KENT CHAMBER OF COMMERCE (EIN 910762912) - 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

Legal Domicile

Principal Officer

ZENOVIA HARRIS

Phone

2538541770

Tax Period

2022-01-01 to 2022-12-31

KENT CHAMBER OF COMMERCE is a small nonprofit that reported $263K in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year.

Mission

THE KENT CHAMBER OF COMMERCE SERVES ROUGHLY 500 MEMBER BUSINESSES AND OVER 1,000 REPRESENTATIVES FOCUSING ON MANAGING GROWTH IN THE KENT AREA. THE CHAMBER ESTABLISHES LEADERSHIP AND PROMOTES EFFECTIVE RELATIONSHIPS WITH GOVERNMENT AT ALL LEVELS AND ALSO WORKS WITH OTHER COMMUNITY ORGANIZATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $141,042

Program Service Revenue $61,679

Investment Income $94

Other Revenue $60,631

TOTAL REVENUE $263,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,537

Fundraising Expenses $8,670

Other Expenses $74,502

TOTAL EXPENSES $267,039

Year-over-Year Comparison

	2022	2021	Change
Revenue	$263,446	$323,384	-0.2%
Expenses	$267,039	$265,395	+0.0%
Net Income	$-3,593	$57,989	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY BENNETT	Director	0.00	Director	$0	$0	$0
YVONNE WALKER	Director	0.00	Director	$0	$0	$0
DENNIS WILSON	Director	0.00	Director	$0	$0	$0
SARAH MCNIESCH	PAST PRESIDENT	1.00	Director	$0	$0	$0
JULIE SHOTT	Director	0.00	Director	$0	$0	$0
MEGAN PEARSON	Director	1.00	Director	$0	$0	$0
BOOKDA GHEISAR	EX OFFICIO	0.00	Director	$0	$0	$0
CARRIE SHAW	Director	1.00	Director	$0	$0	$0
SUZANNE CAMERON	PRESIDENT ELECT	1.00	Director	$0	$0	$0
ISREAL VELA	EX OFFICIO	0.00	Director	$0	$0	$0
JOHN SCULLY	President	1.00	Director	$0	$0	$0
HON DANA RALPH	EX OFFICIO	1.00	Director	$0	$0	$0
GAILA GUTIERREZ	EX OFFICIO	1.00	Director	$0	$0	$0
ZENOVIA HARRIS	Chief Executive	40.00	Officer	$0	$0	$0
DOMONIQUE JULEON	Director	0.00	Officer	$0	$0	$0
KEITH MOSELEY	Treasurer	2.00	Officer	$0	$0	$0
MICHELLE HUNT	Director	0.00	Officer	$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	No data	No data	No data	No data
2022	$263,446	$267,039	$334,080	$-3,593
2021	$323,384	$265,395	$346,273	$57,989
2020	$253,618	$230,277	$299,055	$23,341
2019	$313,551	$314,613	$284,945	$-1,062
2018	$318,960	$304,531	$294,639	$14,429

KENT CHAMBER OF COMMERCE