Western Association of Chamber Exe… - 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

1949

Legal Domicile

Principal Officer

Glenn Morris

Phone

5599091012

Tax Period

2023-05-01 to 2024-04-30

Western Association of Chamber Executive, founded in 1949, is a small nonprofit that reported $602K in total revenue in fiscal year 2023. Expenses of $728K exceeded revenue, resulting in a 21% operating deficit.

Mission

Promote and enhance the personal and professionl development of chamber executives in 18 western states and BC, Canada. Members receive services and information to assist them in performing as chamber professionals.

Program Service Accomplishments

Program 1

Member services: Membership dues are received from local chamber of commerce executives and staff. Total membership at 4/30/23 stood at 826, WACE serves its members by providing various programs and...

Program 2

Annual conference: Three-day long in-person conference feature speakers and seminar sessions on chamber management topics. The conference includes exhibits from companies that do business with...

Annual conference: Three-day long in-person conference feature speakers and seminar sessions on chamber management topics. The conference includes exhibits from companies that do business with chambers (publications, insurance, membership sales, computers, etc.)

Program 3

WACE Academy: Four-day long professional development program on chamber management essentials geared for chamber executives and professional staff. Provides attendees with additional opportunities to...

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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 $172,970

Program Service Revenue $425,723

Investment Income $2,816

Other Revenue $0

TOTAL REVENUE $601,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,359

Fundraising Expenses $0

Other Expenses $616,973

TOTAL EXPENSES $728,491

Year-over-Year Comparison

	2023	2022	Change
Revenue	$601,509	$603,465	0.0%
Expenses	$728,491	$651,728	+0.1%
Net Income	$-126,982	$-48,263	+1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dave Kilby	Director	0.50	Director	$0	$0	$0
Brittany Quick Warner	Director	0.50	Director	$0	$0	$0
Kami Welch	Chair-elect	0.50	Director	$0	$0	$0
Whitney Diver-McEvoy	Chairperson	0.50	Director	$0	$0	$0
Maria Salinas	Director	0.50	Director	$0	$0	$0
Scott Ashton	Director	0.50	Director	$0	$0	$0
Bridget Dixson	Director	0.50	Director	$0	$0	$0
Michael Neal	Vice Chair	0.50	Director	$0	$0	$0
Patrick Ellis	Director	0.50	Director	$0	$0	$0
Tallia Hart	Director	0.50	Director	$0	$0	$0
Loraine Clarno	Past Chair	0.50	Director	$0	$0	$0
Eli Matthews	Director	0.50	Director	$0	$0	$0
Mary Beth Sewald	Director	0.50	Director	$0	$0	$0
Donnette Carter	Director	0.50	Director	$0	$0	$0
Jim Johnson	Director	0.50	Director	$0	$0	$0
Wendy Laros	Vice Chair	0.50	Director	$0	$0	$0
Zeb Welborn	Vice Chair	0.50	Director	$0	$0	$0
Jill Lagan	Director	0.50	Director	$0	$0	$0
Wendy Laros	Director	0.50	Director	$0	$0	$0
Sherry Taylor	Director	0.50	Director	$0	$0	$0
Angie Anderson	Director	0.50	Director	$0	$0	$0
Sheri Heiney	Director	0.50	Director	$0	$0	$0
Nancy Hoffman Vanyek	Director	0.50	Director	$0	$0	$0
Ann Hutchison	Director	0.50	Director	$0	$0	$0
Candace Carnahan	Director	0.50	Director	$0	$0	$0
Deidre Peterson	Director	0.50	Director	$0	$0	$0
Glenn Morris	President/CEO	40.00		$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	No data	No data	No data	No data
2024	$601,509	$728,491	$321,692	$-126,982
2023	$603,465	$651,728	$448,991	$-48,263
2022	$562,990	$584,578	$498,904	$-21,588
2021	$306,941	$246,474	$523,855	$60,467

Western Association of Chamber Executive