Newnan-Coweta Chamber of Commerce Inc

EIN: 580532006

Newnan, GA

Total Revenue
$1,589,358
Total Expenses
$1,446,777
Total Assets
$778,459
Net Assets
$95,587
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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
1960
Legal Domicile
GA
Principal Officer
Candace Boothby
Phone
7702532270
Tax Period
2024-01-01 to 2024-12-31

Newnan-Coweta Chamber of Commerce Inc, founded in 1960, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 9% surplus.

Mission

To champion increased economic prosperity for our members

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,039,095
Program Service Revenue $543,456
Investment Income $1,802
Other Revenue $5,005
TOTAL REVENUE $1,589,358

Expense Breakdown

Grants Paid $0
Salaries & Benefits $571,848
Fundraising Expenses $59,867
Other Expenses $874,929
TOTAL EXPENSES $1,446,777

Year-over-Year Comparison

2024 2023 Change
Revenue $1,589,358 $1,229,195 +0.3%
Expenses $1,446,777 $1,382,049 +0.0%
Net Income $142,581 $-152,854 -1.9%
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
5
$0
Total Directors
30
$136,705
Key Employees
1
$136,705
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Bob Heaberlin Chair 2.00
Officer Director
$0 $0 $0
Garnet Reynolds Chair Elect 2.00
Officer Director
$0 $0 $0
Annissia Hanyard Treasurer 2.00
Officer Director
$0 $0 $0
Mike Robertson Immediate Past Chair 2.00
Officer Director
$0 $0 $0
Renee Horton Director 2.00
Director
$0 $0 $0
Bob Brown Vice Chair 2.00
Officer Director
$0 $0 $0
Candace Boothby President and CEO 40.00
Director Key Emp
$136,705 $0 $136,705
Cleatus Phillips Director 2.00
Director
$0 $0 $0
Michael Fouts Director 2.00
Director
$0 $0 $0
David Keller Director 2.00
Director
$0 $0 $0
Chellie Phillips Director 2.00
Director
$0 $0 $0
Jonathan Watkins Director 2.00
Director
$0 $0 $0
Dr Evan Horton Director 2.00
Director
$0 $0 $0
Sarah Jacobs Director 2.00
Director
$0 $0 $0
Dr Julie Post Director 2.00
Director
$0 $0 $0
Sister Ward Vice Chair 2.00
Director
$0 $0 $0
Jess Barron Director 2.00
Director
$0 $0 $0
Deidre Bembry Director 2.00
Director
$0 $0 $0
Samantha Brazie Director 2.00
Director
$0 $0 $0
Scott Chahalis Director 2.00
Director
$0 $0 $0
Willie Curry Director 2.00
Director
$0 $0 $0
Jason Eaker Director 2.00
Director
$0 $0 $0
Pat Finneran Director 2.00
Director
$0 $0 $0
Shane Gann Director 2.00
Director
$0 $0 $0
Stan Hickson Director 2.00
Director
$0 $0 $0
Vishal Khushalani Director 2.00
Director
$0 $0 $0
Joni Scarbrough Director 2.00
Director
$0 $0 $0
Vernon Strickland Director 2.00
Director
$0 $0 $0
Scott Tigchelaar Director 2.00
Director
$0 $0 $0
Phil Trickey Assistant Treasurer 2.00
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
2024 $1,589,358 $1,446,777 $778,459 $142,581
2023 No data No data No data No data
2022 $919,553 $925,195 $708,993 $-5,642
2021 $846,632 $897,235 $602,831 $-50,603
2020 $848,606 $738,484 $573,965 $110,122
2019 $954,427 $1,023,002 $314,556 $-68,575
2018 $870,084 $805,963 $377,841 $64,121
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