GREATER SITKA 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

1960

Legal Domicile

Principal Officer

PAUL KRAFT

Phone

9077478604

Tax Period

2023-01-01 to 2023-12-31

GREATER SITKA CHAMBER OF COMMERCE, founded in 1960, is a small nonprofit that reported $820K in total revenue in fiscal year 2023.

Mission

THE CHAMBER PROVIDES BUSINESS ADVOCACY AND PROMOTION FOR 200 MEMBERS AND BUSINESSES

Program Service Accomplishments

Program 1

Expenses: $796,601 Revenue: $65,620

THE CHAMBER PROVIDES BUSINESS ADVOCACY AND PROMOTION FOR 200 MEMBERS AND 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $754,538

Program Service Revenue $65,620

Investment Income $0

Other Revenue $0

TOTAL REVENUE $820,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,299

Fundraising Expenses $0

Program Expenses $796,601

Other Expenses $484,302

TOTAL EXPENSES $796,601

Year-over-Year Comparison

	2023	2022	Change
Revenue	$820,158	$843,117	0.0%
Expenses	$796,601	$836,329	0.0%
Net Income	$23,557	$6,788	+2.5%

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

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
PAUL KRAFT	PRESIDENT	N/A	Officer Director	$0	$0	$0
HOLLY MEYER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHRISTINE MCGRAW	SECRETARY	N/A	Officer Director	$0	$0	$0
TAMARA NEDENS	TREASURER	N/A	Officer Director	$0	$0	$0
TIM FULTON	BOARD MEMBER	N/A	Director	$0	$0	$0
SARAH HADAD-DEMBS	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL JONES	BOARD MEMBER	N/A	Director	$0	$0	$0
NOAH RODGERS	BOARD MEMBER	N/A	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	$820,158	$796,601	$412,289	$23,557
2022	$843,117	$836,329	$395,690	$6,788
2021	$1,018,726	$928,497	$388,917	$90,229
2020	$656,158	$627,461	$274,574	$28,697
2019	$701,678	$605,208	$244,825	$96,470