GALLATIN CHAMBER FOUNDATION (EIN 460883999) - 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

2012

Legal Domicile

Principal Officer

KIM BAKER

Phone

6154524000

Tax Period

2024-01-01 to 2024-12-31

GALLATIN CHAMBER FOUNDATION, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $187K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $109K, a strong 58% operating margin.

Mission

TO ENCOURAGE, PROMOTE, AND SUPPORT INNOVATIVE ENHANCEMENT PROJECTS AND CREATIVE INITIATIVES WITHIN THE CITY OF GALLATIN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $171,447

Program Service Revenue $0

Investment Income $83

Other Revenue $15,299

TOTAL REVENUE $186,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,575

Other Expenses $78,018

TOTAL EXPENSES $78,018

Year-over-Year Comparison

	2024	2023	Change
Revenue	$186,829	$154,661	+0.2%
Expenses	$78,018	$21,393	+2.6%
Net Income	$108,811	$133,268	-0.2%

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

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
CLAIRE BOLINGER	BOARD MEMBER	N/A	Director	$0	$0	$0
RACHEL BROWN	CHAMBER BOAR	N/A	Director	$0	$0	$0
DEANNA DEWITT	BOARD MEMBER	N/A	Director	$0	$0	$0
KATHRYN GOOD	BOARD MEMBER	N/A	Director	$0	$0	$0
JEANNIE GREGORY	TREASURER	N/A	Director	$0	$0	$0
MICHAEL LAJOIE	CHAMBER BOAR	N/A	Director	$0	$0	$0
SCOTT LANGFORD	VICE CHAIR	N/A	Director	$0	$0	$0
LYNDA LOVE	BOARD MEMBER	N/A	Director	$0	$0	$0
JIMMY OVERTON	CHAIRMAN	N/A	Director	$0	$0	$0
KIT SINYARD	SECRETARY	N/A	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
2024	$186,829	$78,018	$255,655	$108,811
2023	$154,661	$21,393	$146,843	$133,268

GALLATIN CHAMBER FOUNDATION