GREATER RENTON CHAMBER OF COMMERCE

EIN: 910495211

RENTON, WA

Total Revenue
$515,664
Total Expenses
$580,253
Total Assets
$809,344
Net Assets
$181,040
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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
1943
Legal Domicile
WA
Principal Officer
RICK MCMASTER
Phone
4252264560
Tax Period
2023-01-01 to 2023-12-31

GREATER RENTON CHAMBER OF COMMERCE, founded in 1943, is a small nonprofit that reported $516K in total revenue in fiscal year 2023. Revenue surged 120% from the prior year, signaling strong growth momentum. Expenses of $580K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE RENTON CHAMBERS MISSION IS TO IMPROVE BUSINESS AND ECONOMIC CONDITIONS, AND THE GENERAL WELFARE OF THE COMMUNITY. TO THAT END, THE CHAMBER IS IN THE BUSINESS OF SERVING BUSINESS, AS IT HAS FOR MORE THAN 76 YEARS. THE CHAMBER OFFERS ITS MEMBERS LEADERSHIP DEVELOPMENT, NETWORKING OPPORTUNITIES, ADVOCACY, AND RESOURCES TO PROMOTE BUSINESS PROSPERITY.

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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 $0
Program Service Revenue $464,550
Investment Income $0
Other Revenue $51,114
TOTAL REVENUE $515,664

Expense Breakdown

Grants Paid $0
Salaries & Benefits $269,570
Fundraising Expenses $0
Other Expenses $310,683
TOTAL EXPENSES $580,253

Year-over-Year Comparison

2023 2022 Change
Revenue $515,664 $233,877 +1.2%
Expenses $580,253 $232,835 +1.5%
Net Income $-64,589 $1,042 -63.0%
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
15
Independent Members
15
Employees
4
Volunteers
30

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
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES ALBERSON BOARD MEMBER 0.50
Director
$0 $0 $0
SIANNA FOSTER BOARD MEMBER 0.50
Director
$0 $0 $0
ERIC GASTON BOARD MEMBER 1.00
Director
$0 $0 $0
SEAN GREENLEE BOARD MEMBER 0.50
Director
$0 $0 $0
YOSHIKO HARDEN BOARD MEMBER 0.50
Director
$0 $0 $0
RICK MARSHALL BOARD MEMBER 0.50
Director
$0 $0 $0
RICK MCMASTER SECRETARY/TR 2.50
Officer Director
$0 $0 $0
SARAH MCNIESH PRESIDENT 3.00
Officer Director
$0 $0 $0
JACQUELINE NGUYEN BOARD MEMBER 0.50
Director
$0 $0 $0
TRAVIS OCHOA BOARD MEMBER 0.50
Director
$0 $0 $0
DANIELLE SMITH VICE PRESIDE 0.50
Officer Director
$0 $0 $0
KEVIN SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
MINY TAFESSE BOARD MEMBER 0.50
Director
$0 $0 $0
RYAN TOMAISCH BOARD MEMBER 1.00
Director
$0 $0 $0
JAY TOWNSEND BOARD MEMBER 0.50
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 $515,664 $580,253 $809,344 $-64,589
2022 $510,173 $512,603 $912,992 $-2,430
2022 $233,877 $232,835 $885,851 $1,042
2021 $476,129 $427,428 $929,304 $48,701
2020 $491,876 $485,290 $918,215 $6,586
2019 $474,106 $454,829 $834,217 $19,277
2018 $558,298 $560,684 $807,483 $-2,386
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