BEDFORD 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

1939

Legal Domicile

Principal Officer

KAYLA WALLER

Phone

5405869401

Tax Period

2023-01-01 to 2023-12-31

BEDFORD CHAMBER OF COMMERCE INC, founded in 1939, is a small nonprofit in the Community Improvement sector that reported $222K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $249K exceeded revenue, resulting in a 12% operating deficit.

Mission

AN ORGANIZATION OF BUSINESS AND COMMUNITY LEADERS WORKING TOGETHER TO SERVE THE INTERESTS OF OUR MEMBERS BY PROVIDING PROGRAMS AND SERVICES WHICH IMPROVE THE ECONOMIC VITALITY OF OUR COMMUNITY ENHANCING THE BUSINESS COMMUNITY THROUGH ADVOCACY, EDUCATION, AND NETWORKING.

Program Service Accomplishments

Program 1

Expenses: $228,641

TO SERVE THEIR MEMBERS AS AN ADVOCATE FOR BUSINESS THROUGH PROMOTION AND REPRESENTATION. CURRENTLY SERVING 443 CORPORATE AND INDIVIDUAL MEMBERS.

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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 $11,875

Program Service Revenue $131,323

Investment Income $0

Other Revenue $78,697

TOTAL REVENUE $221,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,778

Fundraising Expenses $0

Program Expenses $228,641

Other Expenses $107,743

TOTAL EXPENSES $248,521

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,895	$194,152	+0.1%
Expenses	$248,521	$184,901	+0.3%
Net Income	$-26,626	$9,251	-3.9%

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

$55,108

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL MOSS	DIRECTOR	1.00	Officer Director	$0	$0	$0
KEVIN TURNER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GARY EVANS	FINANCE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARY JO BOONE	PAST CHAIRMAN	1.00	Director	$0	$0	$0
PAM BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
MARC BERGIN	DIRECTOR	1.00	Director	$0	$0	$0
CHAD COPP	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK GATTI	DIRECTOR	1.00	Director	$0	$0	$0
RUSS SMITH	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAKE GUSLER	DIRECTOR	1.00	Director	$0	$0	$0
MARY BUCHANAN KIRBY	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL OVERSTREET	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINA PALMER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN STINNETT	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE NOEL	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON CAVENDISH	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HISS	DIRECTOR	1.00	Director	$0	$0	$0
BART WARNER	DIRECTOR	1.00	Director	$0	$0	$0
TOM WOODFORD	DIRECTOR	1.00	Director	$0	$0	$0
KAYLA WALLER	PRESIDENT	40.00	Officer	$55,108	$0	$55,108

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
2023	$221,895	$248,521	$8,040	$-26,626
2022	$194,152	$184,901	$35,482	$9,251
2021	$215,643	$188,523	$27,420	$27,120
2020	$261,762	$177,811	$48,740	$83,951
2019	$236,634	$236,627	$24,249	$7
2018	$254,703	$279,776	$23,432	$-25,073