CAMANO ISLAND CHAMBER OF COMMERCE

EIN: 911316239 Community Improvement

CAMANO ISLAND, WA

Total Revenue
$133,068
Total Expenses
$130,412
Total Assets
$249,979
Net Assets
$248,027
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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
2013
Legal Domicile
WA
Principal Officer
BRANDON ERICSON
Phone
3606297136
Tax Period
2024-01-01 to 2024-12-31

CAMANO ISLAND CHAMBER OF COMMERCE, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $133K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

CAMANO ISLAND CHAMBER OF COMMERCE IS WHERE NEIGHBORS MEET TO ENCOURAGE ECONOMIC VITALITY THROUGH A PARTNERSHIP OF BUSINESS, RESIDENTS AND VISITORS - WHILE ENCOURAGING THE PROTECTION OF THE ENVIRONMENT AND QUALITY OF LIFE ON CAMANO ISLAND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $114,858
Program Service Revenue $0
Investment Income $3,734
Other Revenue $14,476
TOTAL REVENUE $133,068

Expense Breakdown

Grants Paid $0
Salaries & Benefits $82,176
Fundraising Expenses $832
Program Expenses $121,556
Other Expenses $48,236
TOTAL EXPENSES $130,412

Year-over-Year Comparison

2024 2023 Change
Revenue $133,068 $151,660 -0.1%
Expenses $130,412 $119,105 +0.1%
Net Income $2,656 $32,555 -0.9%
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
14
Independent Members
14
Employees
4
Volunteers
25

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDON ERICSON PRESIDENT 2.00
Officer Director
$0 $0 $0
SUSAN FAY DIRECTOR 1.00
Director
$0 $0 $0
ELLICE LIEN VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MARTHA MAGANA TREASURER 1.00
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 $133,068 $130,412 $249,979 $2,656
2023 $151,660 $119,105 $247,271 $32,555
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