COVINGTON - NEWTON COUNTY CHAMBER OF COMMERCE INC (EIN 580899717) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

DEBBIE HARPER

Phone

7707867510

Tax Period

2022-07-01 to 2023-06-30

COVINGTON - NEWTON COUNTY CHAMBER OF COMMERCE INC, founded in 1962, is a small nonprofit that reported $453K in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Expenses of $541K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE NEWTON CHAMBER OF COMMERCE WILL BE A CATALYST FOR BUSINESS GROWTH, AN ADVOCATE FOR BUSINESSES AMONG OUR COMMUNITY PARTNERS, AND A CHAMPION FOR A QUALITY OF LIFE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $412,545

Investment Income $5,556

Other Revenue $35,331

TOTAL REVENUE $453,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,524

Fundraising Expenses $0

Other Expenses $243,659

TOTAL EXPENSES $541,183

Year-over-Year Comparison

	2022	2021	Change
Revenue	$453,432	$508,816	-0.1%
Expenses	$541,183	$504,708	+0.1%
Net Income	$-87,751	$4,108	-22.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$98,308

Total Directors

$98,308

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY BAILEY	CHAIR	2.00	Officer Director	$0	$0	$0
DAVID KENT	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
REED BEARD	FINANCE CHAIR	2.00	Officer Director	$0	$0	$0
LANIER SIMS	CHAIR ELECT	2.00	Director	$0	$0	$0
TED CUMMINGS	DIRECTOR	2.00	Director	$0	$0	$0
JOE DECOCCO	DIRECTOR	2.00	Director	$0	$0	$0
SHAUN MOCK	DIRECTOR	2.00	Director	$0	$0	$0
LINDSEY PETRINI	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT LANE	DIRECTOR	2.00	Director	$0	$0	$0
GREG HERRING	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE HARPER	PRESIDENT/CEO	40.00	Officer Director	$93,768	$4,540	$98,308

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
2023	$453,432	$541,183	$745,293	$-87,751
2022	$508,816	$504,708	$832,726	$4,108
2021	$430,846	$454,589	$923,868	$-23,743
2020	$1,734,016	$1,659,157	$860,436	$74,859
2019	$1,722,279	$1,716,206	$777,811	$6,073
2018	$1,487,213	$1,435,188	$768,994	$52,025

COVINGTON - NEWTON COUNTY CHAMBER OF COMMERCE INC