Chamber of Commerce of Smyth County (EIN 541159213) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

Sarah Gillespie

Tax Period

2024-01-01 to 2024-12-31

CHAMBER OF COMMERCE OF SMYTH COUNTY, founded in 1981, is a small nonprofit that reported $336K in total revenue in fiscal year 2023. Expenses of $290K left a modest 13% surplus.

Mission

The Chamber serves as an information tool for county visitors and businesses wishing to locate in the area. The Chamber also fosters interaction amoung the local businesses by sponsoring social events and fundraising activities.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $157,145

Program Service Revenue $63,122

Investment Income $63

Other Revenue $1,145

TOTAL REVENUE $221,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,507

Fundraising Expenses $0

Program Expenses $234,389

Other Expenses $100,297

TOTAL EXPENSES $251,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$221,475	$335,571	-0.3%
Expenses	$251,804	$290,497	-0.1%
Net Income	$-30,329	$45,074	-1.7%

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

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
Jackie Branson	Director	0.00	Director	$0	$0	$0
Tammy Carter	Secretary	0.00	Officer Director	$0	$0	$0
Dale Clark	President	0.00	Officer Director	$0	$0	$0
Avery Cornett	Director	0.00	Director	$0	$0	$0
Wendi Hurd	Director	0.00	Director	$0	$0	$0
Marcus Lomans	Treasurer	0.00	Officer Director	$0	$0	$0
Kelly Russell	Director	0.00	Director	$0	$0	$0
Julie Sturgill	Director	0.00	Director	$0	$0	$0
Mike Sturgill	President Elect	0.00	Officer Director	$0	$0	$0
Shawn Utt	Director	0.00	Director	$0	$0	$0
Kimberly Williams	Director	0.00	Director	$0	$0	$0
Sarah Gillespie	Executive Director	40.00	Officer	$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	$221,475	$251,804	$47,581	$-30,329
2023	$335,571	$290,497	$77,499	$45,074

Chamber of Commerce of Smyth County