Greater Redding Area Chamber of Commerce (EIN 940796320) - 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

1911

Legal Domicile

Phone

5302254433

Tax Period

2023-01-01 to 2023-12-31

Greater Redding Area Chamber of Commerce, founded in 1911, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE GREATER REDDING CHAMBER OF COMMERCE IS AN ASSOCIATION OF BUSINESSES ORGANIZED TO IMPROVE THE BUSINESS CLIMATE AND CONTRIBUTE TO THE ECONOMIC HEALTH OF ITS MEMBERSHIP AND THE GREATER REDDING AREA.

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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 $0

Program Service Revenue $1,583,091

Investment Income $2,380

Other Revenue $0

TOTAL REVENUE $1,585,471

Expense Breakdown

Grants Paid $10,832

Salaries & Benefits $575,007

Fundraising Expenses $0

Other Expenses $1,168,825

TOTAL EXPENSES $1,754,664

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,585,471	$1,729,117	-0.1%
Expenses	$1,754,664	$1,719,260	+0.0%
Net Income	$-169,193	$9,857	-18.2%

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

$132,215

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jake Mangas	President & CEO	40.00	Officer	$128,558	$3,657	$132,215
angella cordell	Director	0.50	Director	$0	$0	$0
Amanda Hutchings	Director	0.50	Director	$0	$0	$0
lindsay myers	Director	0.50	Director	$0	$0	$0
Robert Lowes	Director	0.50	Director	$0	$0	$0
Christy davis	past chair	0.50	Director	$0	$0	$0
Zach Bay	Director	0.50	Director	$0	$0	$0
Julie Dyar	Director	0.50	Director	$0	$0	$0
tracy edwards	Director	0.50	Director	$0	$0	$0
Michele Goedert	Director	0.50	Director	$0	$0	$0
michelle nystrom	Director	0.50	Director	$0	$0	$0
Ryan Haedrich	Director	0.50	Director	$0	$0	$0
Todd Davis	Board Chair	0.50	Director	$0	$0	$0
wendy zanotelli	Director	0.50	Director	$0	$0	$0
Dave Silva	Director	0.50	Director	$0	$0	$0
Kevin Corey	Director	0.50	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	$1,585,471	$1,754,664	$439,090	$-169,193
2022	$1,729,117	$1,719,260	$689,529	$9,857
2021	$1,230,340	$990,256	$713,186	$240,084
2020	$686,725	$528,443	$535,107	$158,282
2019	$619,387	$596,355	$197,772	$23,032
2018	$555,641	$561,552	$193,050	$-5,911

Greater Redding Area Chamber of Commerce