Salt Lake Area Chamber of Commerce

EIN: 870121901

Salt Lake City, UT

Total Revenue
$4,844,087
Total Expenses
$4,361,881
Total Assets
$7,046,404
Net Assets
$3,626,764
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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
1902
Legal Domicile
UT
Phone
8013643631
Tax Period
2023-07-01 to 2024-06-30

Salt Lake Area Chamber of Commerce, founded in 1902, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Expenses of $4.4M left a modest 10% surplus.

Mission

To help Utah Businesses grow and prosper.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,175,274
Program Service Revenue $3,533,712
Investment Income $135,101
Other Revenue $0
TOTAL REVENUE $4,844,087

Expense Breakdown

Grants Paid $86,600
Salaries & Benefits $2,512,155
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,763,126
TOTAL EXPENSES $4,361,881

Year-over-Year Comparison

2023 2022 Change
Revenue $4,844,087 $4,627,274 +0.0%
Expenses $4,361,881 $4,135,541 +0.1%
Net Income $482,206 $491,733 0.0%
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
22
Independent Members
21
Employees
64
Volunteers
250

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
7
$1,156,971
Total Directors
22
$525,683
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Derek Miller President & CEO 40.0
Officer Director
$469,077 $56,606 $525,683
Donna Milavetz Past Chair 2.0
Officer Director
$0 $0 $0
Jeremy Hafen Vice Chair 2.0
Officer Director
$0 $0 $0
Nathan Callister Board Chair 4.0
Officer Director
$0 $0 $0
Allison Behjani Board Member 2.0
Director
$0 $0 $0
Amanda Covington Board Member 2.0
Director
$0 $0 $0
Clark Ivory Board Member 2.0
Director
$0 $0 $0
David Petersen Board Member 2.0
Director
$0 $0 $0
Gary Porter Board Member 2.0
Director
$0 $0 $0
Judd Cook Board Member 2.0
Director
$0 $0 $0
Kaitlin Eskelson Board Member 2.0
Director
$0 $0 $0
Kay Hall Board Member 2.0
Director
$0 $0 $0
Linda Wardell Board Member 2.0
Director
$0 $0 $0
Marlise Fisher Board Member 2.0
Director
$0 $0 $0
Matt Lyon Board Member 2.0
Director
$0 $0 $0
Natalie Gochnour Board Member & Chief Economist 4.0
Director
$0 $0 $0
Nate Foster Board Member 2.0
Director
$0 $0 $0
Rob Hitchcock Board Member 2.0
Director
$0 $0 $0
Ryan Starks Board Member 2.0
Director
$0 $0 $0
Sterling Nielsen Board Member 2.0
Director
$0 $0 $0
Susan Robel Board Member 2.0
Director
$0 $0 $0
Taylor Randall Board Member 2.0
Director
$0 $0 $0
Daniel Brimhall CFO 38.0
Officer
$163,724 $24,166 $187,890
Ginger Chinn Executive VP 50.0
Officer
$178,307 $20,922 $199,229
Heidi Walker COO 40.0
Officer
$235,001 $9,168 $244,169
Lindsay Riches Director of Business Development 50.0
Highest
$128,651 $13,713 $142,364
Mark Harvey Business Development Manager 50.0
Highest
$219,056 $25,255 $244,311
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 $4,844,087 $4,361,881 $7,046,404 $482,206
2023 $4,627,274 $4,135,541 $6,555,719 $491,733
2022 $4,400,283 $3,802,834 $6,140,643 $597,449
2021 $5,364,414 $4,482,309 $6,300,814 $882,105
2020 $3,541,956 $3,333,957 $2,194,629 $207,999
2019 $4,496,310 $4,199,119 $1,828,645 $297,191
2018 $4,383,141 $4,242,724 $1,471,111 $140,417
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