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)

4 risk indicators measuring financial stability and operational resilience

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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

To lead transformative business & community initiatives to build a robust regional economy.

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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

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

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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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