SOUTHWEST KING COUNTY CHAMBER OF COMMERCE (EIN 910595611) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

SAMANTHA LE

Phone

2065751633

Tax Period

2024-01-01 to 2024-12-31

SOUTHWEST KING COUNTY CHAMBER OF COMMERCE, founded in 1988, is a small nonprofit that reported $407K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $610K exceeded revenue, resulting in a 50% operating deficit.

Mission

SEATTLE SOUTHSIDE CHAMBER OF COMMERCE CREATES SUCCESS FOR OUR MEMBERS; ADVANCES OUR REGION; AND MAINTAINS A STRONG ECONOMIC ENVIRONMENT IN SOUTHWEST KING COUNTY THROUGH SUPPORT, SERVICE, AND ADVOCACY AT ALL LEVELS OF GOVERNMENT, AND BY CONNECTING OUR MEMBERS TO OUR COMMUNITIES.

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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 $185,324

Program Service Revenue $221,573

Investment Income $517

Other Revenue $0

TOTAL REVENUE $407,414

Expense Breakdown

Grants Paid $1,375

Salaries & Benefits $352,444

Fundraising Expenses $0

Other Expenses $256,582

TOTAL EXPENSES $610,401

Year-over-Year Comparison

	2024	2023	Change
Revenue	$407,414	$528,595	-0.2%
Expenses	$610,401	$552,919	+0.1%
Net Income	$-202,987	$-24,324	+7.3%

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

$97,558

Total Directors

$97,558

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMANTHA LE	EXECUTIVE DI	40.00	Officer Director	$97,558	$0	$97,558
NAVDEEP SINGH	CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER HANSEN	PAST CHAIR	1.00	Officer Director	$0	$0	$0
FAISAL MOHAMED	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
DEEPAK DEVASTHALI	TREASURER	1.00	Officer Director	$0	$0	$0
NANCY SALGUERO-MCKAY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SCHAEFER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
JOHAN HELLMAN	DIRECTOR	1.00	Director	$0	$0	$0
SATIVAH JONES	DIRECTOR	1.00	Director	$0	$0	$0
CORY ERTEL	DIRECTOR	1.00	Director	$0	$0	$0
SYNTHIA MELTON	DIRECTOR	1.00	Director	$0	$0	$0
BOB LIVINGSTON	DIRECTOR	1.00	Director	$0	$0	$0
JOSH GERSTMAN	DIRECTOR	1.00	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	$407,414	$610,401	$185,401	$-202,987
2023	$528,595	$552,919	$392,571	$-24,324
2022	$412,450	$456,913	$392,260	$-44,463
2021	$484,682	$418,014	$435,874	$66,668
2020	$451,472	$351,666	$379,609	$99,806
2019	$402,851	$438,921	$137,142	$-36,070
2018	$369,910	$413,680	$171,349	$-43,770

SOUTHWEST KING COUNTY CHAMBER OF COMMERCE