THURSTON COUNTY 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

1905

Legal Domicile

Principal Officer

DAVID SHAFFERT

Phone

3603573362

Tax Period

2024-07-01 to 2025-06-30

THURSTON COUNTY CHAMBER OF COMMERCE, founded in 1905, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 9% surplus.

Mission

GROWING A PROSPEROUS ECONOMY AND VIBRANT COMMUNITY BY CONNECTING PEOPLE, IDEAS AND RESOURCES.

Program Service Accomplishments

Program 1

THE THURSTON COUNTY CHAMBER'S WORKFORCE SOLUTIONS TEAM SERVES ANY BUSINESS WITHIN THE FIVE-COUNTY REGION THAT NEEDS HELP HIRING QUALITY EMPLOYEES, IMPROVING THEIR HIRING PRACTICES, RETAINING QUALITY EMPLOYEES AND DEVELOPING TRAINING PROGRAMS. IN SOME CASES, WE WILL ASSIST BUSINESSES WHO NEED ASSISTANCE LAYING OFF EMPLOYEES. WE ALWAYS BEGIN WITH WHAT WE CALL A "BUSINESS NEEDS ASSESSMENT". WHEN WE MEET, WE WILL ASSESS WHAT THE BUSINESS NEEDS ARE AND WILL DEVELOP CUSTOMIZED SOLUTIONS TO MEET THOSE NEEDS. BENEFITS 4,000 PEOPLE.

Program 2

MONTHLY FORUMS: SPEAKERS EVENTS INTENDED TO KEEP MEMBERS INFORMED OF CURRENT EVENTS AFFECTING THE BUSINESS COMMUNITY WITH NETWORKING AND SPOTLIGHT OPPORTUNITIES. MORNING MIXER AND BUSINESS AFTER...

MONTHLY FORUMS: SPEAKERS EVENTS INTENDED TO KEEP MEMBERS INFORMED OF CURRENT EVENTS AFFECTING THE BUSINESS COMMUNITY WITH NETWORKING AND SPOTLIGHT OPPORTUNITIES. MORNING MIXER AND BUSINESS AFTER HOURS ARE HOSTED AT MEMBER'S LOCATION TO HIGHLIGHT THAT BUSINESS.

Program 3

HIRED WF SOLUTIONS: INCREASE KNOWLEDGE OF DIGITAL LITERACY THROUGH ASSESSMENT AND TRAINING IN COMPUTER HARDWARE, COMPUTER SOFTWARE AND THE APPLICATION OF THOSE TECHNOLOGIES.

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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 $2,043,195

Program Service Revenue $295,938

Investment Income $43,730

Other Revenue $467,367

TOTAL REVENUE $2,850,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,735,262

Fundraising Expenses $0

Other Expenses $618,719

TOTAL EXPENSES $2,603,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,850,230	$2,512,454	+0.1%
Expenses	$2,603,281	$2,410,941	+0.1%
Net Income	$246,949	$101,513	+1.4%

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

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

$244,763

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SCHAFFERT	PRESIDENT/CEO	40.0	Officer	$160,450	$0	$160,450
ANDREW GARATE	SR VP STRATEGIC INITIATIVES	40.0	Highest	$118,322	$0	$118,322
JOANNE STIMAC	FINANCE OFFICER	40.0	Officer	$84,313	$0	$84,313
TRENTON FLUETSCH	PAST CHAIR	2.5	Officer Director	$0	$0	$0
KEVIN STORMANS	VICE CHAIR	2.5	Officer Director	$0	$0	$0
PATRICIA PICH	TREASURER	2.5	Officer Director	$0	$0	$0
MICHELLE WICKETT	PAST CHAIR (THROUGH 4/25)	2.5	Officer Director	$0	$0	$0
MICHAEL CADE	DIRECTOR	1.25	Director	$0	$0	$0
BOB IYALL	DIRECTOR (THROUGH 4/25)	1.25	Director	$0	$0	$0
ALEX SMITH	DIRECTOR	1.25	Director	$0	$0	$0
WILL CALLICOAT	DIRECTOR	1.25	Director	$0	$0	$0
MICHAEL WHITE	DIRECTOR	1.25	Director	$0	$0	$0
RENEE RADCLIFF SINCLAIR	DIRECTOR	1.25	Director	$0	$0	$0
TODD MONOHON	DIRECTOR	1.25	Director	$0	$0	$0
ALEXIS ALVERSON	DIRECTOR	1.25	Director	$0	$0	$0
DARIN GOSS	DIRECTOR	1.25	Director	$0	$0	$0
DELEON BROOKS	DIRECTOR (THROUGH 7/25)	1.25	Director	$0	$0	$0
KELSEY HULSE	DIRECTOR	1.25	Director	$0	$0	$0
MIGUEL PINEDA	DIRECTOR	1.25	Director	$0	$0	$0
TESSA BRADLEY	BOARD CHAIR	1.25	Director	$0	$0	$0
MAKAYLA ROBERSON	DIRECTOR	1.32	Director	$0	$0	$0
JOSEPH LANHAM	DIRECTOR	1.25	Director	$0	$0	$0
NATE PETERS	DIRECTOR	1.25	Director	$0	$0	$0
JOHN STORMANS	DIRECTOR	1.25	Director	$0	$0	$0
KELLY GREEN	DIRECTOR	1.25	Director	$0	$0	$0
TROY OLIVER	DIRECTOR	1.25	Director	$0	$0	$0
DAVE WASSON	DIRECTOR (THROUGH 12/24)	1.25	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	$2,850,230	$2,603,281	$1,864,686	$246,949
2024	No data	No data	No data	No data
2023	$2,488,987	$2,380,076	$1,275,777	$108,911
2022	$2,579,016	$2,137,732	$1,560,183	$441,284
2021	$1,757,426	$1,573,541	$1,365,881	$183,885
2020	$1,495,642	$1,470,820	$460,821	$24,822
2019	$1,592,955	$1,560,521	$471,834	$32,434