FORKS CHAMBER OF COMMERCE (EIN 910779896) - 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

1649

Legal Domicile

Principal Officer

TRENT THURMAN

Phone

3603742531

Tax Period

2024-01-01 to 2024-12-31

FORKS CHAMBER OF COMMERCE, founded in 1649, is a small nonprofit that reported $740K in total revenue in fiscal year 2024.

Mission

PROMOTE BUSINESS AND TOURISM ON THE WESTERN OLYMPIC PENINSULA INCLUDING SUPPORT OF VISITOR INFORMATION CENTERS AT FORKS IN CLALLAM COUNTY AND KALALOCH IN JEFFERSON COUNTY

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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 $348,565

Program Service Revenue $278,417

Investment Income $189

Other Revenue $112,419

TOTAL REVENUE $739,590

Expense Breakdown

Grants Paid $18,500

Salaries & Benefits $239,289

Fundraising Expenses $0

Program Expenses $674,295

Other Expenses $521,666

TOTAL EXPENSES $779,455

Year-over-Year Comparison

	2024	2023	Change
Revenue	$739,590	$701,471	+0.1%
Expenses	$779,455	$718,316	+0.1%
Net Income	$-39,865	$-16,845	+1.4%

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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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
CHRISTI BARON	TREASURER	3.00	Officer Director	$0	$0	$0
MELENE BOURM	SECRETARY	1.00	Officer Director	$0	$0	$0
CARYN DEPEW	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE HANIFY	DIRECTOR	1.00	Director	$0	$0	$0
LINDA KEEN	DIRECTOR	1.00	Director	$0	$0	$0
SHARON MILLETT	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE PAUL	DIRECTOR	1.00	Director	$0	$0	$0
SHAUNA PETERS	DIRECTOR	1.00	Director	$0	$0	$0
DIANA REAUME	DIRECTOR	2.00	Director	$0	$0	$0
RENEE RUX	DIRECTOR	1.00	Director	$0	$0	$0
TRENT THURMAN	PRESIDENT	3.00	Officer 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	$739,590	$779,455	$446,906	$-39,865
2023	$701,471	$718,316	$273,028	$-16,845
2022	$697,550	$665,610	$311,234	$31,940
2021	$562,171	$482,987	$287,588	$79,184
2020	$291,621	$270,318	$252,899	$21,303
2019	$358,578	$389,524	$160,201	$-30,946
2018	$407,514	$430,471	$183,030	$-22,957

FORKS CHAMBER OF COMMERCE