GREATER PALMER CHAMBER OF COMMERCE

EIN: 920040101

PALMER, AK

Total Revenue
$324,047
Total Expenses
$284,312
Total Assets
$312,115
Net Assets
$307,369
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
AK
Principal Officer
SHERMAN LEIFER
Phone
9077452880
Tax Period
2022-10-01 to 2023-09-30

GREATER PALMER CHAMBER OF COMMERCE, founded in 1971, is a small nonprofit that reported $324K in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $284K left a modest 12% surplus.

Mission

TO PROMOTE BUSINESS, COMMERCIAL MANUFACTURING, AND CIVIC INTEREREST, WHICH WILL STIMULATE COMMERCE TO MAKE THE GREATER PALMER COMMUNITY A MORE PROSPEROUS, AND BEAUTIFUL

Program Service Accomplishments

Program 1
Expenses: $21,697 Revenue: $16,199

WEEKLY BUSINESS LUNCHEON MEETINGS: PROVIDES A FORUM FOR ABOUT 40 ATTENDING MEMBERS, GUESTS AND OTHER AREA PRESIDENTS TO HEAR ABOUT AND DISCUSS IMPORTANT LOCAL BUSINESS, MUNICIPAL, STATE AND NATIONAL...

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WEEKLY BUSINESS LUNCHEON MEETINGS: PROVIDES A FORUM FOR ABOUT 40 ATTENDING MEMBERS, GUESTS AND OTHER AREA PRESIDENTS TO HEAR ABOUT AND DISCUSS IMPORTANT LOCAL BUSINESS, MUNICIPAL, STATE AND NATIONAL TOPICS AND ISSUES THROUGH GUEST SPEAKERS.

Program 2
Expenses: $27,074 Revenue: $40,635

ANNUAL COLONY DAYS CELEBRATION AND PARADE. CHAMBER EVENT WHICH HONORS THE FORMATION OF THE ORIGINAL MATANUSKA VALLEY COLONY AND THE FOUNDING OF THE CITY OF PALMER AND FEATURES OUR HISTORY. ABOUT...

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ANNUAL COLONY DAYS CELEBRATION AND PARADE. CHAMBER EVENT WHICH HONORS THE FORMATION OF THE ORIGINAL MATANUSKA VALLEY COLONY AND THE FOUNDING OF THE CITY OF PALMER AND FEATURES OUR HISTORY. ABOUT 4,000 PARTICIPANTS/ATTENDEES.

Program 3
Expenses: $34,404 Revenue: $27,998

ANNUAL COLONY CHRISTMAS CELEBRATION AND PARADE. CHAMBER EVENT WHICH RECREATES AN OLD-TIME FAMILY CHRISTMAS CELEBRATION WITH LOCAL ARTISAN FEATURED CRAFT FAIR, SLEIGH RIDES, PARADE AND FIREWORKS...

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ANNUAL COLONY CHRISTMAS CELEBRATION AND PARADE. CHAMBER EVENT WHICH RECREATES AN OLD-TIME FAMILY CHRISTMAS CELEBRATION WITH LOCAL ARTISAN FEATURED CRAFT FAIR, SLEIGH RIDES, PARADE AND FIREWORKS. ABOUT 4,500 PARTICIPANTS/ATTENDEES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $189,860
Program Service Revenue $126,445
Investment Income $0
Other Revenue $7,742
TOTAL REVENUE $324,047

Expense Breakdown

Grants Paid $0
Salaries & Benefits $109,518
Fundraising Expenses $0
Program Expenses $284,312
Other Expenses $174,794
TOTAL EXPENSES $284,312

Year-over-Year Comparison

2022 2021 Change
Revenue $324,047 $257,714 +0.3%
Expenses $284,312 $300,973 -0.1%
Net Income $39,735 $-43,259 -1.9%
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

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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
75

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUCAS PARKER DIRECTOR 2.00
Director
$0 $0 $0
SHERMAN LEIFER PRESIDENT 5.00
Officer Director
$0 $0 $0
KELLY MCKAY-DOLFI PRESIDENT EL 3.00
Officer Director
$0 $0 $0
DUSTY SILVA PAST PRESIDE 5.00
Officer Director
$0 $0 $0
RONALEE MOSES PRESIDENT-EL 3.00
Officer Director
$0 $0 $0
RYAN OLAYVAR TREASURER 3.00
Officer Director
$0 $0 $0
JULIE ESTEY SECRETARY 3.00
Officer Director
$0 $0 $0
PETE CHRISTOPHER DIRECTOR 3.00
Director
$0 $0 $0
ROB FOXLEY DIRECTOR 3.00
Officer Director
$0 $0 $0
STEVEN LOYER DIRECTOR 3.00
Director
$0 $0 $0
BILL STODDARD DIRECTOR 3.00
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
2023 $324,047 $284,312 $312,115 $39,735
2022 $257,714 $300,973 $283,509 $-43,259
2021 $339,033 $266,401 $306,246 $72,632
2020 $248,469 $221,348 $227,868 $27,121
2019 $268,822 $214,213 $199,307 $54,609
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