,997	$82,973	$-255,099
2021	$275,164	$263,728	$188,623	$11,436
2020	$178,142	$240,026	$107,603	$-61,884
2019	$100,151	$207,886	$127,296	$-107,735
2018	$378,402	$185,425	$228,550	$192,977

CEDAR CITY AREA CHAMBER OF COMMERCE