GREATER ROME CHAMBER OF COMMERCE

EIN: 580410560

ROME, GA

Total Revenue
$470,676
Total Expenses
$827,330
Total Assets
$1,671,021
Net Assets
$1,561,926
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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
1968
Legal Domicile
GA
Phone
7062917663
Tax Period
2023-01-01 to 2023-12-31

GREATER ROME CHAMBER OF COMMERCE, founded in 1968, is a small nonprofit that reported $471K in total revenue in fiscal year 2023. Expenses of $827K exceeded revenue, resulting in a 76% operating deficit.

Mission

The chambers mission is to work to promote prosperity in Rome and Floyd County for and through its business membership.

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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 $538,868
Program Service Revenue $0
Investment Income $467
Other Revenue $-68,659
TOTAL REVENUE $470,676

Expense Breakdown

Grants Paid $13,698
Salaries & Benefits $480,703
Fundraising Expenses $0
Program Expenses $248,347
Other Expenses $332,929
TOTAL EXPENSES $827,330

Year-over-Year Comparison

2023 2022 Change
Revenue $470,676 N/A N/A
Expenses $827,330 N/A N/A
Net Income $-356,654 N/A N/A
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
21
Independent Members
21
Employees
9
Volunteers
50

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
23
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pam Powers-Smith Corporate Secretary 1.00
Highest
$124,384 $0 $124,384
Kenna Stock Chairman of the Board 1.00
Officer Director
$0 $0 $0
Jarrod Johnson VC Small Business 1.00
Officer Director
$0 $0 $0
Eric Waters VC Education & Workforce 1.00
Officer Director
$0 $0 $0
Ben McElrath VC Greia Industry Services 1.00
Officer Director
$0 $0 $0
Cassandra Wheeler Past Chair 1.00
Officer Director
$0 $0 $0
Lee Carter Director 1.00
Officer Director
$0 $0 $0
John Cothran Director 1.00
Officer Director
$0 $0 $0
Jenna Guzman Director 1.00
Officer Director
$0 $0 $0
Andy Harris Director 1.00
Officer Director
$0 $0 $0
Dr Heath Hooper Director 1.00
Officer Director
$0 $0 $0
Dr Marc Hunsaker Director 1.00
Officer Director
$0 $0 $0
Seth Ingram Director 1.00
Officer Director
$0 $0 $0
Stephanie Jones Director 1.00
Officer Director
$0 $0 $0
David Lance Director 1.00
Officer Director
$0 $0 $0
Alli Mitchell Director 1.00
Officer Director
$0 $0 $0
Thomas Manning Director 1.00
Officer Director
$0 $0 $0
Parrish Owens Director 1.00
Officer Director
$0 $0 $0
Dr Heidi Popham Director 1.00
Officer Director
$0 $0 $0
Alma Roman Director 1.00
Officer Director
$0 $0 $0
Bill Temple Director 1.00
Officer Director
$0 $0 $0
Dr Dawn Williams Director 1.00
Officer Director
$0 $0 $0
Andy Garner Director 1.00
Officer Director
$0 $0 $0
Evie McNiece Treasurer 1.00
Officer 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
2024 No data No data No data No data
2023 $470,676 $827,330 $1,671,021 $-356,654
2022 $924,892 $878,917 $2,461,096 $45,975
2021 $2,520,854 $1,082,593 $2,316,353 $1,438,261
2020 $873,738 $875,865 $1,072,768 $-2,127
2019 $954,796 $941,748 $1,043,185 $13,048
2018 $982,545 $1,277,319 $1,062,650 $-294,774
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