Civic Intelligence

Westfield Washington Chamber of Commerce Inc

990EZ • Fiscal year 2018 • EIN 35-1523563

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 31, 2019

116 E Main StWestfield, IN 46074

(317) 804-3030

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.03x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

54th percentile

0.01x

Higher debt load relative to revenue than 54% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

36th percentile

-2.4%

Higher net margin than 36% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

78th percentile

$25,500

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 13.2% of source-year revenue.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

24th percentile

-13%

Faster asset growth than 24% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

55th percentile

2.8%

Faster revenue growth than 55% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$46,747

Down $6,793 (-13%) from 2017

Net Assets

Down

$45,469

Down $4,662 (-9.3%) from 2017

Liabilities

Down

$1,278

Down $2,131 (-63%) from 2017

Revenue

Up

$192,486

Up $5,212 (+2.8%) from 2017

Expenses

Up

$197,150

Up $22,226 (+13%) from 2017

Net Income

Down

-$4,664

Down $17,014 (-138%) from 2017

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

2018

Assets$46,747
Liabilities$1,278
Net Assets$45,469

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

2018

Revenue$192,486
Expenses$197,150
Net Income-$4,664
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 31, 2019
Return Version
2018v3.1
Gross Receipts
$192,486
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
NICHOLAS VERHOFFExecutive DiPT$25,500-$25,500
RICHARD RUSSELLPast Exec DiPT$22,527-$22,527
KAREN KEINSLEYTreasurer-$0--
ROB GARRETTChairman-$0--
KEVIN BUCHHEITVice Chairma-$0--
TERRI FLOODSecretary-$0--
CURT WHITESELLDirector-$0--
ELIZABETH BOUSEDirector-$0--
RYAN BASOREDirector-$0--
STEVE RUPPDirector-$0--
TOM WARNERDirector-$0--
JANELLE CAMPBELLDirector-$0--
SETH WARRENDirector-$0--
ERIC LOHEDirector-$0--
CHRIS WILKESDirector-$0--
SHERRY GRATEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Westfield Washington Chamber
EIN
35-1523563
Phone
3178043030
Address
116 E MAIN ST, WESTFIELD, IN 46074

Signing Officer

Name
Karen Keinsley
Title
Treasurer
Phone
3178043030
Signed
2019-07-31

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

Monthly luncheons cost of goods sold 32,944 golf networking cost of goods sold 22,990 expenses office 13,104 mileage reimbursement 998 staff expenses 371 dues and subscriptions 1,644 insurance 1,597 membership expenses 1,360 activities/westfield work 2,887 bank fees 3,310 utilities 6,185 professional development 885 total 88,275

Form 990-ez, Part II, Line 26

Payroll tax withholdings 3,282 1,278 simple ira withholdings 127 0 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/PrimaryExemptPurposeTxt0TO 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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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/ExplanationTxt0MONTHLY LUNCHEONS COST OF GOODS SOLD 32,944 GOLF NETWORKING COST OF GOODS SOLD 22,990 EXPENSES OFFICE 13,104 MILEAGE REIMBURSEMENT 998 STAFF EXPENSES 371 DUES AND SUBSCRIPTIONS 1,644 INSURANCE 1,597 MEMBERSHIP EXPENSES 1,360 ACTIVITIES/WESTFIELD WORK 2,887 BANK FEES 3,310 UTILITIES 6,185 PROFESSIONAL DEVELOPMENT 885 TOTAL 88,275
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PAYROLL TAX WITHHOLDINGS 3,282 1,278 SIMPLE IRA WITHHOLDINGS 127 0 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
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN KEINSLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03178043030
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WESTFIELD WASHINGTON CHAMBER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF COMMERCE INC
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0351523563
ReturnHeader/Filer/PhoneNum03178043030
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ReturnHeader/FilingSecurityInformation/IPDt02019-07-31
ReturnHeader/FilingSecurityInformation/IPTm010:32:23
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261329302
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0110 N UNION ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0460749459
ReturnHeader/PreparerPersonGrp/PhoneNum03178675427
ReturnHeader/PreparerPersonGrp/PreparationDt02019-07-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN SCHAAF CPA
ReturnHeader/ReturnTs02019-07-31T09:34:02-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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