FERNDALE CHAMBER OF COMMERCE

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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

1997

Legal Domicile

Principal Officer

MEGAN JUENEMANN

Phone

3603843042

Tax Period

2022-01-01 to 2022-12-31

FERNDALE CHAMBER OF COMMERCE, founded in 1997, is a small nonprofit that reported $410K in total revenue in fiscal year 2022. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $349K left a modest 15% surplus.

Mission

The Ferndale Chamber of Commerce strengthens business and community by advocating, educating and engaging our members so that Ferndale is the best place to live, work and do business. To encourage open ...

Program Service Accomplishments

Program 1

Expenses: $14,419 Revenue: $8,100

The Ferndale Chamber of Commerce provides and installs hanging flower baskets throughout the town from May to September to promote the downtown area and build on a sense of community

Program 2

Expenses: $7,335 Revenue: $8,545

The Ferndale Chamber of Commerce organizes and facilitates a monthly luncheon for the gathering of business members in the organization for the purpose of networking and community building.

Program 3

Expenses: $6,364 Revenue: $6,477

The Ferndale Chamber of Commerce organizes and facilitates an annual awards dinner to gather business members and recognize outstanding members in business.

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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 $391,582

Program Service Revenue $15,381

Investment Income $250

Other Revenue $2,659

TOTAL REVENUE $409,872

Expense Breakdown

Grants Paid $160,473

Salaries & Benefits $120,604

Fundraising Expenses $0

Program Expenses $28,118

Other Expenses $68,408

TOTAL EXPENSES $349,485

Year-over-Year Comparison

	2022	2021	Change
Revenue	$409,872	$221,918	+0.8%
Expenses	$349,485	$152,756	+1.3%
Net Income	$60,387	$69,162	-0.1%

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

$111,851

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RB MCKEON	PRESIDENT	5.000	Officer	$0	$0	$0
EZRA MOORE	VICE PRESIDENT	3.000	Officer	$0	$0	$0
LARRY BROWN	DIRECTOR	2.000	Director	$0	$0	$0
TIM MILLER	TREASURER	3.000	Officer	$0	$0	$0
BECKY CARR	DIRECTOR	2.000	Director	$0	$0	$0
LINDSAY ROHWEDER	DIRECTOR	3.000	Director	$0	$0	$0
DONNA GILDAY	DIRECTOR	3.000	Director	$0	$0	$0
SAM BEARDSLEE	DIRECTOR	3.000	Director	$0	$0	$0
ADRIAN HILDE	MEMBER AT LARGE	3.000	Director	$0	$0	$0
MARTHA BERMUDEZ	DIRECTOR	2.000	Director	$0	$0	$0
ALYSSA PITCHER	DIRECTOR	2.000	Director	$0	$0	$0
TAYLOR RUBART	DIRECTOR	2.000	Director	$0	$0	$0
KIMBERLY TUCKER	SECRETARY	3.000	Officer	$0	$0	$0
MEGAN JUENEMANN	EXECUTIVE DIRECTOR	30.00	Key Emp	$17,632	$0	$17,632
ANDREW WELCH	PROGRAM COORDINATOR	28.00	Key Emp	$31,160	$4,017	$35,177
ANYA MILTON	PAST EXECUTIVE DIRECTO	40.00	Key Emp	$54,830	$4,212	$59,042

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
2022	$409,872	$349,485	$220,802	$60,387
2021	$221,918	$152,756	$171,032	$69,162
2020	$220,766	$175,953	$99,742	$44,813
2018	$279,104	$270,245	$36,914	$8,859