Lacey South Sound Chamber of Comme… - Form 990 Financial Data

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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

1962

Legal Domicile

Principal Officer

AMBER YOUNG

Phone

3604914141

Tax Period

2023-01-01 to 2023-12-31

Lacey South Sound Chamber of Commerce Lacey South Sound Chamber of Commerce, founded in 1962, is a small nonprofit that reported $302K in total revenue in fiscal year 2023.

Mission

To Provide information, services and networking opportunities to local businesses and the general public

Program Service Accomplishments

Program 1

Expenses: $83,330 Revenue: $139,349

Provide support and information to businesses

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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 (2023)

Revenue Breakdown

Contributions & Grants $302,188

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $302,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,071

Fundraising Expenses $0

Program Expenses $83,330

Other Expenses $163,345

TOTAL EXPENSES $299,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,188	$303,817	0.0%
Expenses	$299,416	$300,270	0.0%
Net Income	$2,772	$3,547	-0.2%

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

N/A

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

$76,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLAKE KNOBLAUCH	Executive Director	40.00	Director	$76,000	$0	$76,000
AMBER YOUNG	President	4.000	Officer	$0	$0	$0
JEFF SEEMAN	President Elect	4.000	Officer	$0	$0	$0
NICK KERRY	Vice President	4.000	Officer	$0	$0	$0
MICHAEL JONES	Treasurer	4.000	Officer	$0	$0	$0
THERESSA DIAZ	Secretary	4.000	Officer	$0	$0	$0
CAMERON DANIELS	Past President	4.000	Officer	$0	$0	$0
NICHOLE WACHTMAN	Board Member	4.000	Officer	$0	$0	$0
CYNTHIA KNAPP	Board Member	4.000	Officer	$0	$0	$0
JANINE EZELL	Board Member	4.000	Officer	$0	$0	$0
STAN CHOLE	Board Member	4.000	Officer	$0	$0	$0
CHRISTINE FORREY	Board Member	4.000	Officer	$0	$0	$0
AMY DEGON	Board Member	4.000	Officer	$0	$0	$0
JOHN GRANTHAM	Board Member	4.000	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
2023	$302,188	$299,416	$30,676	$2,772
2022	$303,817	$300,270	$28,386	$3,547
2021	$229,406	$266,878	$49,169	$-37,472
2019	$329,300	$361,852	$57,902	$-32,552
2018	$328,272	$343,463	$28,452	$-15,191

Lacey South Sound Chamber of Commerce Lacey South Sound Chamber of Commerce