Civic Intelligence

Parma Area Chamber of Commerce

EIN 34-0833554 • 501(c)6 • Parma, OH

Profile

Host luncheons and after hours events to include discussions of business related subjects and to enhance community and general business networking.

5790 Ridge RoadParma, OH 44129

parmaareachamber.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

53rd percentile

0.00x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

55th percentile

0.00x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

71st percentile

11%

Faster asset growth than 71% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

-10%

Faster revenue growth than 35% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$155,665

Up $15,610 (+11%) from 2023

Liabilities

Up

$457

Up $298 (+187%) from 2023

Net Assets

Up

$155,208

Up $15,312 (+11%) from 2023

Operations
Liabilities / Revenue55th percentileNet Margin72nd percentile

Revenue

Down

$116,940

Down $13,307 (-10%) from 2023

Expenses

Up

$101,628

Up $6,743 (+7.1%) from 2023

Net Income

Down

$15,312

Down $20,050 (-57%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth71st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2020: $90,185Liabilities 2020: $21,501Net Assets 2020: $68,6842020Assets 2021: $47,868Liabilities 2021: $5,550Net Assets 2021: $42,3182021Assets 2022: $112,459Liabilities 2022: $7,925Net Assets 2022: $104,5342022Assets 2023: $140,055Liabilities 2023: $159Net Assets 2023: $139,8962023Assets 2024: $155,665Liabilities 2024: $457Net Assets 2024: $155,2082024

Highlighted filing

2024

Assets$155,665
Liabilities$457
Net Assets$155,208
Open 2024 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2020: $76,374Expenses 2020: $95,747Net Income 2020: -$19,3732020Revenue 2021: $91,600Expenses 2021: $118,161Net Income 2021: -$26,5612021Revenue 2022: $144,822Expenses 2022: $82,578Net Income 2022: $62,2442022Revenue 2023: $130,247Expenses 2023: $94,885Net Income 2023: $35,3622023Revenue 2024: $116,940Expenses 2024: $101,628Net Income 2024: $15,3122024

Highlighted filing

2024

Revenue$116,940
Expenses$101,628
Net Income$15,312
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$155,665
Liabilities
$457
Net assets
$155,208
Revenue
$116,940
Expenses
$101,628
Net income
$15,312
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.55$1.17$1.02$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$1.30$0.95$0.35
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.08$1.05$1.45$0.83$0.62
2021Detailed filing. Detailed filing data is available for this year.$0.48$0.06$0.42$0.92$1.18$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.22$0.69$0.76$0.96$0.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$350,376
Mission and Program Overview

Mission

Host luncheons and after hours events to include discussions of business related subjects and to enhance community and general business networking.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$139,896$155,208▲ $15,312
Cash and Non-Interest-Bearing Accounts$140,055$154,915▲ $14,860
Prepaid Expenses and Deferred Charges-$750-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$140,055$155,665▲ $15,610
Liabilities
Accounts Payable and Accrued Expenses$159$300▲ $141
Deferred Revenue-$157-
Total Liabilities$159$457▲ $298
Net Assets / Fund Balance
Total Net Assets Fund Balance$139,896$155,208▲ $15,312
Total Liabilities and Net Assets / Fund Balance$140,055$155,665▲ $15,610
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Chris InmanChairman
Chris InmanExecutive Committee Chair
Igor DjurinVice Chair
Dottie WengerSecretary
Connie BrunoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$36,893
Investment Income
$2,910
Other Revenue
$77,137
Change in Net Assets
$15,312
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$63,818
Other Expenses$37,810
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$58,902
Occupancy---$12,300
Payroll Taxes---$4,916
Office Expenses---$4,020
All Other Expenses---$2,817
Insurance---$2,337
Information Technology---$1,329
Other Expenses---$992
Conferences and Meetings---$698
Travel---$422
Total Functional Expenses$0$0$0$101,628
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$310,573
Fundraising Direct Expenses$233,436
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Rib N Rock$284,482$284,482$215,286$69,196
Total Events$284,482$284,482$215,286$69,196
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$0
Total Nondeductible Lobbying and Political Cost$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted”

Form 990, Part VI, Section C, Line 18

“No review was or will be conducted”

Form 990, Part VI, Section C, Line 19

“No documents are available to the public”

Filing and Contact Details

Filer

Filer Name
Parma Area Chamber of Commerce
EIN
34-0833554
Phone
4408861700
Address
5790 Ridge Road, Parma, OH 44129

Signing Officer

Name
David Nedrich
Title
Senior Advisor
Phone
4408841700
Signed
2025-05-15

Organization Details

Formed
1955
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
4
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“All other overhead expenses”

Raw XML Appendix357 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/TotalLiabilitiesBOYAmt0159
IRS990/TotalLiabilitiesEOYAmt0457
IRS990/TotalLiabilitiesGrp/BOYAmt0159
IRS990/TotalLiabilitiesGrp/EOYAmt0457
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0139896
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0155208
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt036893
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt077137
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt039803
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0116940
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0140055
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0155665
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0422
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05790 RIDGE ROAD
IRS990/USAddress/CityNm0PARMA
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044129
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0parmaareachamber.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0David Nedrich
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Senior Advisor
ReturnHeader/BusinessOfficerGrp/PhoneNum04408841700
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARMA AREA CHAMBER OF COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0PARM
ReturnHeader/Filer/EIN0340833554
ReturnHeader/Filer/PhoneNum04408861700
ReturnHeader/Filer/USAddress/AddressLine1Txt05790 Ridge Road
ReturnHeader/Filer/USAddress/CityNm0Parma
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044129
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-05-15T11:32:14-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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