SPRINGFIELD AREA CHAMBER OF COMMER… - Form 990 Financial Data

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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

1949

Legal Domicile

Principal Officer

VONNIE MIKKELSEN

Phone

5417461651

Tax Period

2024-01-01 to 2024-12-31

SPRINGFIELD AREA CHAMBER OF COMMERCE, founded in 1949, is a small nonprofit in the Community Improvement sector that reported $921K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $891K left a modest 3% surplus.

Mission

OUR MISSION IS TO FOSTER A PROSPEROUS COMMUNITY BY STRENGTHENING, REPRESENTING, AND PROMOTING BUSINESS WHILE ADHERING TO OUR VALUES - MODEL EXCELLENCE, EMBODY INNOVATION, PRACTICE STEWARDSHIP, DEMONSTRATE INTEGRITY, AND DELIVER A WELCOMING EXPERIENCE.

Program Service Accomplishments

Program 1

ORGANIZE EDUCATIONAL PROGRAMS, SPECIAL EVENTS, AND OPTIMAL NETWORKING EXPERIENCES THAT SUPPORT OUR MEMBERS, ATTRACT NEW BUSINESS, CONNECT OUR COMMUNITY, AND EMPOWER FUTURE LEADERS.

Program 2

CHAMPION INITIATIVES THAT STIMULATE BUSINESS ENDEAVORS, ENHANCE THE REGIONAL ENTREPRENEURIAL ECO-SYSTEM, AND REVIVE COMMUNITY PLACE ASSETS.

Program 3

PROMOTE OUR REGION AND PUBLISH CREDIBLE NEWS AND INFORMATION ON BUSINESS, ECONOMY, AND COMMUNITY THROUGH MULTIPLE COMMUNICATION PLATFORMS.

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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 $419,337

Program Service Revenue $430,388

Investment Income $15,600

Other Revenue $55,501

TOTAL REVENUE $920,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $626,356

Fundraising Expenses $0

Other Expenses $264,408

TOTAL EXPENSES $890,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$920,826	$833,510	+0.1%
Expenses	$890,764	$799,367	+0.1%
Net Income	$30,062	$34,143	-0.1%

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

Employees

Volunteers

125

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

$141,161

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AVRIL WATT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DEBORAH K CREAGER	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
STACY KOOS	TREASURER	1.00	Officer Director	$0	$0	$0
KENNY WEIGANDT	SECRETARY, EX-OFFICIO	1.00	Officer Director	$0	$0	$0
AMBER KELEL	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
CHARLES LABORN	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
NICK NELSON	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
PABLO VALENTINE	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
BETH HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
CORY BURKET	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY GRIESEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
KARI WESTLUND	DIRECTOR	1.00	Director	$0	$0	$0
KEN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY RUSCHER MD	DIRECTOR	1.00	Director	$0	$0	$0
MATT ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
DR SHELLEY TINKHAM	DIRECTOR	1.00	Director	$0	$0	$0
TAB DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
ALLIE CAMP	EX-OFFICIO	1.00	Director	$0	$0	$0
JEFF NELSON	EX-OFFICIO	1.00	Director	$0	$0	$0
VONNIE MIKKELSON	PRESIDENT/CEO	40.00	Director	$126,253	$14,908	$141,161

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	$920,826	$890,764	$758,730	$30,062
2023	$833,510	$799,367	$728,668	$34,143
2022	$761,415	$715,793	$694,525	$45,622
2021	$819,154	$648,365	$648,903	$170,789
2020	$711,670	$612,476	$478,114	$99,194

SPRINGFIELD AREA CHAMBER OF COMMERCE