VASHON-MAURY ISLAND CHAMBER OF COMMERCE

EIN: 911606353

VASHON, WA

Total Revenue
$216,707
Total Expenses
$213,234
Total Assets
$36,499
Net Assets
$15,702
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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
1981
Legal Domicile
WA
Principal Officer
CHERYL LUBBERT
Phone
2064636217
Tax Period
2023-01-01 to 2023-12-31

VASHON-MAURY ISLAND CHAMBER OF COMMERCE, founded in 1981, is a small nonprofit that reported $217K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION PROMOTES AND SERVES VASHON ISLAND BUSINESSES.

Program Service Accomplishments

Program 1

PROMOTE AND SERVE ISLAND BUSINESSES BY HOSTING MONTHLY MEETINGS AND LEAD GROUP DISCUSSIONS CENTERED ON BUSINESS DEVELOPMENT. HOST COMMUNITY EVENTS AND DISTRIBUTE PUBLICATIONS TO PROMOTE AND STIMULATE...

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PROMOTE AND SERVE ISLAND BUSINESSES BY HOSTING MONTHLY MEETINGS AND LEAD GROUP DISCUSSIONS CENTERED ON BUSINESS DEVELOPMENT. HOST COMMUNITY EVENTS AND DISTRIBUTE PUBLICATIONS TO PROMOTE AND STIMULATE ISLAND BUSINESSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,000
Program Service Revenue $211,556
Investment Income $151
Other Revenue $0
TOTAL REVENUE $216,707

Expense Breakdown

Grants Paid $0
Salaries & Benefits $55,397
Fundraising Expenses $0
Other Expenses $157,837
TOTAL EXPENSES $213,234

Year-over-Year Comparison

2023 2022 Change
Revenue $216,707 $163,000 +0.3%
Expenses $213,234 $157,097 +0.4%
Net Income $3,473 $5,903 -0.4%
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
10
Independent Members
10
Employees
2
Volunteers
100

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
7
$49,219
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY DRAYER EXECUTIVE DI 25.00
Officer
$45,469 $0 $45,469
BENJAMIN STEMER PRIOR EXEC. 25.00
Officer
$3,750 $0 $3,750
CHRISTOPHER NAKEA TRUSTEE 2.00
Director
$0 $0 $0
JOSH THORN TRUSTEE 2.00
Director
$0 $0 $0
ADAM CHUMAS TRUSTEE 2.00
Director
$0 $0 $0
MIKE ENGLAND TRUSTEE 2.00
Director
$0 $0 $0
CLIFF SILKETT TRUSTEE 2.00
Director
$0 $0 $0
CHERYL LUBBERT CO-PRESIDENT 4.00
Officer Director
$0 $0 $0
CONNIE SORENSEN CO-PRESIDENT 4.00
Officer Director
$0 $0 $0
JOHN DEGROEN CO-TREASURER 2.00
Officer Director
$0 $0 $0
HEATHER RUSSELL CO-TREASURER 2.00
Officer Director
$0 $0 $0
TINA MOHR SECRETARY 2.00
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 No data No data No data No data
2023 $216,707 $213,234 $36,499 $3,473
2022 $163,000 $157,097 $40,205 $5,903
2021 $151,531 $187,343 $34,899 $-35,812
2020 $149,370 $78,559 $76,952 $70,811
2019 $224,098 $220,928 $-7,578 $3,170
2018 $222,189 $236,219 $-7,743 $-14,030
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