BOONE AREA CHAMBER OF COMMERCE (EIN 560517450) - 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

1949

Legal Domicile

Principal Officer

DAVID M JACKSON

Phone

8282642225

Tax Period

2023-07-01 to 2024-06-30

BOONE AREA CHAMBER OF COMMERCE, founded in 1949, is a small nonprofit in the Community Improvement sector that reported $675K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $745K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO ADVANCE ECONOMIC PROSPERITY AND TO ENCOURAGE PUBLIC/PRIVATE COOPERATION THAT WILL BROADEN THE ECONOMIC BASE AND ENHANCE THE QUALITY OF LIFE IN THE LOCAL COMMUNITY.

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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 $0

Program Service Revenue $628,046

Investment Income $221

Other Revenue $46,885

TOTAL REVENUE $675,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $429,476

Fundraising Expenses $7,088

Program Expenses $675,581

Other Expenses $315,559

TOTAL EXPENSES $745,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$675,152	$558,504	+0.2%
Expenses	$745,035	$634,354	+0.2%
Net Income	$-69,883	$-75,850	-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

$80,262

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI RAGAN	EXECUTIVE COMMITTEE- AT-LARGE	2.00	Officer Director	$0	$0	$0
TALIA FREEMAN	EXECUTIVE COMMITTEE- CHAIR	2.00	Officer Director	$0	$0	$0
MARK GOULD	EXECUTIVE COMMITTEE- CHAIR ELECT	2.00	Officer Director	$0	$0	$0
JOE NASH	EXECUTIVE COMMITTEE- TREASURER	2.00	Director	$0	$0	$0
YOLANDA ADAMS	DIRECTOR	1.00	Officer Director	$0	$0	$0
CARRIE AFANADOR	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
TARA BROSSA	DIRECTOR	1.00	Director	$0	$0	$0
DR TIFFANY CHRISTIAN	DIRECTOR	1.00	Director	$0	$0	$0
DR HARRY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY GOTTFRIED	DIRECTOR	1.00	Director	$0	$0	$0
JIM HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA HEAVNER	DIRECTOR	1.00	Director	$0	$0	$0
HAL HOOD	DIRECTOR	1.00	Director	$0	$0	$0
NATHANIEL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BRENT KEITH	DIRECTOR	1.00	Director	$0	$0	$0
ANGUS LAMOND	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MAYBEE	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE NEIBAUR	DIRECTOR	1.00	Director	$0	$0	$0
DR MARK POARCH	DIRECTOR	1.00	Director	$0	$0	$0
KINDSAY REEDER	DIRECTOR	1.00	Director	$0	$0	$0
DR TIERRA STARK	DIRECTOR	1.00	Director	$0	$0	$0
SETH SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
OMER TOMLINSON	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA WHITE	DIRECTOR	1.00	Director	$0	$0	$0
DR JASON XIONG	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JACKSON	PRESIDENT & CEO	40.00	Officer	$80,262	$0	$80,262

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	$675,152	$745,035	$329,073	$-69,883
2023	$558,504	$634,354	$378,135	$-75,850
2022	$615,842	$519,319	$461,433	$96,523
2021	$491,618	$437,183	$390,123	$54,435

BOONE AREA CHAMBER OF COMMERCE