CHATHAM BUSINESS ASSOCIATION INC

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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

1972

Legal Domicile

Principal Officer

ASANTE BOONE

Tax Period

2023-01-01 to 2023-12-31

CHATHAM BUSINESS ASSOCIATION INC, founded in 1972, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 325% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 83% operating margin.

Mission

TO EDUCATE BUSINESSES AND STUDENTS IN THE SURROUNDING AREA

Program Service Accomplishments

Program 1

Expenses: $255,320

TRAINING PROGRAMS WERE IMPLEMENTED TO JUNIORS AND BUSINESSES IN THE CHATHAM AREA THAT HAS REACHED AT LEAST 25 INDIVIDUALS

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,541,009

Program Service Revenue $1,950

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,542,959

Expense Breakdown

Grants Paid $225,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $255,320

Other Expenses $42,485

TOTAL EXPENSES $267,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,542,959	$362,844	+3.3%
Expenses	$267,485	$179,672	+0.5%
Net Income	$1,275,474	$183,172	+6.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONICA LINARES	TREASURER	0.00	Director	$0	$0	$0
ANANIAS GRANGER JR	BOARD MEMBER	0.00	Director	$0	$0	$0
LATONZIA SANDERS	BOARD MEMBER	0.00	Director	$0	$0	$0
YAFAWN SMITH	BOARD MEMBER	0.00	Director	$0	$0	$0
KARL RILEY	BOARD MEMBER	0.00	Director	$0	$0	$0
CHARLES JOHNSON	BOARD MEMBER	0.00	Director	$0	$0	$0
JENNIFER ADKINS	INTERIM EXECUTIVE DIRECTOR	10.00	Director Highest	$0	$0	$0
MELINDA KELLY	CHAIRMAN PRESIDENT	0.00	Officer Director	$0	$0	$0
GWEN SHAW	SECRETARY	0.00	Officer Director	$0	$0	$0
ASANTE BOONE	VICE CHAIRMAN	0.00	Officer	$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	No data	No data	No data	No data
2023	$1,542,959	$267,485	$1,448,121	$1,275,474
2022	$286,920	$179,713	$172,646	$107,207
2022	$362,844	$179,672	$174,103	$183,172
2021	$205,498	$207,888	$66,855	$-2,390
2020	$290,815	$226,092	$176,570	$64,723
2019	$71,417	$29,585	$286,815	$41,832
2018	$248,637	$414,305	$249,753	$-165,668