AMERICAN FORK CHAMBER OF COMMERCE (EIN 870271071) - 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

2023

Tax Period

2024-01-01 to 2024-12-31

AMERICAN FORK CHAMBER OF COMMERCE, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $645K in total revenue in fiscal year 2024. Expenses of $621K left a modest 4% surplus.

Mission

OUR MISSION IS TO SERVE THE BUSINESS COMMUNITY OF NORTH UTAH COUNTY INCLUDING THE COMMUNITIES OF AMERICAN FORK, HIGHLAND, CEDAR HILLS, AND ALPINE THROUGH EDUCTION, ADVOCACY, NETWORKING, AND COMMUNITY EVENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $206,113

Program Service Revenue $439,334

Investment Income $0

Other Revenue $0

TOTAL REVENUE $645,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,102

Fundraising Expenses $0

Program Expenses $247,229

Other Expenses $317,166

TOTAL EXPENSES $621,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$645,447	$609,834	+0.1%
Expenses	$621,268	$589,735	+0.1%
Net Income	$24,179	$20,099	+0.2%

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

N/A

Employees

N/A

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
KRISTINA WESEMANN	CO-PRESIDENT	40	Officer	$0	$0	$0
JOSH WALKER	CO-PRESIDENT	40	Officer	$0	$0	$0
AUSTIN DUKE	CHAIR	2	Officer	$0	$0	$0
JERRY TEBBS	PAST CHAIR	2	Officer	$0	$0	$0
JOE PHELON	CHAIR ELECT	2	Officer	$0	$0	$0
DEREK LAU	TREASURER	2	Officer	$0	$0	$0
KYLE LARSEN	SECRETARY	2	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
2025	No data	No data	No data	No data
2024	$645,447	$621,268	$320,450	$24,179
2023	$609,834	$589,735	$310,630	$20,099
2022	$543,751	$495,176	$240,503	$48,575
2021	$430,444	$389,454	$191,928	$40,990
2020	$378,793	$314,054	$150,938	$64,739
2019	$337,447	$331,041	$86,199	$6,406
2018	$285,008	$238,959	$79,793	$46,049

AMERICAN FORK CHAMBER OF COMMERCE