KNOXVILLE CHAMBER OF COMMERCE INC

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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

1955

Legal Domicile

Principal Officer

JIM BAKER

Phone

6418287555

Tax Period

2025-01-01 to 2025-12-31

KNOXVILLE CHAMBER OF COMMERCE INC, founded in 1955, is a micro nonprofit that reported $79K in total revenue in fiscal year 2025. Expenses of $99K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROMOTE THE COMMUNITY OF KNOXVILLE, IOWA AND ITS AREA BUSINESSES

Program Service Accomplishments

Program 1

Expenses: $50,138

PROMOTIONAL ACTIVITIES-ORGANIZES VARIOUS EVENTS IN KNOXVILLE AREA TO ATTRACT SHOPPERS AND NEW BUSINESS TO COMMUNITY; ASSIST LOCAL MERCHANTS TO IMPROVE VISIBILITY OF THEIR BUSINESSES;

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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 $29,715

Program Service Revenue $47,623

Investment Income $1,231

Other Revenue $0

TOTAL REVENUE $78,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,138

Other Expenses $99,336

TOTAL EXPENSES $99,336

Year-over-Year Comparison

	2025	2024	Change
Revenue	$78,569	$76,779	+0.0%
Expenses	$99,336	$122,181	-0.2%
Net Income	$-20,767	$-45,402	-0.5%

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

N/A

Volunteers

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
JIM BAKER	PRESIDENT EL	1.00	Officer Director	$0	$0	$0
MEGAN BENNETT	EXECUTIVE DI	40.00	Director	$0	$0	$0
PERRY HAGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ASHLEY KLINE	SECRETARY	1.00	Officer Director	$0	$0	$0
JESS RAMAEKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON REED	BOARD MEMBER	1.00	Director	$0	$0	$0
NATHAN SAGE	PAST EXEC DI	40.00	Director	$0	$0	$0
KATIE SHAWVER	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER USSERY	CITY MANAGER	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	$78,569	$99,336	$116,033	$-20,767
2024	No data	No data	No data	No data
2023	$68,761	$47,330	$209,551	$21,431
2022	$101,618	$79,031	$162,795	$22,587
2021	$123,809	$77,435	$140,208	$46,374
2020	$105,890	$110,547	$94,296	$-4,657
2019	$101,940	$88,176	$98,985	$13,764
2018	$69,351	$79,470	$88,080	$-10,119