BEDFORD 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

1988

Legal Domicile

Principal Officer

EUGENE KIM

Phone

8122754493

Tax Period

2025-01-01 to 2025-12-31

BEDFORD CHAMBER OF COMMERCE, founded in 1988, is a small nonprofit that reported $169K in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year. Expenses of $194K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROMOTE TRADE, INDUSTRY, TOURISM AND QUALITY OF LIFE IN BEDFORD-LAWRENCE COUNTY, AND CREATE AN ENVIRONMENT TO ADVANCE BUSINESS AND CIVIC INTERESTS.

Program Service Accomplishments

Program 1

Expenses: $165,252

THE CHAMBER PROMOTES BUSINESSES AND EMPLOYMENT OPPORTUNITIES IN LAWRENCE COUNTY, BEDFORD, INDIANA. THE CHAMBER OFFERS BUSINESS NETWORKING OPPORTUNITIES WITH THE BUSINESS BEFORE AND AFTER HOURS...

THE CHAMBER PROMOTES BUSINESSES AND EMPLOYMENT OPPORTUNITIES IN LAWRENCE COUNTY, BEDFORD, INDIANA. THE CHAMBER OFFERS BUSINESS NETWORKING OPPORTUNITIES WITH THE BUSINESS BEFORE AND AFTER HOURS PROGRAMS, DIRECTORY SALES GUIDE, AND THE "BUY-INDIANA" PROGRAM.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $108,777

Investment Income $1,923

Other Revenue $58,605

TOTAL REVENUE $169,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,415

Fundraising Expenses $18,651

Program Expenses $165,252

Other Expenses $119,972

TOTAL EXPENSES $194,387

Year-over-Year Comparison

	2025	2024	Change
Revenue	$169,305	$178,730	-0.1%
Expenses	$194,387	$187,419	+0.0%
Net Income	$-25,082	$-8,689	+1.9%

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

200

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
KIM BURGESS	BOD	1.00	Director	$0	$0	$0
VICTORIA DINGES	BOD	1.00	Director	$0	$0	$0
ANDY FORTNER	BOD	1.00	Director	$0	$0	$0
ALANA FOSTER	BOD	1.00	Director	$0	$0	$0
BOBBY HUNTER	BOD	1.00	Director	$0	$0	$0
EUGENE KIM	PAST CHAIR	1.00	Officer Director	$0	$0	$0
CHARLIE KING	BOD	1.00	Director	$0	$0	$0
JARAD KING	BOD	1.00	Director	$0	$0	$0
KRISTI KYGER	BOD	1.00	Director	$0	$0	$0
TONY MOTTLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KELLY NICOL	BOD	1.00	Director	$0	$0	$0
ALYSSA PRINCE	CHAIR	1.00	Officer Director	$0	$0	$0
CRAIG TURPEN	TREASURER	1.00	Officer Director	$0	$0	$0
SARAH TURPEN	BOD	1.00	Director	$0	$0	$0
BRANDI WEYER	BOD	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
2025	$169,305	$194,387	$377,789	$-25,082
2024	$178,730	$187,419	$419,425	$-8,689
2023	$167,016	$198,033	$435,342	$-31,017
2022	$228,264	$222,855	$434,376	$5,409
2021	$184,760	$141,096	$444,941	$43,664
2021	$185,631	$160,125	$426,783	$25,506
2020	$143,848	$160,652	$384,244	$-16,804
2019	$171,904	$159,034	$390,609	$12,870
2018	$169,289	$153,094	$372,186	$16,195