CAMANO ISLAND 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

2013

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $114,523

CAMANO ISLAND CHAMBER OF COMMERCE PROVIDES A VISITOR INFORMATION CENTER FOR THE ISLAND, HAS MONTHLY GENERAL MEMBERSHIP MEETINGS TO HELP MEMBER BUSINESSES, HOLD JOINT CHAMBER MEETINGS WITH OTHER...

CAMANO ISLAND CHAMBER OF COMMERCE PROVIDES A VISITOR INFORMATION CENTER FOR THE ISLAND, HAS MONTHLY GENERAL MEMBERSHIP MEETINGS TO HELP MEMBER BUSINESSES, HOLD JOINT CHAMBER MEETINGS WITH OTHER COMMERCE ENTITIES AND THE PUBLIC TO EXPAND INTEREST IN LOCAL BUSINESS, PROVIDES SCHOLARSHIPS FOR LOCAL STANWOOD CAMANO SCHOOL DISTRICT SENIORS, AND HOSTS FUNDRAISERS SUCH AS THE CHILI CHOWDER COOKOFF, GLASS QUEST AND SHONSORSHIPS OF EVENTS TO SUPPORT BUSINESS AND COMMUNITY EVENTS.

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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 (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

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

Highest Compensated

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