KERN RIVER VALLEY CHAMBER OF COMMERCE (EIN 952884555) - 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

1958

Legal Domicile

Principal Officer

FRED CLARK

Tax Period

2023-01-01 to 2023-12-31

KERN RIVER VALLEY CHAMBER OF COMMERCE, founded in 1958, is a micro nonprofit in the Community Improvement sector that reported $56K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $53K left a modest 5% surplus.

Mission

PROMOTION OF LOCAL BUSINESS AND TOURISM FOR THE BETTERMENT OF THE KERN RIVER VALLEY

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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 $18,729

Investment Income $1,062

Other Revenue $36,594

TOTAL REVENUE $56,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,965

Fundraising Expenses $0

Program Expenses $80,525

Other Expenses $32,518

TOTAL EXPENSES $53,483

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,385	$69,641	-0.2%
Expenses	$53,483	$48,495	+0.1%
Net Income	$2,902	$21,146	-0.9%

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

174

Independent Members

174

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
FREDERICK CLAR	PRESIDENT	25	Officer	$0	$0	$0
KARRIE BUNTING	VICE PRESIDENT	20	Officer	$0	$0	$0
JANET ROBERTS	TREASURER	20	Officer	$0	$0	$0
JEANNIE VERDUG	SECRETARY	20	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
2023	$56,385	$53,483	$270,823	$2,902
2022	$69,641	$48,495	$267,704	$21,146
2021	$109,225	$38,073	$244,532	$71,152
2020	$19,723	$38,485	$170,929	$-18,762
2019	$19,366	$52,560	$190,529	$-33,194
2018	$56,567	$53,047	$224,316	$3,520

KERN RIVER VALLEY CHAMBER OF COMMERCE