CORVALLIS 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

1932

Legal Domicile

Principal Officer

CHRISTY WOOD

Phone

5417571505

Tax Period

2022-07-01 to 2023-06-30

CORVALLIS CHAMBER OF COMMERCE, founded in 1932, is a small nonprofit that reported $316K in total revenue in fiscal year 2022. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $95K, a strong 30% operating margin.

Mission

THE CORVALLIS CHAMBER OF COMMERCE EXISTS TO SERVE, LEAD AND REPRESENT THE BUSINESS COMMUNITY AND ADVANCE ITS INTERESTS FOR THE PROSPERITY OF CORVALLIS AND BENTON COUNTY AS A WHOLE.

Program Service Accomplishments

Program 1

COMMUNITY EVENTS PROGRAMS ARE DESIGNED TO PROMOTE CHAMBER MEMBERS WHILE CONTRIBUTING TO A PROSPEROUS COMMUNITY. THIS INCLUDES THE ANNUAL EVENT CELEBRATE CORVALLIS, PARTICIPATION IN NATIONAL LEMONADE DAY, THE ANNUAL CHAMBER GOLF SCRAMBLE, AND OTHER EVENTS. ON YEARS ENDING IN ODD NUMBERS, THE CHAMBER HOSTS THE WILLAMETTE ANGELS CONFERENCE IN CORVALLIS WHICH IS AN INVESTMENT CONFERENCE THAT CONNECTS EARLY STAGE AND SEED STARTUPS WITH ANGEL AND VENTURE INVESTORS.

Program 2

BUSINESS NETWORKING PROGRAMS PROVIDE OPPORTUNITIES FOR MEMBERS OF THE BUSINESS COMMUNITY TO NURTURE CONNECTIONS WITH A VARIETY OF CONTACTS AND RESOURCES. THESE PROGRAMS INCLUDE CHAMBER AMBASSADORS...

BUSINESS NETWORKING PROGRAMS PROVIDE OPPORTUNITIES FOR MEMBERS OF THE BUSINESS COMMUNITY TO NURTURE CONNECTIONS WITH A VARIETY OF CONTACTS AND RESOURCES. THESE PROGRAMS INCLUDE CHAMBER AMBASSADORS, GREETERS, BUSINESS AFTER HOURS, AND FINDITINCORVALLIS.COM ONLINE DIRECTORY.

Program 3

BUSINESS EDUCATION PROGRAMS PROVIDE ON-GOING TRAINING AND RELEVANT INFORMATION TO CHAMBER MEMBERSHIP THROUGH QUALIFIED SPEAKERS AND PRESENTERS. THESE PROGRAMS INCLUDE LUNCH AND LEARNS, MONTHLY...

BUSINESS EDUCATION PROGRAMS PROVIDE ON-GOING TRAINING AND RELEVANT INFORMATION TO CHAMBER MEMBERSHIP THROUGH QUALIFIED SPEAKERS AND PRESENTERS. THESE PROGRAMS INCLUDE LUNCH AND LEARNS, MONTHLY FORUMS, AND MONTHLY WOMEN IN BUSINESS LUNCHEONS. DURING THE YEAR ENDED JUNE 30, 2017, THE CHAMBER STARTED AN ON-GOING CONTRACT WITH THE ECONOMIC DEVELOPMENT OFFICE TO PARTNER IN PROVIDING ADDITIONAL EDUCATIONAL FORUMS RELATED TO THE WILLAMETTE INNOVATORS NETWORK AND CORVALLIS PUB TALKS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $302,791

Investment Income $0

Other Revenue $13,378

TOTAL REVENUE $316,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,101

Fundraising Expenses $0

Other Expenses $141,268

TOTAL EXPENSES $221,369

Year-over-Year Comparison

	2022	2021	Change
Revenue	$316,169	$192,536	+0.6%
Expenses	$221,369	$200,022	+0.1%
Net Income	$94,800	$-7,486	-13.7%

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
KIM CARSON	BOARD MEMBER	N/A	Director	$0	$0	$0
JANIQUE CRENSHAW	BOARD MEMBER	N/A	Director	$0	$0	$0
BYRON DANIELS	BOARD MEMBER	N/A	Director	$0	$0	$0
CALLIE ELLIOT	TREASURER	N/A	Officer Director	$0	$0	$0
MIRIAM ESTRADA	CHAIR	N/A	Officer Director	$0	$0	$0
MICHELLE GOODRICK	FORMER CHAIR	N/A	Officer Director	$0	$0	$0
LEIGH GRIFFITH	BOARD MEMBER	N/A	Director	$0	$0	$0
KRISTI HART	BOARD MEMBER	N/A	Director	$0	$0	$0
LAURA HENNUM	BOARD MEMBER	N/A	Director	$0	$0	$0
SARAH MATSON	BOARD MEMBER	N/A	Director	$0	$0	$0
PATRICK MCGEE	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHELE MINCINSKI	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
JACKIE ROCKWELL	BOARD MEMBER	N/A	Director	$0	$0	$0
KELLY TYNON	BOARD MEMBER	N/A	Director	$0	$0	$0
KARRIE WUERCH	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRISTY WOOD	EXECUTIVE DI	N/A	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$316,169	$221,369	$331,288	$94,800
2023	$316,169	$221,369	$331,288	$94,800
2022	$192,536	$200,022	$252,281	$-7,486
2022	$192,536	$200,022	$252,281	$-7,486
2021	$174,673	$132,758	$248,237	$41,915
2020	$227,625	$242,176	$207,159	$-14,551
2019	$264,659	$272,899	$220,374	$-8,240
2018	$254,653	$284,357	$239,641	$-29,704