LEXINGTON AREA CHAMBER OF COMMERCE INC (EIN 560484971) - 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

1946

Legal Domicile

Principal Officer

JOE WALLACE

Phone

3362485929

Tax Period

2024-10-01 to 2025-09-30

LEXINGTON AREA CHAMBER OF COMMERCE INC, founded in 1946, is a small nonprofit that reported $274K in total revenue in fiscal year 2024. Expenses of $303K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROMOTING COOPERATION IN MATTERS OF INTEREST TO THE BUSINESS OF LEXINGTON; DEVELOP INCREASED CIVIC INTEREST; AND CREATE AND MAINTAIN HIGHER BUSINESS STANDARD.

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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 $274,055

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $274,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,897

Fundraising Expenses $0

Program Expenses $303,080

Other Expenses $162,183

TOTAL EXPENSES $303,080

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,055	$266,690	+0.0%
Expenses	$303,080	$298,838	+0.0%
Net Income	$-29,025	$-32,148	-0.1%

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

$61,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARROD DUNBAR	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE ATKINS	DIRECTOR	2.00	Director	$0	$0	$0
TRAVIS STEWART	DIRECTOR	2.00	Director	$0	$0	$0
MORGAN BRINKLE	DIRECTOR	2.00	Director	$0	$0	$0
NAKIA HARDY	DIRECTOR	2.00	Director	$0	$0	$0
EVAN PARSONS	DIRECTOR	2.00	Director	$0	$0	$0
CALEB CORKINS	DIRECTOR	2.00	Director	$0	$0	$0
COURTNEY LOHR	DIRECTOR	2.00	Director	$0	$0	$0
JIM BORLAND	DIRECTOR	2.00	Director	$0	$0	$0
YVROSE LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
CHAD BROWN	DIRECTOR	2.00	Director	$0	$0	$0
HAL ROUTH	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN RAY	DIRECTOR	2.00	Director	$0	$0	$0
JULIE HARSHAW	DIRECTOR	2.00	Director	$0	$0	$0
MIKE TURLINGTON	DIRECTOR	2.00	Director	$0	$0	$0
GREGG SLATE	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE HARRIS	BOARD CHAIR	2.00	Officer	$0	$0	$0
TIM GWILLIM	CHAIR-ELECT	2.00	Officer	$0	$0	$0
JESSICA SNIDER	BOARD TREASURER	2.00	Officer	$0	$0	$0
JOE WALLACE	PRESIDENT	40.00	Officer	$61,500	$0	$61,500

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	$274,055	$303,080	$32,429	$-29,025
2024	$266,690	$298,838	$57,860	$-32,148
2023	$260,779	$252,771	$87,905	$8,008
2022	$227,370	$246,542	$77,598	$-19,172
2021	$279,880	$243,150	$105,072	$36,730
2020	$215,520	$256,740	$66,418	$-41,220
2019	$289,913	$291,274	$78,451	$-1,361

LEXINGTON AREA CHAMBER OF COMMERCE INC