BEDFORD COUNTY CHAMBER OF COMMERCE INC (EIN 251536365) - 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

1986

Legal Domicile

Principal Officer

KELLIE S GOODMAN

Phone

8146232233

Tax Period

2024-01-01 to 2024-12-31

BEDFORD COUNTY CHAMBER OF COMMERCE INC, founded in 1986, is a small nonprofit that reported $341K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $384K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE BEDFORD COUNTY CHAMBER OF COMMERCE, INC. INVOKES AND UNIFIES ITS MEMBERS TO PROMOTE CONTINUOUS IMPROVEMENT OF THE BUSINESS CLIMATE IN OUR REGION.

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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 $226,537

Program Service Revenue $0

Investment Income $0

Other Revenue $114,692

TOTAL REVENUE $341,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,541

Fundraising Expenses $37,266

Program Expenses $276,973

Other Expenses $193,652

TOTAL EXPENSES $384,193

Year-over-Year Comparison

	2024	2023	Change
Revenue	$341,229	$537,623	-0.4%
Expenses	$384,193	$378,242	+0.0%
Net Income	$-42,964	$159,381	-1.3%

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

250

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE NICHOLSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW BULLINGTON	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KOREN WOY SMITH	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB OCTAVIO	TREASURER	1.00	Officer Director	$0	$0	$0
PASTOR BRIAN SWAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNETTE GODISSART	IMMEDIATE PAST PRESIDENT	1.00	Director	$0	$0	$0
GREG KNISELY	RUSSEL HOUSE BOARD LEAD	1.00	Officer Director	$0	$0	$0
MATTHEW GODISSART	DIRECTOR	1.00	Director	$0	$0	$0
JILL BRAZILL	DIRECTOR	1.00	Director	$0	$0	$0
KATIE FINK	DIRECTOR	1.00	Director	$0	$0	$0
BERNETA GABLE	DIRECTOR	1.00	Director	$0	$0	$0
JIM GONSMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHERRI GROWDEN	DIRECTOR	1.00	Director	$0	$0	$0
DONNA HIMES	DIRECTOR	1.00	Director	$0	$0	$0
JAKE HOOVER	DIRECTOR	1.00	Director	$0	$0	$0
MANDISA HORN	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH SHANK	DIRECTOR	1.00	Director	$0	$0	$0
TINA RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
DR ALLEN SELL	DIRECTOR	1.00	Director	$0	$0	$0
SHANE WEYANT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN ZIANCE	DIRECTOR	1.00	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	$341,229	$384,193	$747,813	$-42,964
2023	$537,623	$378,242	$796,876	$159,381
2022	$331,546	$368,021	$712,355	$-36,475
2021	$348,601	$319,983	$460,201	$28,618
2020	$258,230	$323,325	$441,321	$-65,095
2019	$295,742	$361,493	$361,640	$-65,751
2018	$286,297	$343,158	$382,332	$-56,861

BEDFORD COUNTY CHAMBER OF COMMERCE INC