FORT PAYNE CHAMBER OF COMMERCE

EIN: 237410055

FORT PAYNE, AL

Total Revenue
$195,797
Total Expenses
$177,804
Total Assets
$637,949
Net Assets
$637,949
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
AL
Principal Officer
JESSICA TOWNSEL
Phone
2568452741
Tax Period
2024-01-01 to 2024-12-31

FORT PAYNE CHAMBER OF COMMERCE, founded in 1947, is a small nonprofit that reported $139K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year. Expenses of $119K left a modest 14% surplus.

Mission

TO ASSIST AND PROMOTE BUSINESSES IN THE CITY OF FORT PAYNE, ALABAMA

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $133,550
Program Service Revenue $0
Investment Income $14,796
Other Revenue $47,451
TOTAL REVENUE $195,797

Expense Breakdown

Grants Paid $0
Salaries & Benefits $89,897
Fundraising Expenses $0
Program Expenses $172,283
Other Expenses $87,907
TOTAL EXPENSES $177,804

Year-over-Year Comparison

2024 2023 Change
Revenue $195,797 $210,584 -0.1%
Expenses $177,804 $198,854 -0.1%
Net Income $17,993 $11,730 +0.5%
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

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Governance

Voting Members
16
Independent Members
16
Employees
3
Volunteers
N/A

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
5
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABERNATHY TAMMY PRESIDENT N/A
Officer Director
$0 $0 $0
REED MARY VICE PRESIDE N/A
Officer Director
$0 $0 $0
INGLE JERRAL PRESIDENT EL N/A
Director
$0 $0 $0
SHIREY MIKE PAST PRESIDE N/A
Director
$0 $0 $0
EBERHART STEVE TREASURER N/A
Officer Director
$0 $0 $0
UGWU ALBERT DIRECTOR N/A
Director
$0 $0 $0
WRIGHT ANNETTE DIRECTOR N/A
Director
$0 $0 $0
RAMIREZ LUIS DIRECTOR N/A
Director
$0 $0 $0
LEGRANDE LOGAN DIRECTOR N/A
Director
$0 $0 $0
WHITE AMY DIRECTOR N/A
Director
$0 $0 $0
GRIMES DANA DIRECTOR N/A
Director
$0 $0 $0
FREEMAN DREW DIRECTOR N/A
Director
$0 $0 $0
WORTHEY KAYLA DIRECTOR N/A
Director
$0 $0 $0
KILGO ALAN EX-OFFICIO N/A
Director
$0 $0 $0
BELVILLE LINDA EX-OFFICIO N/A
Director
$0 $0 $0
BATEMAN BOWEN VICKIE HONARARY BOA N/A
Director
$0 $0 $0
JENNIFER MCCURDY FORMER EXEC 40.00
Officer
$0 $0 $0
JESSICA TOWNSEL EXECUTIVE DI 40.00
Officer Director
$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
2024 $195,797 $177,804 $637,949 $17,993
2023 $210,584 $198,854 $619,956 $11,730
2022 $170,944 $172,497 $608,221 $-1,553
2021 $176,265 $131,021 $609,774 $45,244
2020 $175,477 $132,592 $564,530 $42,885
2019 $171,320 $137,948 $521,645 $33,372
2018 $138,700 $118,854 $488,273 $19,846
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