VERNON 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

1950

Legal Domicile

Principal Officer

MARISA OLGUIN

Phone

3235833313

Tax Period

2024-01-01 to 2024-12-31

VERNON CHAMBER OF COMMERCE, founded in 1950, is a small nonprofit in the Community Improvement sector that reported $364K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 15% operating margin.

Mission

The mission of the Chamber is to provide business resources, education and advocacy to the community to strengthen and enhance economic prosperity for its members and the city.

Program Service Accomplishments

Program 1

Expenses: $141,180

STATE OF THE CITY / CITIZEN OF THE YEARTHE CHAMBER HELD ITS CORPORATE CITIZEN OF THE YEAR AWARD TO ACKNOWLEDGE BUSINESSES WHO MAKE A DIFFERENCE IN THE CITY AND COMMUNITY. EVENT HIGHLIGHTS VERNON...

STATE OF THE CITY / CITIZEN OF THE YEARTHE CHAMBER HELD ITS CORPORATE CITIZEN OF THE YEAR AWARD TO ACKNOWLEDGE BUSINESSES WHO MAKE A DIFFERENCE IN THE CITY AND COMMUNITY. EVENT HIGHLIGHTS VERNON BUSINESSES WITH STRONG ECONOMIC GROWTH IN THE CITY, WHO ARE LEADERS IN INDUSTRY, AND MAKE A DIFFERENCE THROUGH PHILANTHROPY.

Program 2

Expenses: $22,942

THE ECONOMIC FORECAST & INDUSTRY UPDATE THIS EVENT RETURNS POST-COVID TO GIVE EMPLOYERS THE STATE OF THE ECONOMY, AN INDUSTRY OUTLOOK ON THE GLOBAL, NATIONAL AND STATE LEVEL. SPEAKERS PRESENT ON THE REAL ESTATE MARKET, INDUSTRY TRENDS, AND LABOR MARKET. THE EVENT IS HELD TO EDUCATE, PRMOTE THE VERNON COMMUNITY, AND FACILITATE NETWORKING.

Program 3

Expenses: $12,354

WORKSHOPS & TRAININGSTHE CHAMBER WENT BACK TO HOLDING IN-PERSON EDUCATIONAL SEMINARS FOR VERNON EMPLOYERS TO EDUCATE AND TRAIN KEY EXECUTIVES IN THE LATEST BESTPRACTICES IN HUMAN RESOURCES, LABOR...

WORKSHOPS & TRAININGSTHE CHAMBER WENT BACK TO HOLDING IN-PERSON EDUCATIONAL SEMINARS FOR VERNON EMPLOYERS TO EDUCATE AND TRAIN KEY EXECUTIVES IN THE LATEST BESTPRACTICES IN HUMAN RESOURCES, LABOR LAW, SAFETY REGULATIONS, AND RISK MANAGEMENT.

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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 $58,447

Program Service Revenue $246,930

Investment Income $114

Other Revenue $58,183

TOTAL REVENUE $363,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,049

Fundraising Expenses $22,716

Program Expenses $176,476

Other Expenses $213,538

TOTAL EXPENSES $307,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$363,674	$232,580	+0.6%
Expenses	$307,587	$249,834	+0.2%
Net Income	$56,087	$-17,254	-4.3%

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

$127,467

Total Directors