MADISON COUNTY CHAMBER OF COMMERCE

EIN: 314440603

LONDON, OH

Total Revenue
$312,989
Total Expenses
$292,871
Total Assets
$354,752
Net Assets
$352,763
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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
1963
Principal Officer
JON MCKANNA
Phone
7408522250
Tax Period
2024-01-01 to 2024-12-31

MADISON COUNTY CHAMBER OF COMMERCE, founded in 1963, is a small nonprofit that reported $313K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $293K left a modest 6% surplus.

Mission

LOCAL BUSINESS DEVELOPMENT.

Program Service Accomplishments

Program 1

ASSISTED IN ANNUAL FARM SCIENCE REVIEW WHICH PROMOTES THE AREA'S LARGEST INDUSTRY (AGRICULTURE) AND ITS SUPPORTING INDUSTRIES.

Program 2

CONTINUED ECONOMIC DEVELOPMENT AND COUNCILS TO PROMOTE GROWING MANUFACTURING BASE AND SUPPORTING INDUSTRIES IN THE AREA. DISTRIBUTED NEWSLETTERS, PUBLIC UPDATES AND MAINTAINED THE WEBSITE.

Program 3

MAINTAINED BUILDING TO HOUSE CHAMBER'S OPERATIONS AND STAFF AS WELL AS PROVIDING A RESOURCE FOR MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $154,223
Program Service Revenue $89,496
Investment Income $2,182
Other Revenue $67,088
TOTAL REVENUE $312,989

Expense Breakdown

Grants Paid $0
Salaries & Benefits $127,790
Fundraising Expenses $0
Other Expenses $165,081
TOTAL EXPENSES $292,871

Year-over-Year Comparison

2024 2023 Change
Revenue $312,989 $273,815 +0.1%
Expenses $292,871 $261,416 +0.1%
Net Income $20,118 $12,399 +0.6%
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
20
Independent Members
N/A
Employees
3
Volunteers
30

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
5
$64,800
Total Directors
21
$64,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON MCKANNA EXECUTIVE DI 40.00
Officer Director
$62,856 $1,944 $64,800
JODY CARNEY DIRECTOR 0.25
Director
$0 $0 $0
PATRICK CLOSSER DIRECTOR 0.25
Director
$0 $0 $0
JOSH CROSS DIRECTOR 0.25
Director
$0 $0 $0
ANDREW DRAKE DIRECTOR 0.25
Director
$0 $0 $0
LIZ FINCHUM DIRECTOR 0.25
Director
$0 $0 $0
TODD HOADLEY DIRECTOR 0.25
Director
$0 $0 $0
DAVID KELL DIRECTOR 0.25
Director
$0 $0 $0
LIZ LYNCH DIRECTOR 0.25
Director
$0 $0 $0
RAY MARTIN DIRECTOR 0.25
Director
$0 $0 $0
BRIAN MCMAHON SECRETARY/TR 0.25
Officer Director
$0 $0 $0
BOB PATTERSON DIRECTOR 0.25
Director
$0 $0 $0
TAMARA REED DIRECTOR 0.25
Director
$0 $0 $0
AMY REES 1ST VP 0.25
Officer Director
$0 $0 $0
BRYAN ROBINSON DIRECTOR 0.25
Director
$0 $0 $0
LEROI SENGSTOCK DIRECTOR 0.25
Director
$0 $0 $0
CINDY STOUT DIRECTOR 0.25
Director
$0 $0 $0
SUSIE TAYLOR DIRECTOR 0.25
Director
$0 $0 $0
SUSAN THOMPSON PRESIDENT 2.00
Officer Director
$0 $0 $0
SAMANTHA WILKINS DIRECTOR 0.25
Director
$0 $0 $0
ASHLEY WINEBRENNER 2ND VP 0.25
Officer 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
2025 No data No data No data No data
2024 $312,989 $292,871 $354,752 $20,118
2023 $273,815 $261,416 $334,763 $12,399
2022 $249,714 $185,642 $321,961 $64,072
2021 $214,468 $141,845 $256,174 $72,623
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