Civic Intelligence

Westfield Washington Chamber of Commerce Inc

990EZ • Fiscal year 2019 • EIN 35-1523563

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 22, 2020

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

50th percentile

0.00x

Higher debt load relative to assets than 50% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

49th percentile

0.00x

Higher debt load relative to revenue than 49% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

74th percentile

13%

Higher net margin than 74% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

86th percentile

$51,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 26.9% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

91st percentile

51%

Faster asset growth than 91% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

44th percentile

-1.7%

Faster revenue growth than 44% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$70,557

Up $23,810 (+51%) from 2018

Net Assets

Up

$70,338

Up $24,869 (+55%) from 2018

Liabilities

Down

$219

Down $1,059 (-83%) from 2018

Revenue

Down

$189,283

Down $3,203 (-1.7%) from 2018

Expenses

Down

$164,417

Down $32,733 (-17%) from 2018

Net Income

Up

$24,866

Up $29,530 (+633%) from 2018

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

2019

Assets$70,557
Liabilities$219
Net Assets$70,338

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

2019

Revenue$189,283
Expenses$164,417
Net Income$24,866
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 22, 2020
Return Version
2019v5.0
Gross Receipts
$189,283
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$51,000-$51,000
KAREN KEINSLEYChairperson-$0--
ERIC LOHEDirector-$0--
KEVIN BUCHHEITVice Chairma-$0--
TERRI FLOODSecretary-$0--
CHRIS BALDWINDirector-$0--
JIMMY COXDirector-$0--
RYAN BASOREDirector-$0--
STEVE RUPPDirector-$0--
TOM WARNERDirector-$0--
JANELLE CAMPBELLDirector-$0--
TIM GERRITYDirector-$0--
SETH WARRENDirector-$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
Chairperson
Phone
3178043030
Signed
2020-09-22

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

Golf networking cost of goods sold 24,636 expenses office 12,777 mileage reimbursement 689 staff expenses 54 dues and subscriptions 1,112 insurance 1,540 bank fees 3,952 utilities 6,737 professional development 209 total 51,706

Form 990-ez, Part II, Line 26

Payroll tax withholdings 1,278 0 simple ira withholdings 0 219 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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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/ExplanationTxt0GOLF NETWORKING COST OF GOODS SOLD 24,636 EXPENSES OFFICE 12,777 MILEAGE REIMBURSEMENT 689 STAFF EXPENSES 54 DUES AND SUBSCRIPTIONS 1,112 INSURANCE 1,540 BANK FEES 3,952 UTILITIES 6,737 PROFESSIONAL DEVELOPMENT 209 TOTAL 51,706
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PAYROLL TAX WITHHOLDINGS 1,278 0 SIMPLE IRA WITHHOLDINGS 0 219 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/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN KEINSLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum03178043030
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-22
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/IPDt02020-11-02
ReturnHeader/FilingSecurityInformation/IPTm011:54:58
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/PreparationDt02020-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN SCHAAF CPA
ReturnHeader/ReturnTs02020-11-12T11:46:00-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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Filings