Southern Kentucky Chamber Of Commerce Inc

EIN: 270825308 Community Improvement

Corbin, KY

Total Revenue
$581,634
Total Expenses
$177,586
Total Assets
$597,517
Net Assets
$577,191
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
KY
Principal Officer
Bruce Carpenter
Phone
6065286390
Tax Period
2025-01-01 to 2025-12-31

Southern Kentucky Chamber Of Commerce Inc, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $582K in total revenue in fiscal year 2025. Revenue surged 392% from the prior year, signaling strong growth momentum. The organization ran a surplus of $404K, a strong 69% operating margin.

Mission

The Southern Kentucky Chamber Of Commerce charges dues to their members in order to provide workshops, luncheon meetings and overall assistance to their members by keeping them informed of current events, law changes that affect their business and providing them with a venue to network with other business professionals.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $501,252
Program Service Revenue $0
Investment Income $12,560
Other Revenue $67,822
TOTAL REVENUE $581,634

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $177,586
Other Expenses $177,586
TOTAL EXPENSES $177,586

Year-over-Year Comparison

2025 2024 Change
Revenue $581,634 $118,301 +3.9%
Expenses $177,586 $92,444 +0.9%
Net Income $404,048 $25,857 +14.6%
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

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Governance

Voting Members
11
Independent Members
11
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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keyla Cobb President 2.00
Officer Director
$0 $0 $0
Tommy Black Vice President 2.00
Officer Director
$0 $0 $0
Jeannie Cummins Secretary 2.00
Officer Director
$0 $0 $0
Aaron Schuhmann Treasurer 2.00
Director
$0 $0 $0
Ryan Lawson Board Member 2.00
Director
$0 $0 $0
Greg Razmus Board Member 2.00
Director
$0 $0 $0
Ken Corso Board Member 2.00
Director
$0 $0 $0
Keith Greene Board Member 2.00
Director
$0 $0 $0
Debbie Hardin Board Member 2.00
Director
$0 $0 $0
Robert Hayes Board Member 2.00
Director
$0 $0 $0
Steve Allen Board Member 2.00
Director
$0 $0 $0
Bruce Carpenter Executive Director 30.00
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
2025 $581,634 $177,586 $597,517 $404,048
2020 $104,125 $93,316 $75,525 $10,809
2019 $112,807 $112,403 $64,716 $404
2018 $111,490 $111,515 $64,312 $-25
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