Spokane Regional Chamber of Commerce

EIN: 910418800

Spokane, WA

Total Revenue
$4,242,357
Total Expenses
$4,483,223
Total Assets
$5,044,093
Net Assets
$2,268,436
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1898
Legal Domicile
WA
Principal Officer
Alisha Benson
Phone
5096241393
Tax Period
2024-01-01 to 2024-12-31

Spokane Regional Chamber of Commerce, founded in 1898, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

The Spokane Regional Chamber of Commerce, dba Greater Spokane, Incorporated, primary mission is to lead transformative business and community initiatives to build a robust regional economy.

Program Service Accomplishments

Program 1

Membership & Events: Greater Spokane Inc. strengthens regional business growth by facilitating networking opportunities, providing educational programs, and delivering resources that support informed...

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Membership & Events: Greater Spokane Inc. strengthens regional business growth by facilitating networking opportunities, providing educational programs, and delivering resources that support informed decision-making. Our events bring together business leaders to foster collaboration, exchange ideas, and build connections that drive economic development. Additionally, we educate businesses through targeted training programs, helping them navigate challenges, enhance their operations, and contribute to the overall economic vitality of the region.

Program 2

Greater Growth: Greater Spokane Inc. drives economic development by providing comprehensive support to businesses at every stage of their growth. This includes fostering entrepreneurship, assisting...

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Greater Growth: Greater Spokane Inc. drives economic development by providing comprehensive support to businesses at every stage of their growth. This includes fostering entrepreneurship, assisting startups, enabling expansion for existing companies, retaining businesses in the region, and recruiting new ones. Our targeted efforts focus on high-growth and high-potential industries such as life sciences, aerospace, agriculture, manufacturing, and professional services. Through strategic recruitment and marketing, we promote the region as a competitive and attractive location for businesses to thrive.

Program 3

Greater Talent: Career Connect Northeast serves as the foundation for providing career-connected learning and STEM experiences in the region. By fostering partnerships between businesses and...

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Greater Talent: Career Connect Northeast serves as the foundation for providing career-connected learning and STEM experiences in the region. By fostering partnerships between businesses and educators, we help develop a workforce equipped with the skills needed for success. Key programs include Teaching the Teachers, Business After-School, and Greater Minds. Through the Spokane STEM Network, we engage students to increase their pursuit of STEM competencies, preparing them for future careers. Additionally, our Greater Minds initiative focuses on improving educational attainment for adults in Spokane County, supporting the community's goal of raising the percentage of adults with post-secondary degrees.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,670,756
Program Service Revenue $2,439,449
Investment Income $52,291
Other Revenue $79,861
TOTAL REVENUE $4,242,357

Expense Breakdown

Grants Paid $7,666
Salaries & Benefits $2,532,292
Fundraising Expenses $0
Other Expenses $1,943,265
TOTAL EXPENSES $4,483,223

Year-over-Year Comparison

2024 2023 Change
Revenue $4,242,357 $5,132,019 -0.2%
Expenses $4,483,223 $5,397,500 -0.2%
Net Income $-240,866 $-265,481 -0.1%
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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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
33
Volunteers
17

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
6
$254,684
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stacey Cowles Chair 1.00
Officer Director
$0 $0 $0
Charlotte Nemec Chair Elect 1.00
Officer Director
$0 $0 $0
Dan Demchuk Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Carla Cicero Past Chair 1.00
Officer Director
$0 $0 $0
William Symmes General Counsel 1.00
Officer Director
$0 $0 $0
Brooke Baker-Spink Trustee 1.00
Director
$0 $0 $0
David Condon Trustee 1.00
Director
$0 $0 $0
Stephanie Curran Trustee 1.00
Director
$0 $0 $0
Steve Hauschild Trustee 1.00
Director
$0 $0 $0
Otto Klein Trustee 1.00
Director
$0 $0 $0
Trent Maier Trustee 1.00
Director
$0 $0 $0
Chris McFaul Trustee 1.00
Director
$0 $0 $0
Marcelo Morales Trustee 1.00
Director
$0 $0 $0
Paul Read Trustee 1.00
Director
$0 $0 $0
Rob Roettger Trustee 1.00
Director
$0 $0 $0
Christine Varela Trustee 1.00
Director
$0 $0 $0
Dennis Vermillion Trustee 1.00
Director
$0 $0 $0
Alisha Benson CEO 40.00
Officer
$227,175 $27,509 $254,684
Gary Ballew VP of Economic Development 40.00
Highest
$129,138 $31,863 $161,001
Lisa Lewis VP of Development and Partnership 40.00
Highest
$137,738 $25,103 $162,841
Erin Vincent VP of Education and Talent 40.00
Highest
$104,269 $18,529 $122,798
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 $4,242,357 $4,483,223 $5,044,093 $-240,866
2023 $5,132,019 $5,397,500 $6,113,838 $-265,481
2022 $5,819,739 $4,589,969 $6,247,004 $1,229,770
2021 $4,049,802 $3,829,948 $2,334,125 $219,854
2020 $29,000,564 $28,516,874 $2,791,565 $483,690
2019 $4,441,627 $4,142,291 $2,199,832 $299,336
2018 $3,873,628 $3,986,871 $1,862,362 $-113,243
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