COLUMBUS CHAMBER OF COMMERCE AND T… - Form 990 Financial Data

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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

1946

Legal Domicile

Principal Officer

HEATH NANCE

Phone

9106423171

Tax Period

2023-07-01 to 2024-06-30

COLUMBUS CHAMBER OF COMMERCE AND TOURISM INC, founded in 1946, is a small nonprofit that reported $230K in total revenue in fiscal year 2023. Net assets of $512K represent 27 months of operating reserves.

Mission

PROMOTE COMMERCE IN THE AREA

Program Service Accomplishments

Program 1

Expenses: $216,179

PROGRAM SERVICE EXPENSES ARE TO ENCOURAGE COMMERCE IN WHITEVILLE AND SURROUNDING AREAS.

Program 2

DISCOVER COLUMBUS FIRST INITIATIVE

Program 3

OTHER EVENTS

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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 $105,165

Program Service Revenue $43,581

Investment Income $2,879

Other Revenue $78,666

TOTAL REVENUE $230,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,527

Fundraising Expenses $0

Program Expenses $216,179

Other Expenses $74,745

TOTAL EXPENSES $224,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$230,291	$230,569	0.0%
Expenses	$224,272	$228,391	0.0%
Net Income	$6,019	$2,178	+1.8%

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

N/A

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
JENNIFER HOLCOMB	PRESIDENT	40.00	Director	$0	$0	$0
DR DAN STRICKLAND	BOARD MEMBER	0.00	Director	$0	$0	$0
HEATH NANCE	CHAIRMAN	0.00	Director	$0	$0	$0
AMBER BELLAMY	BOARD MEMBER	0.00	Director	$0	$0	$0
NICKY NANCE	BOARD MEMBER	0.00	Director	$0	$0	$0
JONATHAN MEDFORD	BOARD MEMBER	0.00	Director	$0	$0	$0
JASON BECK	BOARD MEMBER	0.00	Director	$0	$0	$0
BETTINA COX	BOARD MEMBER	0.00	Director	$0	$0	$0
STEPHEN UNDERWOOD	BOARD MEMBER	0.00	Director	$0	$0	$0
MARY WILLIAMSON	BOARD MEMBER	0.00	Director	$0	$0	$0
TERRY MANN	EX-OFFICIO	0.00	Director	$0	$0	$0
DR GARY LANIER	EX-OFFICIO	0.00	Director	$0	$0	$0
KATHY ASHLEY	BOARD MEMBER	0.00	Director	$0	$0	$0
RHONDA DUTTON	BOARD MEMBER	0.00	Director	$0	$0	$0
TERRI EDMUND	BOARD MEMBER	0.00	Director	$0	$0	$0
CYNTHIA ELLIS	BOARD MEMBER	0.00	Director	$0	$0	$0
DR CHRIS ENGLISH	BOARD MEMBER	0.00	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	$230,291	$224,272	$515,191	$6,019
2023	$230,569	$228,391	$501,160	$2,178
2022	$220,066	$174,125	$460,140	$45,941
2021	$264,869	$197,975	$418,273	$66,894
2020	$201,906	$180,540	$349,174	$21,366
2019	$196,448	$183,492	$329,307	$12,956
2018	$193,893	$184,758	$319,275	$9,135

COLUMBUS CHAMBER OF COMMERCE AND TOURISM INC