SHELBY COUNTY CHAMBER OF COMMERCE … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Principal Officer

DR TODD HITCHCOCK

Phone

3173986647

Tax Period

2024-01-01 to 2024-12-31

SHELBY COUNTY CHAMBER OF COMMERCE INC, founded in 1948, is a small nonprofit that reported $293K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

WE ADVOCATE FOR BUSINESS GROWTH AND SUPPORT THE SUCCESS OF OUR MEMBERS WHILE COLLABORATING WITH PARTNERS TO PROMOTE SHELBY COUNTY AS A HIGHLY DESIRABLE COMMUNITY IN WHICH TO LIVE, WORK, AND PLAY.

Program Service Accomplishments

Program 1

Expenses: $106,178

IN 2024, THE SHELBY COUNTY CHAMBER OF COMMERCE CONTINUED ADVANCING ITS MISSION TO ADVOCATE FOR BUSINESS GROWTH,STRENGTHEN MEMBER SUCCESS, AND FOSTER COLLABORATION AMONG COMMUNITY PARTNERS TO PROMOTE SHELBY COUNTY AS A GREAT PLACE TO LIVE,WORK, AND THRIVE.THE CHAMBER HOSTED A VARIETY OF IMPACTFUL PROGRAMS, INCLUDING LUNCH & LEARNS AND STATE OF EVENTS DESIGNED TO ENCOURAGE COLLABORATION AND PROFESSIONAL DEVELOPMENT AMONG LOCAL BUSINESSES.THE LEADERSHIP SHELBY COUNTY PROGRAM REMAINED A CORNERSTONE INITIATIVE, CULTIVATING INFORMED AND ENGAGED LEADERS EQUIPPED WITH THE KNOWLEDGE AND SKILLS TO POSITIVELY IMPACT THE COMMUNITY. THE CHAMBER ALSO HOSTED THE ANNUAL AWARDS GALA,CELEBRATING THE ACHIEVEMENTS OF OUTSTANDING INDIVIDUALS,BUSINESSES,AND ORGANIZATIONS THAT CONTRIBUTE TO THE BETTERMENT OF SHELBY COUNTY.THROUGH LEGISLATIVE UPDATES AND PARTNERSHIPS WITH CIVIC AND ECONOMIC DEVELOPMENT ORGANIZATIONS, THE CHAMBER CONTINUED TO SERVE AS A UNIFYING VOICE FOR THE COUNTY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $139,893

Program Service Revenue $127,115

Investment Income $345

Other Revenue $25,606

TOTAL REVENUE $292,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,748

Fundraising Expenses $156

Program Expenses $106,178

Other Expenses $149,883

TOTAL EXPENSES $314,631

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,959	$210,766	+0.4%
Expenses	$314,631	$339,875	-0.1%
Net Income	$-21,672	$-129,109	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
BRIAN ASHER	BOARD MEMBER AND EX OFFICIO	1.00	Director	$0	$0	$0
DR TODD HITCHCOCK	BOARD MEMBER AND TREASURER	1.00	Officer Director	$0	$0	$0
ERIC GLASCO	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY MARTIN	BOARD MEMBER AND SECRETARY	1.00	Officer Director	$0	$0	$0
BILL POLAND	BOARD MEMBER AND PRESIDENT ELECT	1.00	Director	$0	$0	$0
KELLY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GINA MAX	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSHUA GEORGEN	BOARD MEMBER AND PRESIDENT	1.00	Officer Director	$0	$0	$0
KENT MCNEELY	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE AMOS	BOARD MEMBER AND PAST PRESIDENT	1.00	Director	$0	$0	$0
ANDREA LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY CHAPELLA	EXECUTIVE DIRECTOR	40.00	Key Emp	$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	$292,959	$314,631	$446,868	$-21,672
2023	$210,766	$339,875	$458,344	$-129,109
2022	$267,860	$302,563	$397,177	$-34,703
2021	$301,193	$314,694	$459,214	$-13,501
2021	$301,193	$314,694	$459,214	$-13,501
2020	$341,439	$314,245	$450,008	$27,194
2020	$374,339	$314,245	$450,008	$60,094
2019	$370,237	$344,321	$399,862	$25,916
2018	$358,059	$345,609	$346,920	$12,450

SHELBY COUNTY CHAMBER OF COMMERCE INC