REDMOND CHAMBER OF COMMERCE (EIN 930329561) - 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

Eric Sande

Phone

5419235191

Tax Period

2023-01-01 to 2023-12-31

REDMOND CHAMBER OF COMMERCE, founded in 1954, is a small nonprofit that reported $703K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $108K, a strong 15% operating margin.

Mission

Promotion of local economy.

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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 $372,554

Program Service Revenue $287,658

Investment Income $1,409

Other Revenue $40,974

TOTAL REVENUE $702,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $319,672

Fundraising Expenses $81,876

Other Expenses $274,591

TOTAL EXPENSES $594,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$702,595	$565,452	+0.2%
Expenses	$594,263	$736,874	-0.2%
Net Income	$108,332	$-171,422	-1.6%

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

150

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
Sean Neary	Director	1.00	Director	$0	$0	$0
Brenda Turner	President	1.00	Director	$0	$0	$0
Maureen Dooley	Vice President	1.00	Director	$0	$0	$0
Debbie Butler	Director	1.00	Director	$0	$0	$0
Eric Hardenbrook	Director	1.00	Director	$0	$0	$0
Dawn Marie	Director	1.00	Director	$0	$0	$0
Judy Lapora	Vice President	1.00	Director	$0	$0	$0
Bev Clarno	Director	1.00	Director	$0	$0	$0
Michael Hart	Director	1.00	Director	$0	$0	$0
Susan Baker	Director	1.00	Director	$0	$0	$0
Tobias Colvin	Director	1.00	Director	$0	$0	$0
Jake Waardenburg	President	40.00	Director	$0	$0	$0
Laura Garcia	Director	1.00	Director	$0	$0	$0
Jennifer Werner	Director	1.00	Director	$0	$0	$0
Roxia Thornton-Todoroff	Director	1.00	Director	$0	$0	$0
Ryan Churchill	Vice President	1.00	Director	$0	$0	$0
Jenny Werner	Director	1.00	Director	$0	$0	$0
Eric Sande	Executive Dir.	40.00	Director	$0	$0	$0
Cliffard Evelyn	Director	1.00	Director	$0	$0	$0
Steve Kreps	Director	1.00	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	$702,595	$594,263	$616,804	$108,332
2022	$565,452	$736,874	$524,598	$-171,422
2021	$506,996	$516,364	$664,812	$-9,368
2020	$506,313	$468,395	$666,724	$37,918
2019	$541,478	$546,125	$642,870	$-4,647
2018	$528,197	$463,273	$628,714	$64,924

REDMOND CHAMBER OF COMMERCE