SMITH COUNTY CHAMBER OF COMMERCE INC (EIN 237432184) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

PATRICK R GEHO

Phone

6157352093

Tax Period

2024-01-01 to 2024-12-31

SMITH COUNTY CHAMBER OF COMMERCE INC, founded in 1974, is a small nonprofit that reported $191K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $183K left a modest 4% surplus.

Mission

TO PROMOTE COMMERCE AND INDUSTRY IN SMITH COUNTY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $152,153

Program Service Revenue $18,597

Investment Income $9,531

Other Revenue $10,830

TOTAL REVENUE $191,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,265

Fundraising Expenses $0

Other Expenses $64,600

TOTAL EXPENSES $182,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$191,111	$124,539	+0.5%
Expenses	$182,550	$131,026	+0.4%
Net Income	$8,561	$-6,487	-2.3%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$70,015

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN SPARKS	BOARD MEMBER	1.00	Director	$0	$0	$0
VIRGINIA ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY HASSLER	BOARD MEMBER	1.00	Director	$0	$0	$0
PEYTON BROYLES	BOARD MEMBER	1.00	Director	$0	$0	$0
JARED GOAD	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDON HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN LISH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN POTTS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE BABCOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF MASON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEY NIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE GIVENS	PRESIDENT	1.00	Officer	$0	$0	$0
COLBY MCKINNEY	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
DIANNE SKELTON	TREASURER	1.00	Officer	$0	$0	$0
PATRICK GEHO	EXECUTIVE VICE-PRESIDENT	20.00	Officer	$18,650	$1,865	$20,515
BILLY M WOODARD	EXECUTIVE DIRECTOR	40.00	Officer	$45,000	$4,500	$49,500

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	$191,111	$182,550	$128,605	$8,561
2023	$124,539	$131,026	$74,629	$-6,487
2022	$124,815	$146,444	$81,095	$-21,629
2021	$171,321	$135,635	$102,896	$35,686
2020	$146,523	$148,026	$66,479	$-1,503
2019	$137,917	$142,581	$57,868	$-4,664
2018	$114,171	$142,387	$62,290	$-28,216

SMITH COUNTY CHAMBER OF COMMERCE INC