VERNAL AREA CHAMBER OF COMMERCE

EIN: 870215056

VERNAL, UT

Total Revenue
$278,430
Total Expenses
$278,383
Total Assets
$269,078
Net Assets
$262,046
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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
1949
Legal Domicile
UT
Principal Officer
MARTY PARTRIDGE
Phone
4357891352
Tax Period
2023-07-01 to 2024-06-30

VERNAL AREA CHAMBER OF COMMERCE, founded in 1949, is a small nonprofit that reported $278K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring.

Mission

PROMOTION OF CUMMUNITY AND AREA BUSINESSES.

Program Service Accomplishments

Program 1

THE VERNAL AREA CHAMBER OF COMMERCE OPERATED SEVERAL VOLUNTEER COMMITTEES, WHICH CARRIED OUT VARIOUS ACTIVITIES TO PROMOTE AND ENHANCE THE BUSINESS CLIMATE AND QUALITY OF LIFE IN THE COMMUNITY...

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THE VERNAL AREA CHAMBER OF COMMERCE OPERATED SEVERAL VOLUNTEER COMMITTEES, WHICH CARRIED OUT VARIOUS ACTIVITIES TO PROMOTE AND ENHANCE THE BUSINESS CLIMATE AND QUALITY OF LIFE IN THE COMMUNITY, INCLUDING A RECYCLING PROGRAM, A BUSINESS SYMPOSIUM, A HEALTH FAIR, FARMERS MARKET, PARADES AND OTHER SEMINARS, AND AN ANNUAL MEMBERSHIP MEETING AND WEEKLY LUNCHEON MEETINGS WHERE MEMBERS AND OTHER INDIVIDUALS AND BUSINESS OWNERS FROM THE COMMUNITY COULD MEET, BUILD RELATIONSHIPS, AND LEARN ABOUT COMMUNITY MATTERS AND VARIOUS BUSINESS TOPICS. THE ORGANIZATION OPERATES AN OFFICE/ INFORMATION CENTER WHERE COMMUNITY AND BUSINESS INFORMATION IS PROVIDED TO VISITORS AND RESIDENTS OF THE COMMUNITY.

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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 $0
Program Service Revenue $277,727
Investment Income $703
Other Revenue $0
TOTAL REVENUE $278,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,034
Fundraising Expenses $0
Other Expenses $187,349
TOTAL EXPENSES $278,383

Year-over-Year Comparison

2023 2022 Change
Revenue $278,430 $460,180 -0.4%
Expenses $278,383 $415,486 -0.3%
Net Income $47 $44,694 -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
12
Independent Members
12
Employees
3
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
2
$18,227
Total Directors
13
$18,227
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTY PARTRIDGE EXECUTIVE DI 40.00
Officer Director
$18,227 $0 $18,227
DEAN BAKER BOARD MEMBER N/A
Director
$0 $0 $0
DOUG HAMMOND BOARD MEMBER N/A
Director
$0 $0 $0
BRANDON ANDERSON BOARD MEMBER N/A
Director
$0 $0 $0
TABITHA WILSON BOARD MEMBER N/A
Director
$0 $0 $0
ALAN OLIVE BOARD MEMBER N/A
Director
$0 $0 $0
TODD MASSEY PAST PRESIDE N/A
Director
$0 $0 $0
PETE MORPHY BOARD MEMBER N/A
Director
$0 $0 $0
RUSS LABRUM BOARD MEMBER N/A
Director
$0 $0 $0
TONY BENJAMIN PRESIDENT EL N/A
Officer Director
$0 $0 $0
AARON AVERETT BOARD MEMBER N/A
Director
$0 $0 $0
SONJA NORTON BOARD MEMBER N/A
Director
$0 $0 $0
MIKE MERRELL BOARD MEMBER N/A
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 $278,430 $278,383 $269,078 $47
2023 $460,180 $415,486 $278,876 $44,694
2022 $267,484 $221,951 $218,298 $45,533
2021 $243,467 $232,196 $195,715 $11,271
2020 $232,916 $239,365 $164,532 $-6,449
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