Westwood 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

1961

Legal Domicile

Principal Officer

Jodi Gunn

Tax Period

2022-01-01 to 2022-12-31

Westwood Area Chamber of Commerce, founded in 1961, is a small nonprofit in the Community Improvement sector that reported $299K in total revenue in fiscal year 2022. The organization ran a surplus of $245K, a strong 82% operating margin.

Mission

To Promote businesses in the Westwood Area. The Westwood Area Chamber of Commerce exists to promote the areas business community. The chamber provides a wide range of services and events.All members are listed in the chambers website and we provide a monthly membership.

Program Service Accomplishments

Program 1

Expenses: $54,427 Revenue: $298,971

The Westwood Area Chamber of Commerce exists to promote the areas business community. The chamber provides a wide range of services and events. All members are listed in the chambers website and we provide a monthly membership showcase on both our website WestwoodAreaChamber.com and Facebook site, including a link to your website address.

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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 (2022)

Revenue Breakdown

Contributions & Grants $283,461

Program Service Revenue $0

Investment Income $127

Other Revenue $15,383

TOTAL REVENUE $298,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,225

Fundraising Expenses $0

Program Expenses $54,427

Other Expenses $46,202

TOTAL EXPENSES $54,427

Year-over-Year Comparison

	2022	2021	Change
Revenue	$298,971	N/A	N/A
Expenses	$54,427	N/A	N/A
Net Income	$244,544	N/A	N/A

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	Role	Reportable Comp	Other Comp	Total
Debbie Jenning	Member at Large	Director	$0	$0	$0
Melissa Rickert	Member at Large	Director	$0	$0	$0
Neil Young	Member at Large	Director	$0	$0	$0
Terry Johnson	Member at Large	Director	$0	$0	$0
Deb Wilson	Treasurer	Officer Director	$0	$0	$0
Melissa Wynn	President	Officer Director	$0	$0	$0
Jacquline Cordova	Secretary	Officer Director	$0	$0	$0
Gail Brown	Board Secretary	Officer	$0	$0	$0
Jodi Gunn	Vice President	Officer	$0	$0	$0
Lana Beal	Member at Large	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
2022	$298,971	$54,427	$260,085	$244,544