Sherwood Area 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

1985

Legal Domicile

Phone

5036257800

Tax Period

2024-01-01 to 2024-12-31

Sherwood Area Chamber of Commerce, founded in 1985, is a small nonprofit in the Community Improvement sector that reported $132K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $114K left a modest 14% surplus.

Mission

Support businesses & build community

Program Service Accomplishments

Program 1

Expenses: $93,611

The organization serves the local Sherwood area by bringing businesses and the community together. This enables small local businesses to receive awareness and promote existing businesses.

Program 2

Expenses: $2,500

Provided scholarships to students and others to aid local businesses.

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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 $107,793

Program Service Revenue $49

Investment Income $918

Other Revenue $23,721

TOTAL REVENUE $132,481

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $59,019

Fundraising Expenses $0

Program Expenses $96,111

Other Expenses $52,075

TOTAL EXPENSES $113,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$132,481	$170,404	-0.2%
Expenses	$113,594	$158,141	-0.3%
Net Income	$18,887	$12,263	+0.5%

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
Marc Farrar	Treasurer	1.00	Officer Director	$0	$0	$0
Nina Carlson	Board Member	1.00	Director	$0	$0	$0
Christoffer McCollom	President	1.00	Officer Director	$0	$0	$0
Christopher McLaughlin	Board Member	1.00	Director	$0	$0	$0
Sarah Bulfinch	Board Member	1.00	Director	$0	$0	$0
Larry Morris	Board Member	1.00	Director	$0	$0	$0
Martin Rakers	Board Member	1.00	Director	$0	$0	$0
Rachael King	Board Member	1.00	Director	$0	$0	$0
Steven Quick	Board Member	1.00	Director	$0	$0	$0
Kyle Green	Board Member	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	$132,481	$113,594	$73,462	$18,887