Civic Intelligence

Westfield Washington Chamber of Commerce Inc

990EZ • Fiscal year 2017 • EIN 35-1523563

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 26, 2018

PO Box 534Westfield, IN 46074

(317) 804-3030

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.06x

Higher debt load relative to assets than 69% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

61st percentile

0.02x

Higher debt load relative to revenue than 61% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

61st percentile

6.6%

Higher net margin than 61% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

87th percentile

$54,750

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 29.2% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

86th percentile

35%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

52nd percentile

1.4%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$53,540

Up $13,826 (+35%) from 2016

Net Assets

Up

$50,131

Up $12,349 (+33%) from 2016

Liabilities

Up

$3,409

Up $1,477 (+76%) from 2016

Revenue

Up

$187,274

Up $2,648 (+1.4%) from 2016

Expenses

Up

$174,924

Up $6,724 (+4.0%) from 2016

Net Income

Down

$12,350

Down $4,076 (-25%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0Assets 2014: $15,966Liabilities 2014: $4,917Net Assets 2014: $11,0492014Assets 2015: $29,565Liabilities 2015: $8,209Net Assets 2015: $21,3562015Assets 2016: $39,714Liabilities 2016: $1,932Net Assets 2016: $37,7822016Assets 2017: $53,540Liabilities 2017: $3,409Net Assets 2017: $50,1312017Assets 2018: $46,747Liabilities 2018: $1,278Net Assets 2018: $45,4692018Assets 2019: $70,557Liabilities 2019: $219Net Assets 2019: $70,3382019Assets 2020: $63,842Liabilities 2020: $255Net Assets 2020: $63,5872020Assets 2021: $61,454Liabilities 2021: $632Net Assets 2021: $60,8222021Assets 2022: $44,877Liabilities 2022: $585Net Assets 2022: $44,2922022Assets 2023: $60,596Liabilities 2023: $223Net Assets 2023: $60,3732023Assets 2024: $85,905Liabilities 2024: $0Net Assets 2024: $85,9052024

Highlighted filing

2017

Assets$53,540
Liabilities$3,409
Net Assets$50,131

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2014: $171,182Expenses 2014: $152,675Net Income 2014: $18,5072014Revenue 2015: $180,883Expenses 2015: $170,576Net Income 2015: $10,3072015Revenue 2016: $184,626Expenses 2016: $168,200Net Income 2016: $16,4262016Revenue 2017: $187,274Expenses 2017: $174,924Net Income 2017: $12,3502017Revenue 2018: $192,486Expenses 2018: $197,150Net Income 2018: -$4,6642018Revenue 2019: $189,283Expenses 2019: $164,417Net Income 2019: $24,8662019Revenue 2020: $172,341Expenses 2020: $179,092Net Income 2020: -$6,7512020Revenue 2021: $192,529Expenses 2021: $195,295Net Income 2021: -$2,7662021Revenue 2022: $391,824Expenses 2022: $408,452Net Income 2022: -$16,6282022Revenue 2023: $431,483Expenses 2023: $415,402Net Income 2023: $16,0812023Revenue 2024: $434,793Expenses 2024: $409,261Net Income 2024: $25,5322024

Highlighted filing

2017

Revenue$187,274
Expenses$174,924
Net Income$12,350
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 26, 2018
Return Version
2017v2.3
Gross Receipts
$187,274
Mission and Program Overview

Mission

To promote the economic potential of the westfield community and to be active in all aspects of community life. The chamber strives to enhance the educational, recreational, spiritual, and cultural development of the community through the participation of its business and professional members. This mission is based on the desire to maintain a favorable business climate and positive quality of life.

Program Services

DescriptionGrantsExpenses
PROVIDE OPPORTUNITIES FOR MEMBERS TO LEARN ABOUT CURRENT EVENTS IN THEIR COMMUNITY IN ORDER TO BUILD A HEALTH LOCAL ECONOMY THROUGH LEGISLATIVE BREAKFASTS AND ECONOMIC DEVELOPMENT MEETINGS.--
PROVIDE OPPORTUNITIES FOR MEMBERS TO NETWORK WITH EACH OTHER IN ORDER TO BUILD A HEALTH LOCAL ECONOMY THROUGH MEMBERSHIP LUNCHEONS AND YOUNG PROFESSIONALS MEETINGS.--
PROVIDE OPPORTUNITIES FOR LOCAL COMMUNITY MEMBERS TO ENGAGE IN THEIR COMMUNITY BY PRODUCING AND DISTRIBUTING LITERATURE AND BY MAINTAINING AN INFORMATIVE WEB-PRESENCE.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICHARD RUSSELLPast Exec DiPT$54,750-$54,750
ROB GARRETTChairman-$0--
KEVIN BUCHHEITVice Chairma-$0--
TERRI FLOODSecretary-$0--
KAREN KEINSLEYTreasurer-$0--
CHRIS WILKESDirector-$0--
CURT WHITESELLDirector-$0--
JOE VAN DEUSENDirector-$0--
ELIZABETH BOUSEDirector-$0--
RYAN BASOREDirector-$0--
STEVE RUPPDirector-$0--
TOM WARNERDirector-$0--
JANELLE CAMPBELLDirector-$0--
SETH WARRENDirector-$0--
ERIC LOHEDirector-$0--
SHERRY GRATEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Westfield Washington Chamber
EIN
35-1523563
Phone
3178043030
Address
PO BOX 534, WESTFIELD, IN 46074

Signing Officer

Name
Karen Keinsley
Title
Treasurer
Phone
3178043030
Signed
2018-06-26

Preparer

Firm
Schaaf CPA Group LLC
Address
110 N UNION ST, WESTFIELD, IN 46074-9459
Preparer
John Schaaf CPA
Phone
3178675427
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office 4,407 mileage reimbursement 1,356 staff expenses 362 dues and subscriptions 682 supplies 1,022 information technology 2,503 technology 3,404 insurance 1,581 membership expenses 1,476 activities/westfield work 2,842 bank fees 2,729 golf outing expenses 21,145 monthly luncheon expenses 24,827 lantern awards expenses 7,011 utilities 1,035 professional development 579 total 76,961

Form 990-ez, Part II, Line 26

Payroll tax withholdings 1,778 3,282 simple ira withholdings 154 127 pass through 0 0

Form 990-ez, Part III

To promote the economic potential of the westfield community and to be active in all aspects of community life. The chamber strives to enhance the educational, recreational, spiritual, and cultural development of the community through the participation of its business and professional members. This mission is based on the desire to maintain a favorable business climate and positive quality of life.

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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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROVIDE OPPORTUNITIES FOR MEMBERS TO NETWORK WITH EACH OTHER IN ORDER TO BUILD A HEALTH LOCAL ECONOMY THROUGH MEMBERSHIP LUNCHEONS AND YOUNG PROFESSIONALS MEETINGS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2PROVIDE OPPORTUNITIES FOR LOCAL COMMUNITY MEMBERS TO ENGAGE IN THEIR COMMUNITY BY PRODUCING AND DISTRIBUTING LITERATURE AND BY MAINTAINING AN INFORMATIVE WEB-PRESENCE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OFFICE 4,407 MILEAGE REIMBURSEMENT 1,356 STAFF EXPENSES 362 DUES AND SUBSCRIPTIONS 682 SUPPLIES 1,022 INFORMATION TECHNOLOGY 2,503 TECHNOLOGY 3,404 INSURANCE 1,581 MEMBERSHIP EXPENSES 1,476 ACTIVITIES/WESTFIELD WORK 2,842 BANK FEES 2,729 GOLF OUTING EXPENSES 21,145 MONTHLY LUNCHEON EXPENSES 24,827 LANTERN AWARDS EXPENSES 7,011 UTILITIES 1,035 PROFESSIONAL DEVELOPMENT 579 TOTAL 76,961
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PAYROLL TAX WITHHOLDINGS 1,778 3,282 SIMPLE IRA WITHHOLDINGS 154 127 PASS THROUGH 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO PROMOTE THE ECONOMIC POTENTIAL OF THE WESTFIELD COMMUNITY AND TO BE ACTIVE IN ALL ASPECTS OF COMMUNITY LIFE. THE CHAMBER STRIVES TO ENHANCE THE EDUCATIONAL, RECREATIONAL, SPIRITUAL, AND CULTURAL DEVELOPMENT OF THE COMMUNITY THROUGH THE PARTICIPATION OF ITS BUSINESS AND PROFESSIONAL MEMBERS. THIS MISSION IS BASED ON THE DESIRE TO MAINTAIN A FAVORABLE BUSINESS CLIMATE AND POSITIVE QUALITY OF LIFE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
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ReturnHeader/PreparerPersonGrp/PhoneNum03178675427
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN SCHAAF CPA
ReturnHeader/ReturnTs02018-09-06T12:53:59-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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Filings