FOREST GROVECORNELIUS CHAMBER OF C… - 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

1955

Legal Domicile

Principal Officer

MICHAEL COOK

Phone

5033573006

Tax Period

2024-07-01 to 2025-06-30

FOREST GROVECORNELIUS CHAMBER OF COMMERCE, founded in 1955, is a small nonprofit in the Community Improvement sector that reported $399K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 29% operating margin.

Mission

TO PROMOTE BUSINESS DEVELOPMENT IN FOREST GROVE AND CORNELIUS, OR

Program Service Accomplishments

Program 1

GENERAL OPERATION OF THE CHAMBER OF COMMERCE PROMOTING BUSINESS IN THE FOREST GROVE AND CORNELIUS AREA.

Program 2

TO SUPPORT THE LOCAL BUSINESSES & ACTIVITIES

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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 $197,780

Program Service Revenue $201,246

Investment Income $-45

Other Revenue $33

TOTAL REVENUE $399,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,192

Fundraising Expenses $0

Other Expenses $123,281

TOTAL EXPENSES $284,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$399,014	$285,768	+0.4%
Expenses	$284,473	$278,076	+0.0%
Net Income	$114,541	$7,692	+13.9%

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

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAUDIA YAKOS	EXECUTIVE DI	40.00	Officer	$75,000	$0	$75,000
MARIA CABALLERO-RUBIO	BOARD DIRECT	N/A	Director	$0	$0	$0
MICHAEL COOK	EXECUTIVE BO	N/A	Director	$0	$0	$0
JENNIFER COYLE	BOARD DIRECT	N/A	Director	$0	$0	$0
ROBERT GROVES	BOARD DIRECT	N/A	Director	$0	$0	$0
LOURDES HERENCIA	BOARD DIRECT	N/A	Director	$0	$0	$0
WILLOW OELKE	EXECUTIVE BO	N/A	Director	$0	$0	$0
EVELYN ORR	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
RUTH TARR	BOARD DIRECT	N/A	Director	$0	$0	$0
PARRI VANDYKE	SECRETARY	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	$399,014	$284,473	$170,963	$114,541
2024	$285,768	$278,076	$60,567	$7,692
2023	$212,490	$210,094	$65,298	$2,396
2022	$171,845	$191,052	$61,471	$-19,207
2021	$231,977	$208,741	$88,007	$23,236
2020	$117,363	$100,556	$62,771	$16,807

FOREST GROVECORNELIUS CHAMBER OF COMMERCE