Magnolia Chamber of Commerce

EIN: 911034563

Seattle, WA

Total Revenue
$492,428
Total Expenses
$455,900
Total Assets
$202,057
Net Assets
$193,418
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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
1951
Legal Domicile
WA
Principal Officer
Joan Enticknap
Phone
2062845836
Tax Period
2023-01-01 to 2023-12-31

Magnolia Chamber of Commerce, founded in 1951, is a small nonprofit that reported $492K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $456K left a modest 7% surplus.

Mission

The Magnolia Chamber of Commerce adds to the vibrancy of the community by fostering connections between Magnolias businesses, residents, and community groups.

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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 $230,633
Program Service Revenue $259,868
Investment Income $1,927
Other Revenue $0
TOTAL REVENUE $492,428

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,171
Fundraising Expenses $0
Program Expenses $427,301
Other Expenses $382,729
TOTAL EXPENSES $455,900

Year-over-Year Comparison

2023 2022 Change
Revenue $492,428 $381,406 +0.3%
Expenses $455,900 $331,269 +0.4%
Net Income $36,528 $50,137 -0.3%
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

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Governance

Voting Members
17
Independent Members
16
Employees
1
Volunteers
26

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
4
$0
Total Directors
15
$0
Key Employees
1
$67,747
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tom Powell President 10.00
Officer Director
$0 $0 $0
Ann Goos Vice President 25.00
Officer Director
$0 $0 $0
Joan Enticknap Treasurer 25.00
Officer Director
$0 $0 $0
Taylor Schmidt Secretary 4.00
Officer Director
$0 $0 $0
Cheryl McQuiston Board Member 20.00
Director
$0 $0 $0
David McDonald Board Member 4.00
Director
$0 $0 $0
Colleen Cook Board Member 5.00
Director
$0 $0 $0
Chris Lipscomb Board Member 1.00
Director
$0 $0 $0
Elizabeth Scott Board Member 18.00
Director
$0 $0 $0
Kathie Claypool Board Member 12.00
Director
$0 $0 $0
Rory O'Sullivan Board Member 4.00
Director
$0 $0 $0
Dani McDonough Board Member 5.00
Director
$0 $0 $0
Deb Bluestein Board Member 5.00
Director
$0 $0 $0
Jason Thibeaux Executive Director 25.00
Key Emp
$67,747 $0 $67,747
Daniela Eng Former President 5.00
$0 $0 $0
Melanie Audette Board Member 2.00
Director
$0 $0 $0
Stephen Faciszewski Board Member 2.00
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 No data No data No data No data
2023 $492,428 $455,900 $202,057 $36,528
2022 $381,406 $331,269 $159,534 $50,137
2021 $462,528 $421,667 $134,090 $40,861
2020 $167,066 $237,072 $183,050 $-70,006
2019 $339,446 $235,803 $139,854 $103,643
2018 $205,465 $176,257 $36,556 $29,208
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