PUTNAM COUNTY CHAMBER OF COMMERCE

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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

1978

Legal Domicile

Phone

3047576510

Tax Period

2024-01-01 to 2024-12-31

PUTNAM COUNTY CHAMBER OF COMMERCE, founded in 1978, is a small nonprofit that reported $346K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE PUTNAM COUNTY AREA AS WELL AS PROVIDE INFORMATION ON BUSINESSES IN PUTNAM COUNTY TO OTHER BUSINESSES AND TO THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $99,509 Revenue: $122,623

ANNUAL DINNER MEETING AND CELEBRATION WHERE ALL CHAMBER MEMBERS REPRESENTING ESTABLISHMENTS OF ALL SIZES AND KINDS GATHER IN SUPPORT AND GROWTH OF PUTNAM COUNTY BUSINESSES. VARIOUS AWARDS AND MOMENTS OF RECOGNITION ARE GIVEN TO INDIVIDUALS AND BUSINESSES IN THE AREA. THE ANNUAL GOLF FUNDRAISER IS THE MOST POPULAR ANNUAL EVENT FOR THE CHAMBER. ENTRY FEES AND SPONSORSHIPS SUPPORT THE CHAMBERS MISSION. THIS IS ALSO AN EXCELLANT OPPORTUNITY FOR AREA MERCHANTS TO PROMOTE THEIR BUSINESSES BY OFFERING DOOR PRIZES, GIFTS, AND GET NAME RECOGNITION WITH VARIOUS SIGNAGE AND IN THE OFFICIAL TOURNAMENT PROGRAM. HOURLY/DAILY RENTAL AREAS ARE OPEN AS INCUBATOR AREAS FOR MEMBERS TO USE FOR ECONOMIC AND ENTREPRENEURAL DEVELOPMENT PROGRAMS.

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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 $213,586

Program Service Revenue $129,177

Investment Income $60

Other Revenue $3,179

TOTAL REVENUE $346,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,456

Fundraising Expenses $0

Program Expenses $99,509

Other Expenses $186,511

TOTAL EXPENSES $349,967

Year-over-Year Comparison

	2024	2023	Change
Revenue	$346,002	$293,377	+0.2%
Expenses	$349,967	$313,591	+0.1%
Net Income	$-3,965	$-20,214	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY GLANCE	EXECUTIVE DIRECTOR	40.00	Highest	$77,692	$0	$77,692
GREG ATKINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTIN CASTO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE DAUGHTERY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIC EMBREE	BOARD MEMBER	1.00	Director	$0	$0	$0
DINA FOSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CARRIE GRIMM	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEANNA SPENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN HANNAH	PAST CHAIR	1.00	Officer Director	$0	$0	$0
CAITLYN KING	BOARD MEMBER	1.00	Director	$0	$0	$0
CLERENCE LITTON	BOARD MEMBER	1.00	Director	$0	$0	$0
THOR MEEKS	VISIONING CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN MOORE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WENDI ODELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLI STEELE	TREASURER	1.00	Officer Director	$0	$0	$0
ROB SYDENSTRICKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC TARR	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCE TURLEY	BOARD	1.00	Director	$0	$0	$0
CHRIS WALLACE	CHAIR	1.00	Officer Director	$0	$0	$0
JON WEBSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROCKY YOUNG	BOARD MEMBER	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	$346,002	$349,967	$585,744	$-3,965
2023	$293,377	$313,591	$579,262	$-20,214
2023	No data	No data	No data	No data
2023	$266,460	$171,317	$610,304	$95,143
2022	$294,355	$339,017	$604,014	$-44,662
2021	$269,926	$270,207	$664,005	$-281
2020	$232,537	$262,249	$698,242	$-29,712
2019	$319,804	$271,324	$821,546	$48,480
2018	$332,333	$315,397	$640,295	$16,936