Henry County Chamber of Commerce Inc (EIN 581025691) - 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

1967

Legal Domicile

Principal Officer

Joseph B Henning

Phone

7709575786

Tax Period

2023-01-01 to 2023-12-31

Henry County Chamber of Commerce Inc, founded in 1967, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 11% surplus.

Mission

To promote business, industry and tourism in Henry County, Georgia.

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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 $36,700

Program Service Revenue $1,908,474

Investment Income $3,149

Other Revenue $-46,169

TOTAL REVENUE $1,902,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $540,350

Fundraising Expenses $0

Other Expenses $1,150,501

TOTAL EXPENSES $1,690,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,902,154	$1,679,995	+0.1%
Expenses	$1,690,851	$1,609,875	+0.1%
Net Income	$211,303	$70,120	+2.0%

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

250

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

$162,519

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Henning	President & CEO	40.00	Officer	$154,404	$8,115	$162,519
Kena Ceasar	Chair	2.00	Officer Director	$0	$0	$0
Chris Wood	Chair Elect	1.00	Officer Director	$0	$0	$0
Morrelle McCrary	Treasurer	1.00	Officer Director	$0	$0	$0
Steve Nail	Past Chair	1.00	Director	$0	$0	$0
Thomas Williams	Vice Chair Government & Education	1.00	Director	$0	$0	$0
Brandon Hutchison	Vice Chair Economic & Community Dev	1.00	Director	$0	$0	$0
Brenda Landers	Vice Chair Chamber Development	1.00	Director	$0	$0	$0
Chris Williams	CVB Chair	1.00	Director	$0	$0	$0
Tony Carnell	Director	1.00	Director	$0	$0	$0
Christy Chewning	Director	1.00	Director	$0	$0	$0
Dr Chris Daniel	Director	1.00	Director	$0	$0	$0
Dr Mary Elizabeth Davis	Director	1.00	Director	$0	$0	$0
Josh Fenn	Director	1.00	Director	$0	$0	$0
Mayor Anthony Ford	Director	1.00	Director	$0	$0	$0
Carolyn Fraser	Director	1.00	Director	$0	$0	$0
Deanna Gregory	Director	1.00	Director	$0	$0	$0
Chair Carlotta Harrell	Director	1.00	Director	$0	$0	$0
Michael Harris	Director	1.00	Director	$0	$0	$0
David Kent	Director	1.00	Director	$0	$0	$0
Dr Jill Lane	Director	1.00	Director	$0	$0	$0
Anja Matthews	Director	1.00	Director	$0	$0	$0
Josh Murtha	Director	1.00	Director	$0	$0	$0
Sharon Ponder	Director	1.00	Director	$0	$0	$0
Mayor Robert Price	Director	1.00	Director	$0	$0	$0
Mayor Ann Tarpley	Director	1.00	Director	$0	$0	$0
Lyndsay Theado	Director	1.00	Director	$0	$0	$0
Mayor Sandra Vincent	Director	1.00	Director	$0	$0	$0
Kedon Williams	Director	1.00	Director	$0	$0	$0
Travis Wynes	Director	1.00	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	$1,902,154	$1,690,851	$2,198,704	$211,303
2022	$1,679,995	$1,609,875	$2,016,753	$70,120
2021	$1,461,877	$1,081,477	$1,985,932	$380,400
2020	$976,611	$1,023,045	$1,505,426	$-46,434
2019	$1,271,842	$1,344,421	$1,575,525	$-72,579
2018	$1,162,606	$1,071,507	$1,683,087	$91,099

Henry County Chamber of Commerce Inc