ALBANY AREA CHAMBER OF COMMERCE INC

EIN: 580134930

ALBANY, GA

Total Revenue
$717,544
Total Expenses
$793,968
Total Assets
$523,648
Net Assets
$356,613
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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
1911
Legal Domicile
GA
Principal Officer
BARBARA RIVERA HOLMES
Phone
2294348700
Tax Period
2023-01-01 to 2023-12-31

ALBANY AREA CHAMBER OF COMMERCE INC, founded in 1911, is a small nonprofit that reported $718K in total revenue in fiscal year 2023. Expenses of $794K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE MISSION OF THE ALBANY AREA CHAMBER OF COMMERCE IS TO ADVOCATE FOR BUSINESS SUCCESS THROUGH LEADERSHIP AND ECONOMIC DEVELOPMENT FOR THE ALBANY AREA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $217,841
Program Service Revenue $473,971
Investment Income $732
Other Revenue $25,000
TOTAL REVENUE $717,544

Expense Breakdown

Grants Paid $0
Salaries & Benefits $365,346
Fundraising Expenses $0
Other Expenses $428,622
TOTAL EXPENSES $793,968

Year-over-Year Comparison

2023 2022 Change
Revenue $717,544 $671,479 +0.1%
Expenses $793,968 $737,812 +0.1%
Net Income $-76,424 $-66,333 +0.2%
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

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Governance

Voting Members
30
Independent Members
30
Employees
6
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
1
$140,592
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHANDU KUNTWALA JUNE 2023 CHAIR EXEC C 1.85
Director
$0 $0 $0
PERRY REVELL CHAIR EXEC C 1.85
Director
$0 $0 $0
DON GRAY PAST CHAIR E 1.15
Director
$0 $0 $0
JERETHA PETERS CHAIR ELEC E 1.61
Director
$0 $0 $0
JEFF WRIGHT TREASURER EX 1.15
Director
$0 $0 $0
BRIAN DOUGHERTY VICE-CHAIR E 0.46
Director
$0 $0 $0
BRIANNA WILSON VICE-CHAIR E 0.46
Director
$0 $0 $0
BRIDGES SINYARD VICE-CHAIR E 0.46
Director
$0 $0 $0
DAN GILLAN VICE-CHAIR E 0.46
Director
$0 $0 $0
SMITH WILSON AT LARGE EXE 0.46
Director
$0 $0 $0
SCOTT STEINER AT LARGE EXE 0.46
Director
$0 $0 $0
JUWAN WILSON AT LARGE EXE 0.46
Director
$0 $0 $0
ELYSE BOWER DIRECTOR AT 0.46
Director
$0 $0 $0
SHERI BARLOW DIRECTOR AT 0.46
Director
$0 $0 $0
CALEB CLUGSTON DIRECTOR AT 0.46
Director
$0 $0 $0
CHRISTIE CANNON COLE DIRECTOR AT 0.46
Director
$0 $0 $0
ROD GARNER DIRECTOR AT 0.46
Director
$0 $0 $0
SHERRER HESTER DIRECTOR AT 0.46
Director
$0 $0 $0
CHLOE HINTON DIRECTOR AT 0.46
Director
$0 $0 $0
THELMA JOHNSON DIRECTOR AT 0.46
Director
$0 $0 $0
KEN BEVEL DIRECTOR AT 0.46
Director
$0 $0 $0
SCOT MORRISEY DIRECTOR AT 0.46
Director
$0 $0 $0
TERRI CHRISTIAN DIRECTOR AT 0.46
Director
$0 $0 $0
WILLIAM MYLES DIRECTOR AT 0.46
Director
$0 $0 $0
CLINT NEWSOME DIRECTOR AT 0.46
Director
$0 $0 $0
STEPHEN DEW DIRECTOR AT 0.46
Director
$0 $0 $0
KEMBLE TEAGUE DIRECTOR AT 0.46
Director
$0 $0 $0
CHERYL MADDOX DIRECTOR AT 0.46
Director
$0 $0 $0
BEN MAILLETTE DIRECTOR AT 0.46
Director
$0 $0 $0
JONATHAN SISKEY DIRECTOR AT 0.46
Director
$0 $0 $0
BARBARA RIVERA HOLMES PRES/CEO 40.00
Officer
$119,207 $21,385 $140,592
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 No data No data No data No data
2023 $717,544 $793,968 $523,648 $-76,424
2022 $671,479 $739,806 $584,416 $-68,327
2022 $671,479 $737,812 $584,416 $-66,333
2021 $708,571 $567,456 $584,153 $141,115
2020 $616,769 $627,680 $475,151 $-10,911
2019 $805,677 $768,940 $541,097 $36,737
2018 $653,071 $1,170,984 $496,611 $-517,913
2017 $1,509,009 $1,549,577 $1,133,346 $-40,568
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