BEND 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

1926

Legal Domicile

Principal Officer

KATY BROOKS

Phone

5413823221

Tax Period

2023-01-01 to 2023-12-31

BEND CHAMBER OF COMMERCE, founded in 1926, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

CREATING AN ENVIRONMENT WHERE BUSINESSES, THEIR EMPLOYEES AND OUR COMMUNITY EXCEL TOGETHER THROUGH COLLABORATION, ADVOCACY, RESOURCES AND LEADERSHIP TO MEET BEND'S BUSINESS CHALLENGES.

Program Service Accomplishments

Program 1

UPWARD TRAJECTORY OF CHAMBER MEMBERSHIP FOR THE FIRST TIME SINCE THE PANDEMIC STARTED AND $74,500 ABOVE BUDGETED MEMBERSHIP REVENUE.PARTNERED WITH KOR COMMUNITY LAND TRUST (NOW ROOTED HOMES) ON A...

UPWARD TRAJECTORY OF CHAMBER MEMBERSHIP FOR THE FIRST TIME SINCE THE PANDEMIC STARTED AND $74,500 ABOVE BUDGETED MEMBERSHIP REVENUE.PARTNERED WITH KOR COMMUNITY LAND TRUST (NOW ROOTED HOMES) ON A HOMEOWNERSHIP PILOT OF EIGHT NEW MID-MARKET HOMES (POPLAR DEVELOPMENT) FOR EMPLOYERS TO SUBSIDIZE ENTRY COSTS FOR ELIGIBLE EMPLOYEES VIA A LOTTERY SYSTEM DEVELOPED BY KOR. THE CHAMBER WAS ABLE TO CONTRIBUTE DOWNPAYMENT SUBSIDIES ON FOUR HOMES.HIRED A DIRECTOR OF GOVERNMENT AFFAIRS & STRATEGIC INITIATIVES FOR ADVOCACY EFFORTS.THE CHAMBER HELD 60+ DIVERSE BUSINESS EVENTS, INCLUDING: - ADU RESOURCE FAIR - BIZ & BEVS (6) - BUSINESS EXCELLENCE AWARDS - COMMERCE & COFFEE (6) - HOLIDAY PARTY - IMPACT CONFERENCE - LEGISLATIVE UPDATE WEBINAR - MEMBERSHIP 101 (11) - RIBBON CUTTINGS (20+) - WHAT'S BREWING (8) - WORKFORCE HOUSING COLLABORATIVE WORKSHOPOPERATIONAL IMPROVEMENTS AND ACHIEVEMENTS: - HEALTH CARE PROVIDER SWITCH (FROM PACIFIC SOURCE TO PROVIDENCE) - BROUGHT BOOKKEEPING BACK IN-HOUSE - BANKING CHANGE FROM ONPOINT TO US BANK - MOVED FROM ADP TO A PEO (BBSI) FOR PAYROLL AND HR SUPPORT - MOVED 401K FROM ADP TO MILLIMAN - CONSTRUCTION OF OUR NEW CONFERENCE ROOM COMPLETED - FULL REVISION OF EMPLOYEE HANDBOOK - TRANSITION FROM CHAMBERMASTER TO GROWTHZONE CRM DATABASE

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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 $710,537

Program Service Revenue $552,107

Investment Income $-469

Other Revenue $0

TOTAL REVENUE $1,262,175

Expense Breakdown

Grants Paid $136,073

Salaries & Benefits $725,417

Fundraising Expenses $0

Other Expenses $391,124

TOTAL EXPENSES $1,252,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,262,175	$1,436,626	-0.1%
Expenses	$1,252,614	$1,369,233	-0.1%
Net Income	$9,561	$67,393	-0.9%

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

N/A

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

$176,058

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY LYONS	CHAIR	1.00	Officer Director	$0	$0	$0
KATIE ANDERSON	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
TIA LEWIS	SECRETARY / TREASURER	1.00	Officer Director	$0	$0	$0
REBECCA BERRY	PAST CHAIR	1.00	Officer Director	$0	$0	$0
TRAVIS ULRICH	DIRECTOR	1.00	Director	$0	$0	$0
ALAN DIETRICH	DIRECTOR	1.00	Director	$0	$0	$0
CHERI HELT	DIRECTOR	1.00	Director	$0	$0	$0
JIM SANSBURN	DIRECTOR	1.00	Director	$0	$0	$0
RENEE ALEXANDER	MEMBER AT LARGE	1.00	Director	$0	$0	$0
LAURIE HILL	DIRECTOR	1.00	Director	$0	$0	$0
COBY HORTON	DIRECTOR	1.00	Director	$0	$0	$0
HUNTER NEUBAUER	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN WOOD	DIRECTOR	1.00	Director	$0	$0	$0
KATY BROOKS	CEO	40.00	Officer	$162,082	$13,976	$176,058

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	$1,262,175	$1,252,614	$1,081,130	$9,561
2022	$1,436,626	$1,369,233	$932,875	$67,393
2021	$1,359,486	$1,126,974	$899,255	$232,512
2020	$1,295,926	$1,117,340	$719,381	$178,586
2019	$1,277,762	$1,234,562	$556,660	$43,200
2018	$1,210,932	$1,209,126	$484,971	$1,806