Nome Chamber of Commerce Inc

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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

Tax Period

2023-01-01 to 2023-12-31

Nome Chamber of Commerce Inc, founded in 1981, is a small nonprofit that reported $315K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $280K left a modest 11% surplus.

Mission

The Nome Chamber strives to encourage free enterprise and trade, promote unification of the businesss community, provide a business forum for membership, attract new industry and commerce, maintain and improve business conditions and encourage good business practices

Program Service Accomplishments

Program 1

Expenses: $179,236 Revenue: $154,880

Promote economic development for the benefit of the residents of Nome, Alaska and the surrounding area, approximately 5000 people.

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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 $21,619

Program Service Revenue $0

Investment Income $1,614

Other Revenue $292,094

TOTAL REVENUE $315,327

Expense Breakdown

Grants Paid $500

Salaries & Benefits $175,926

Fundraising Expenses $0

Program Expenses $179,236

Other Expenses $104,032

TOTAL EXPENSES $280,458

Year-over-Year Comparison

	2023	2022	Change
Revenue	$315,327	$269,057	+0.2%
Expenses	$280,458	$299,725	-0.1%
Net Income	$34,869	$-30,668	-2.1%

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

N/A

Employees

Volunteers

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
Melissa Ford	Secretary	1.00	Officer	$0	$0	$0
Mark Johnson	Treasurer	2.00	Officer	$0	$0	$0
Scot Henderson	President	1.00	Officer	$0	$0	$0
Scott Crowe	Vice President	1.00	Officer	$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	$315,327	$280,458	$353,896	$34,869
2020	$282,858	$262,080	$265,113	$20,778
2019	$399,631	$181,566	$246,491	$218,065
2018	$252,465	$259,729	$27,734	$-7,264
2017	$250,812	$267,208	$41,516	$-16,396