THURSTON COUNTY CHAMBER FOUNDATION

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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

1992

Legal Domicile

Principal Officer

DAVID SCHAFFERT

Phone

3603573362

Tax Period

2023-07-01 to 2024-06-30

THURSTON COUNTY CHAMBER FOUNDATION, founded in 1992, is a small nonprofit in the Unknown sector that reported $489K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $591K exceeded revenue, resulting in a 21% operating deficit.

Mission

BUILDING STRONG COMMUNITIES THROUGH EDUCATIONS, ENTREPRENUERSHIP, AND EQUITY.

Program Service Accomplishments

Program 1

Expenses: $84,119

SMALL BUSINESS INCUBATOR: THE THRUSTON COUNTY SMALL BUSINESS INCUBATOR IS CREATING JOBS BY HELPING ENTREPRENEURS AND SMALL BUSINESSES ACCESS THE RESOURCES THEY NEED FOR GROWTH AND LONG-TERM SUCCESS. THE INCUBATOR, A PROJECT OF THE THRUSTON COUNTY CHAMBER FOUNDATION, IS SUPPORTED BY THE FOUNDATION, THE THURSTON COUNTY CHAMBER OF COMMERCE, THE BUSINESS COMMUNITY, AND LOCAL AND STATE GOVERNMENTS. FOR THE CURRENT YEAR, THE PROGRAM FOCUSED ON MINORITY OWNED MICRO BUSINESSES. 20 PEOPLE SERVED.

Program 2

Expenses: $186,063

LEADERSHIP THURSTON COUNTY: A PROGRAM TO DEVELOP INFORMED, SKILLED AND COMMITTED LEADERSHIP REPRESENTATIVE OF THE AREA'S DIVERSE CITIZENS. THE PROGRAM WAS ESTABLISHED TO DEVELOP COMMUNITY LEADERS. IT IS A LOCAL PROGRAM CREATED SPECIFIALLY FOR OUR COMMUNITY AND DESIGNED TO HELP PARTICIPANTS: 1.ACQUIRE KNOWLEDGE AND A BROAD UNDERSTANDING OF THE COMPLEX ISSUES FACING SOUTH SOUND. 2.BUILD RELATIONSHIPS FOR COLLABORATIVE EFFORTS NEEDED TO RESOLVE CHALLENGES. 3.ENHANCE LEADERSHIP SKILLS THORUGH EXPERIENCES WITH COMMUNITY LEADERS AND OTHER ACTIVITIES DURING THE YEAR. 50 STUDENTS SERVED.

Program 3

Expenses: $150,764

THURSTON THRIVES IS A COMMUNITY INITIATIVE TO IMPROVE THE HEALTH AND SAFETY FOR ALL PEOPLE IN THURSTON COUNTY. USING A COLLECTIVE IMPACT FRAMEWORK, THURSTON THRIVES BRINGS TOGETHER LOCAL...

THURSTON THRIVES IS A COMMUNITY INITIATIVE TO IMPROVE THE HEALTH AND SAFETY FOR ALL PEOPLE IN THURSTON COUNTY. USING A COLLECTIVE IMPACT FRAMEWORK, THURSTON THRIVES BRINGS TOGETHER LOCAL JURISIDICTIONS, BUSINESSES AND NONPROFITS TO FIND NEW WAYS OF WORKING TOGETHER TO ADDRESS OUR REGIONS' MOST PRESSING NEEDS. 850 PEOPLE SERVED.

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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 $70,990

Program Service Revenue $357,221

Investment Income $2

Other Revenue $60,554

TOTAL REVENUE $488,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $420,946

Other Expenses $591,140

TOTAL EXPENSES $591,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$488,767	$544,907	-0.1%
Expenses	$591,140	$467,600	+0.3%
Net Income	$-102,373	$77,307	-2.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
TRENTON FLUETSCH	CHAIR	N/A	Officer Director	$0	$0	$0
PATRICIA PICH	TREASURER	N/A	Officer Director	$0	$0	$0
DAVID SCHAFFERT	SECRETARY	N/A	Officer Director	$0	$0	$0
KEVIN STORMANS	VICE CHAIR	N/A	Officer Director	$0	$0	$0
DAVE WASSON	CHAIR ELECT	N/A	Officer Director	$0	$0	$0
MICHELLE WICKETT	PAST CHAIR	N/A	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
2025	No data	No data	No data	No data
2024	$488,767	$591,140	$1,511,343	$-102,373
2023	$544,907	$467,600	$1,628,047	$77,307
2022	$662,375	$611,800	$1,587,684	$50,575
2021	$525,020	$529,883	$1,542,245	$-4,863
2020	$484,495	$525,141	$1,623,749	$-40,646
2019	$553,686	$529,800	$1,708,263	$23,886