MUKILTEO BUSINESS ASSOC CHAMBER OF COMMERCE

EIN: 911886036 Community Improvement

Mukilteo, WA

Total Revenue
$217,585
Total Expenses
$132,949
Total Assets
$171,889
Net Assets
$118,193
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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
1947
Legal Domicile
WA
Principal Officer
Sherri Bear
Phone
4253471456
Tax Period
2025-01-01 to 2025-12-31

MUKILTEO BUSINESS ASSOC CHAMBER OF COMMERCE, founded in 1947, is a small nonprofit in the Community Improvement sector that reported $218K in total revenue in fiscal year 2025. The organization ran a surplus of $85K, a strong 39% operating margin.

Mission

The Mukilteo Chamber's Mission Statement States That We Are Dedicated To Promoting Business Development and Economic Growth In Our Area

Program Service Accomplishments

Program 1
Expenses: $2,368 Revenue: $7,632

Music at the Beach

Program 2
Expenses: $7,693 Revenue: $25,229

Wine Fest

Program 3
Expenses: $29,346 Revenue: $15,720

All other 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $217,585
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $217,585

Expense Breakdown

Grants Paid $0
Salaries & Benefits $109,895
Fundraising Expenses $0
Program Expenses $132,949
Other Expenses $23,054
TOTAL EXPENSES $132,949

Year-over-Year Comparison

2025 2024 Change
Revenue $217,585 N/A N/A
Expenses $132,949 N/A N/A
Net Income $84,636 $0 N/A
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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Governance

Voting Members
10
Independent Members
N/A
Employees
N/A
Volunteers
10

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
9
$71,975
Total Directors
0
$0
Key Employees
4
$28,340
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kandace Barnes Executive Director 40
Officer
$71,975 $0 $71,975
Colleen Cook Employee 20
Key Emp
$27,234 $0 $27,234
Bashar T El Ali Employee 5
Key Emp
$598 $0 $598
Kaelyn Bundy Employee 5
Key Emp
$508 $0 $508
Matt Martin Chairman of the Board 2
Officer
$0 $0 $0
Christina Stollwerck Secretary 2
Officer
$0 $0 $0
Paul Ellis Past Chairman 2
Officer
$0 $0 $0
Jim Tinsley Director 0
Officer
$0 $0 $0
Cynthia Kelly Director at Large 0
Officer
$0 $0 $0
Adam LeMieux Director at Large 0
Officer
$0 $0 $0
Lorie Lauzon Director At Large 0
Officer
$0 $0 $0
Randy Robichaud Treasurer 0
Officer
$0 $0 $0
Sean Draught Director at Large 0
Key Emp
$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 $217,585 $132,949 $171,889 $84,636
2023 $261,761 $256,842 $48,385 $4,919
2022 $225,458 $238,290 $48,385 $-12,832
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