KENAI CHAMBER OF COMMERCE AND VISITORS CENTER (EIN 920117443) - 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

1954

Legal Domicile

Principal Officer

GREG STEIN

Phone

9072831991

Tax Period

2023-01-01 to 2023-12-31

KENAI CHAMBER OF COMMERCE AND VISITORS CENTER, founded in 1954, is a small nonprofit that reported $328K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

PROMOTE ECONOMIC DEVELOPMENT, JOB GROWTH AND EDUCATION FOR THE CITY OF KENAI. PROMOTION OF THE MEMBERSHIP OF THE KCCVC AND THE CITY OF KENAI THROUGH DESTINATION MARKETING, SUPPORTING ECONOMIC DEVELOPMENT OF THE KENAI THROUGH THE VISITOR INDUSTRY, SERVING AS THE PROFESSIONAL FACILITY MANAGER OF THE VISITORS AND CULTUARAL CENTER AND PROMOTION OF THE HISTORY, ARTS AND CULTURE OF KENAI AND ALASKA.

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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 $44,240

Program Service Revenue $182,447

Investment Income $65

Other Revenue $101,343

TOTAL REVENUE $328,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,945

Fundraising Expenses $0

Other Expenses $116,253

TOTAL EXPENSES $337,198

Year-over-Year Comparison

	2023	2022	Change
Revenue	$328,095	$234,836	+0.4%
Expenses	$337,198	$274,807	+0.2%
Net Income	$-9,103	$-39,971	-0.8%

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

$62,509

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMANTHA SPRINGER	Executive Dir.	40.00	Officer	$62,509	$0	$62,509
PENNY FURNISH	Secretary	5.00	Officer Director	$0	$0	$0
MIKE DYE	Treasurer	5.00	Officer Director	$0	$0	$0
STEPHANIE RAYMOND	Director	2.00	Director	$0	$0	$0
GREG STEIN	President	5.00	Officer Director	$0	$0	$0
FRED WERTH	Director	2.00	Director	$0	$0	$0
SERENA SEVENER-BYERLY	Director	2.00	Director	$0	$0	$0
KATY RICE	Director	2.00	Director	$0	$0	$0
ALEX DOUTHIT	Vice President	2.00	Director	$0	$0	$0
SCOTT ROSIN	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
2024	No data	No data	No data	No data
2023	$328,095	$337,198	$121,609	$-9,103
2022	$234,836	$274,807	$127,212	$-39,971
2021	$917,285	$871,198	$166,930	$46,087
2020	$337,539	$315,531	$123,219	$22,008
2019	$364,243	$345,395	$98,738	$18,848
2018	$433,703	$451,352	$86,425	$-17,649

KENAI CHAMBER OF COMMERCE AND VISITORS CENTER