Homer Chamber of Commerce Inc (EIN 920080954) - Form 990 Financial Analysis & Trantor Score

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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

1948

Legal Domicile

Principal Officer

Brad Anderson

Phone

9072357740

Tax Period

2024-10-01 to 2025-09-30

Homer Chamber of Commerce Inc, founded in 1948, is a small nonprofit in the Community Improvement sector that reported $851K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $726K left a modest 15% surplus.

Mission

To support the membership through cooperative economic development and community service. Sponsor several community events to enhance business opportunities and promote the local area to out of town visitors.

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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 (2024)

Revenue Breakdown

Contributions & Grants $187,876

Program Service Revenue $162,528

Investment Income $89

Other Revenue $500,597

TOTAL REVENUE $851,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $324,459

Fundraising Expenses $133,592

Other Expenses $401,839

TOTAL EXPENSES $726,298

Year-over-Year Comparison

	2024	2023	Change
Revenue	$851,090	$552,761	+0.5%
Expenses	$726,298	$715,008	+0.0%
Net Income	$124,792	$-162,247	-1.8%

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

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
Brad Anderson	Executive director	40.00		$90,600	$0	$90,600
Joell Restad	President	2.00	Officer Director	$0	$0	$0
Jim Anderson	Vice President	2.00	Officer Director	$0	$0	$0
Marcia Kuszmaui	Secretary	2.00	Officer Director	$0	$0	$0
Anna Hermanson	Treasurer	2.00	Officer Director	$0	$0	$0
Derotha Ferraro	Director	2.00	Director	$0	$0	$0
Rita Jo Schultz	Director	2.00	Director	$0	$0	$0
Adam Stover	Director	2.00	Director	$0	$0	$0
Amanda Jerde	Director	2.00	Director	$0	$0	$0
Lance Prouse	Director	2.00	Director	$0	$0	$0
Trey Hill	Director	2.00	Director	$0	$0	$0
Kristina Hayes	Director	2.00	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
2025	$851,090	$726,298	$682,545	$124,792
2024	$552,761	$715,008	$598,289	$-162,247
2023	$591,017	$644,331	$721,937	$-53,314
2022	$549,401	$574,977	$782,932	$-25,576
2021	$679,883	$651,912	$868,242	$27,971
2020	$266,818	$288,811	$698,771	$-21,993
2019	$341,986	$322,266	$692,466	$19,720
2018	$296,293	$315,935	$697,115	$-19,642

Homer Chamber of Commerce Inc