ANACORTES CHAMBER OF COMMERCE

EIN: 910534761

ANACORTES, WA

Total Revenue
$1,175,561
Total Expenses
$1,087,858
Total Assets
$717,723
Net Assets
$698,450
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1911
Legal Domicile
WA
Principal Officer
JESICA KISER
Phone
3602937911
Tax Period
2023-01-01 to 2023-12-31

ANACORTES CHAMBER OF COMMERCE, founded in 1911, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 7% surplus.

Mission

THE ANACORTES CHAMBER OF COMMERCE MISSION IS TO BE THE CATALYST FOR ECONOMIC PROSPERITY THROUGH INNOVATIVE LEADERSHIP, ADVOCACY AND COLLABORATIVE COMMUNITY ENGAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $751,212

THE ANACORTES CHAMBER OF COMMERCE IS A MEMBER-DRIVEN, NON-PROFIT ORGANIZATION OF BUSINESSES, PROFESSIONALS, AND COMMUNITY STAKEHOLDERS THAT PROVIDE LEADERSHIP TO IMPROVE ANACORTES BUSINESSES AND OUR...

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THE ANACORTES CHAMBER OF COMMERCE IS A MEMBER-DRIVEN, NON-PROFIT ORGANIZATION OF BUSINESSES, PROFESSIONALS, AND COMMUNITY STAKEHOLDERS THAT PROVIDE LEADERSHIP TO IMPROVE ANACORTES BUSINESSES AND OUR COMMUNITY. WE PROVIDE BUSINESS SERVICES TO OUR MEMBERS, FORM PARTNERSHIPS AND ALLIANCES WITH APPROPRIATE ENTITIES, ENGAGE IN LEGISLATIVE ADVOCACY, PARTICIPATE IN ECONOMIC DEVELOPMENT ACTIVITIES, AND INITIATE ACTION AND VALUE-ADDED PROGRAMS FOR OUR MEMBERS AND THE COMMUNITY AT LARGE.

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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 $466,946
Program Service Revenue $377,409
Investment Income $2,561
Other Revenue $328,645
TOTAL REVENUE $1,175,561

Expense Breakdown

Grants Paid $4,434
Salaries & Benefits $443,229
Fundraising Expenses $245,994
Program Expenses $751,212
Other Expenses $640,195
TOTAL EXPENSES $1,087,858

Year-over-Year Comparison

2023 2022 Change
Revenue $1,175,561 $1,169,414 +0.0%
Expenses $1,087,858 $1,032,627 +0.1%
Net Income $87,703 $136,787 -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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
N/A
Employees
12
Volunteers
200

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
$103,908
Total Directors
21
$103,908
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LESLIE SYMONDS CHAIR 1.00
Officer Director
$0 $0 $0
DANIEL WORRA CHAIR ELECT 0.50
Officer Director
$0 $0 $0
DAVE KRUSE SECRETARY 0.50
Officer Director
$0 $0 $0
ERIN MEISSNER TREASURER 1.00
Officer Director
$0 $0 $0
ALLEN WORKMAN PAST CHAIR 0.25
Officer Director
$0 $0 $0
CHRIS TERRELL DIRECTOR 0.25
Director
$0 $0 $0
THERESA RUDZIS DIRECTOR 0.25
Director
$0 $0 $0
MARK LIONE DIRECTOR 0.50
Director
$0 $0 $0
AMANDA LOVECCHIO DIRECTOR 0.25
Director
$0 $0 $0
ERIN HOSKINS DIRECTOR 0.50
Director
$0 $0 $0
JASON EASTON DIRECTOR 0.25
Director
$0 $0 $0
MARY TRESTER DIRECTOR 0.50
Director
$0 $0 $0
WENDY DRAKE DIRECTOR 0.50
Director
$0 $0 $0
REID MEYERS LEGAL COUNSE 1.00
Director
$0 $0 $0
MATT MILLER EX-OFFICIO 0.25
Director
$0 $0 $0
ELISE CUTTER EX-OFFICIO 0.25
Director
$0 $0 $0
JUSTIN IRISH EX-OFFICIO 0.25
Director
$0 $0 $0
JUSTIN IRISH EX-OFFICIO 0.25
Director
$0 $0 $0
MATT GILL EX-OFFICIO 0.50
Director
$0 $0 $0
JEREMY PRICE EX-OFFICIO 0.25
Director
$0 $0 $0
JESICA KISER PRESIDENT/CE 40.00
Officer Director
$103,908 $0 $103,908
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 $1,175,561 $1,087,858 $717,723 $87,703
2022 $1,169,414 $1,032,627 $642,913 $136,787
2021 $896,095 $819,755 $425,718 $76,340
2020 $637,772 $716,634 $362,448 $-78,862
2019 $916,086 $845,052 $421,223 $71,034
2018 $919,476 $872,923 $351,999 $46,553
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