HAMPTON AREA CHAMBER OF COMMERCE (EIN 420672031) - Form 990 Financial Analysis & Trantor Score

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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

1950

Legal Domicile

Principal Officer

WILLIAM HITTLE

Phone

6414565668

Tax Period

2023-01-01 to 2023-12-31

HAMPTON AREA CHAMBER OF COMMERCE, founded in 1950, is a small nonprofit that reported $389K in total revenue in fiscal year 2023. Revenue surged 134% from the prior year, signaling strong growth momentum. Expenses of $492K exceeded revenue, resulting in a 26% operating deficit.

Mission

Our mission is to unify downtown Hampton with the greater Franklin County area by working together supporting and encouraging growth in the downtown district and beyond.

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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 (2023)

Revenue Breakdown

Contributions & Grants $362,354

Program Service Revenue $10,419

Investment Income $583

Other Revenue $15,413

TOTAL REVENUE $388,769

Expense Breakdown

Grants Paid $51,619

Salaries & Benefits $92,852

Fundraising Expenses $0

Program Expenses $491,657

Other Expenses $347,186

TOTAL EXPENSES $491,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$388,769	$166,222	+1.3%
Expenses	$491,657	$181,137	+1.7%
Net Income	$-102,888	$-14,915	+5.9%

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

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
Kyle Whalen	Director	002.00	Director	$0	$0	$0
Kent Mollenbeck	Director	002.00	Director	$0	$0	$0
Terry Carr	Director	002.00	Director	$0	$0	$0
Sarah Miller	President	002.00	Officer	$0	$0	$0
Dale Schirmer	Vice President	002.00	Officer	$0	$0	$0
Eric Reicherts	Treasurer	002.00	Officer	$0	$0	$0
Bill Hittle	Executive Director	040.00	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	No data	No data	No data	No data
2023	$388,769	$491,657	$75,820	$-102,888
2022	$166,222	$181,137	$167,652	$-14,915
2021	$221,092	$159,270	$182,567	$61,822
2020	$182,046	$162,049	$117,990	$19,997

HAMPTON AREA CHAMBER OF COMMERCE