Lake Tahoe South Shore Chamber of Commerce

EIN: 886004359

Stateline, NV

Total Revenue
$355,392
Total Expenses
$469,263
Total Assets
$296,138
Net Assets
$285,728
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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
1970
Legal Domicile
NV
Tax Period
2023-07-01 to 2024-06-30

Lake Tahoe South Shore Chamber of Commerce, founded in 1970, is a small nonprofit that reported $355K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $469K exceeded revenue, resulting in a 32% operating deficit.

Mission

A membership organization dedicated to developing, promoting, and serving your business and community. Our goal is to sustain a high quality of life by achieving economic vitality, with sensitivity and respect for the environment.

Program Service Accomplishments

Program 1
Expenses: $469,263

The Chamber promotes local business and supports trade in the Lake Tahoe area through a variety of activities such as advertising, member events and communication. The Chamber represents...

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The Chamber promotes local business and supports trade in the Lake Tahoe area through a variety of activities such as advertising, member events and communication. The Chamber represents approximately 600 businesses located in the California and Nevada portions of the South Shore of Lake Tahoe.

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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 $134,213
Program Service Revenue $212,012
Investment Income $9,167
Other Revenue $0
TOTAL REVENUE $355,392

Expense Breakdown

Grants Paid $0
Salaries & Benefits $151,733
Fundraising Expenses $0
Program Expenses $469,263
Other Expenses $317,530
TOTAL EXPENSES $469,263

Year-over-Year Comparison

2023 2022 Change
Revenue $355,392 $403,763 -0.1%
Expenses $469,263 $607,833 -0.2%
Net Income $-113,871 $-204,070 -0.4%
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

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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
19
Independent Members
19
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
3
$65,769
Total Directors
19
$0
Key Employees
1
$65,769
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Glover CEO 40.00
Officer Key Emp
$65,769 $0 $65,769
Kili Rahbeck Director 5.00
Director
$0 $0 $0
Ryan Smith Director 5.00
Director
$0 $0 $0
Rhonda Keen Director 5.00
Director
$0 $0 $0
Jamie Orr Director 5.00
Director
$0 $0 $0
Cierra Ritchie Director 5.00
Director
$0 $0 $0
Katie Sheehan Director 5.00
Director
$0 $0 $0
Aimi Xistra Director 5.00
Director
$0 $0 $0
Bennett Ponder Director 5.00
Director
$0 $0 $0
Mike Peron Director 5.00
Director
$0 $0 $0
Maria Guerrero Director 5.00
Director
$0 $0 $0
Allegra Boyd Director 5.00
Director
$0 $0 $0
Jenay Aiksnoras Director 5.00
Director
$0 $0 $0
Frank Gerdeman Director 5.00
Director
$0 $0 $0
Karla Brennan Director 5.00
Director
$0 $0 $0
Scott Fair Director 5.00
Director
$0 $0 $0
Brad Deeds Director 5.00
Director
$0 $0 $0
Brandi Brown Director 5.00
Director
$0 $0 $0
Chris Proctor Chair 5.00
Officer Director
$0 $0 $0
Keith Byer Treasurer 5.00
Officer 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
2025 No data No data No data No data
2024 $355,392 $469,263 $296,138 $-113,871
2023 $403,763 $607,833 $399,319 $-204,070
2022 $616,392 $566,903 $765,803 $49,489
2021 $495,803 $512,890 $819,312 $-17,087
2020 $685,034 $674,022 $800,531 $11,012
2019 $675,638 $647,155 $783,170 $28,483
2018 $637,593 $576,540 $724,035 $61,053
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