RENO SPARKS CHAMBER OF COMMERCE

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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

1919

Legal Domicile

Principal Officer

ANN SILVER

Phone

7756369550

Tax Period

2023-01-01 to 2023-12-31

RENO SPARKS CHAMBER OF COMMERCE, founded in 1919, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Expenses of $964K left a modest 6% surplus.

Mission

WE ADVOCATE, WE INFORM, AND WE CONNECT.

Program Service Accomplishments

Program 1

CHAMBER-SPONSORED EVENTS HELD FOR THE BENEFIT OF MEMBERS INCLUDE OUR "BUSINESS AFTER HOURS- AND "COFFEE & COMMERCE" EVENTS EACH MONTH WICH PROVIDE NETWORKING OPPORTUNITIES FOR OUR MEMBERS DURING THE MORNING AND AFTER WORK. THESE POPULAR EVENTS ENABLE ATTENDEES TO ANNOUNCE THEMSELVES AND THEIR BUSINESS OPERATIONS/ORGANIZATIONS, EXHANGE INFORMATION, AND ENJOY MORNING OR EVENING DRINKS AND REFRESHMENTS. THESE EVENTS ARE FREE AND OPEN TO ALL MEMBERS.

Program 2

"LEADERSHIP PROGRAM" ACCEPTS UP TO 30 REPRESENTATIVES FROM APPLICANTS TO PARTICIPATE IN AN 8-MONTH PROGRAM THAT INTRODUCES ATTENDEES TO CRITICAL ISSUES AND OPPORTUNITIES IN OUR COMMUNITY. TOPICS...

"LEADERSHIP PROGRAM" ACCEPTS UP TO 30 REPRESENTATIVES FROM APPLICANTS TO PARTICIPATE IN AN 8-MONTH PROGRAM THAT INTRODUCES ATTENDEES TO CRITICAL ISSUES AND OPPORTUNITIES IN OUR COMMUNITY. TOPICS INCLUDE GOVERNMENT, CRIMINAL JUSTICE AND LAW ENFORCEMENT, ARTS CULTURE AND TOURISM, MARKETING AND THE MEDIA, AND ECONOMIC DEVELOPMENT AND INFRASTRUCTURE. THE CLASS TRAVELS TO MAKY LOCATIONS INCLUDEING THE STATE CAPTIAL, THE LEGISLATIVE BUILDING AND FORMER STEWART INDIAN SCHOOL IN CARSON CITY.

Program 3

"ALLIANCE" IS AN ANNUAL MEETING THAT DEMOSTRATES THE FULL COLLABORATION BETWEEN RENO + SPARKS CHAMBER OF COMMERCE, THE RENO-TAHOE AIRPORT AUTHORITY, ECONOMIC DEVELOPMENT AUTHORITY OF NORTHERN NEVADA, AND THE RENO-SPARKS CONVENTION & VISITORS AUTHORITY. GUESTS RECEIVE TIMELY AND VITAL INFORMATION REGARDING POLICIES, PROGRAMS, AND DEVELOPMENTS THAT AFFECT THE REGIONAL ECONOMY AND OUR MEMBERS.

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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 $57,040

Program Service Revenue $948,095

Investment Income $19,581

Other Revenue $0

TOTAL REVENUE $1,024,716

Expense Breakdown

Grants Paid $15,605

Salaries & Benefits $532,753

Fundraising Expenses $0

Other Expenses $415,533

TOTAL EXPENSES $963,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,024,716	$1,011,271	+0.0%
Expenses	$963,891	$798,928	+0.2%
Net Income	$60,825	$212,343	-0.7%

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

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

$209,207

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN SILVER	CEO	40.00	Officer	$203,114	$6,093	$209,207
CONNOR NAISBITT	DIRECTOR OF	40.00	Highest	$101,926	$0	$101,926
MELISSA DAVIES	CHAIR	2.50	Officer Director	$0	$0	$0
DAVE SINCLAIR	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
KURT MISCHE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
MIKE HIX	TREASURER	1.00	Officer Director	$0	$0	$0
BRENT FARR	DIRECTOR	0.30	Director	$0	$0	$0
CHARLES HARRIS	DIRECTOR	0.30	Director	$0	$0	$0
CHERAZ ECKER	DIRECTOR	0.30	Director	$0	$0	$0
DAREN GRIFFIN	DIRECTOR	0.30	Director	$0	$0	$0
GREG MOSIER	DIRECTOR	0.30	Director	$0	$0	$0
KAMAL JEMMOUA	DIRECTOR	0.30	Director	$0	$0	$0
MEREDITH WILLIAMS	DIRECTOR	0.30	Director	$0	$0	$0
RYAN BELLOWS	DIRECTOR	0.30	Director	$0	$0	$0
SUZANNE HENDERY	DIRECTOR	0.30	Director	$0	$0	$0
TONY MARINI	DIRECTOR	0.30	Director	$0	$0	$0
TYLER LANTRIP	DIRECTOR	0.30	Director	$0	$0	$0
VINNY LUCIDO	DIRECTOR	0.30	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	No data	No data	No data	No data
2023	$1,024,716	$963,891	$1,770,165	$60,825
2022	$1,011,271	$798,928	$1,647,248	$212,343
2021	$1,110,211	$698,792	$1,461,205	$411,419
2020	$915,324	$866,419	$1,046,149	$48,905
2019	$985,967	$796,443	$1,166,177	$189,524
2018	$935,448	$795,741	$975,358	$139,707