CHAMBER OF COMMERCE HABERSHAM COUNTY (EIN 580541377) - 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

1972

Legal Domicile

Principal Officer

CLAYTON FOSTER

Phone

7067784654

Tax Period

2023-01-01 to 2023-12-31

CHAMBER OF COMMERCE HABERSHAM COUNTY, founded in 1972, is a small nonprofit that reported $550K in total revenue in fiscal year 2023. Expenses of $617K exceeded revenue, resulting in a 12% operating deficit.

Mission

HABERSHAM COUNTY CHAMBER OF COMMERCE'S MISSION IS TO BE VITAL TO EXISTING BUSINESSES, PROMOTE ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE IN HABERSHAM COUNTY.

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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 $481,947

Program Service Revenue $27,506

Investment Income $560

Other Revenue $40,484

TOTAL REVENUE $550,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,100

Fundraising Expenses $13,215

Program Expenses $530,856

Other Expenses $448,066

TOTAL EXPENSES $617,166

Year-over-Year Comparison

	2023	2022	Change
Revenue	$550,497	$514,459	+0.1%
Expenses	$617,166	$438,732	+0.4%
Net Income	$-66,669	$75,727	-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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM ASH	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
RANDY BROOKS	DIRECTOR	2.00	Director	$0	$0	$0
JOEY DUNCAN	TREASURER	2.00	Officer Director	$0	$0	$0
CLAYTON FOSTER	CHAIR	2.00	Officer Director	$0	$0	$0
LESLIE FOSTER	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK FRANKLIN	DIRECTOR	2.00	Director	$0	$0	$0
MATT HAYES	DIRECTOR	2.00	Director	$0	$0	$0
MALISA MCOMBER	DIRECTOR	2.00	Director	$0	$0	$0
JESSIE OWENSBY	DIRECTOR	2.00	Director	$0	$0	$0
HAROLD PICKETT	PAST CHAIR	2.00	Officer Director	$0	$0	$0
GUY RAMOS	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN RAMSEY	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
TOMMY THURMOND	DIRECTOR	2.00	Director	$0	$0	$0
JIM WEIDNER	DIRECTOR	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	No data	No data	No data	No data
2023	$550,497	$617,166	$328,161	$-66,669
2022	$514,459	$438,732	$384,206	$75,727
2021	$606,250	$424,770	$308,100	$181,480
2020	$422,101	$445,308	$126,622	$-23,207
2019	$458,283	$459,435	$149,829	$-1,152
2018	$435,234	$439,702	$160,381	$-4,468

CHAMBER OF COMMERCE HABERSHAM COUNTY