PALOUSE CHAMBER OF COMMERCE (EIN 911296139) - 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

1972

Legal Domicile

Principal Officer

CLAIRE ECHANOVE

Phone

5098781742

Tax Period

2023-09-01 to 2024-08-31

PALOUSE CHAMBER OF COMMERCE, founded in 1972, is a micro nonprofit that reported $24K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Net assets of $79K represent 40 months of operating reserves.

Mission

TO PROMOTE CHAMBER OF COMMERCE ACTIVITIES AND TO PROMOTE BUSINESS COORDINATION FOR THE BENEFIT OF THE COMMUNITY AND THE CITIZENS OF THE CITY OF PALOUSE WASHINGTON

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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 $2,200

Program Service Revenue $21,261

Investment Income $490

Other Revenue $0

TOTAL REVENUE $23,951

Expense Breakdown

Grants Paid $760

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $25,105

TOTAL EXPENSES $25,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,951	$132,472	-0.8%
Expenses	$25,865	$143,050	-0.8%
Net Income	$-1,914	$-10,578	-0.8%

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

N/A

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
DEBBIE GOETZ	President	5.00	Officer	$0	$0	$0
PAULA ECHANOVE	Vice President	5.00	Officer	$0	$0	$0
CLAIRE ECHANOVE	Treasurer	5.00	Officer	$0	$0	$0
PENNY THURMAN	Secretary	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	$23,951	$25,865	$79,124	$-1,914
2023	$132,472	$143,050	$82,104	$-10,578
2022	$87,008	$106,620	$92,680	$-19,612
2021	$102,974	$22,550	$111,228	$80,424
2020	$93,447	$87,011	$30,804	$6,436
2019	$94,613	$90,943	$24,368	$3,670
2018	$84,602	$88,972	$20,698	$-4,370

PALOUSE CHAMBER OF COMMERCE