CULLMAN AREA CHAMBER FOUNDATION

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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

2015

Legal Domicile

Principal Officer

JOSH WIGGINS

Phone

2567340454

Tax Period

2024-01-01 to 2024-12-31

Mission

THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL, SCIENTIFIC, AND CHARITABLE PURPOSES TO ASSIST AND AID THE MISSION AND GOALS OF THE CULLMAN AREA CHAMBER OF COMMERCE.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

PROMOTING EDUCATION, SCIENTIFIC, AND CHARITABLE PURPOSES AND TO AID IN THE GOALS OF THE CULLMAN AREA CHAMBER OF COMMERCE.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,990

TOTAL EXPENSES $4,990

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$3,000	-1.0%
Expenses	$4,990	$2,474	+1.0%
Net Income	N/A	$526	N/A

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
JOSH WIGGINS	PRESIDENT	1.00	Director	$0	$0	$0
BILLY TROUTMAN	VICE PRESIDENT	1.00	Director	$0	$0	$0
CHARLIE NESMITH	TREASURER	1.00	Director	$0	$0	$0
JOEY ORR	SECRETARY	1.00	Director	$0	$0	$0
BEN HARRISON	MEMBER AT LARGE	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	No data	No data	No data	No data
2024	No data	$4,990	$4,323	No data
2023	$3,000	$2,474	$9,288	$526
2022	No data	$11,629	$12,864	No data
2021	No data	$3,724	$23,468	No data
2020	$8	$5,855	$24,090	$-5,847
2019	$30,000	$29,117	$29,937	$883
2018	$30,035	$5,623	$53,957	$24,412