FORSYTH COUNTY CHAMBER OF COMMERCE INC

EIN: 581048245

CUMMING, GA

Total Revenue
$2,564,630
Total Expenses
$2,609,895
Total Assets
$985,252
Net Assets
$47,725
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
GA
Principal Officer
DREW WALKER
Phone
7708876461
Tax Period
2023-01-01 to 2023-12-31

FORSYTH COUNTY CHAMBER OF COMMERCE INC, founded in 1954, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023.

Mission

TO BE THE VOICE OF BUSINESS AND TO PROVIDE LEADERSHIP, INFORMATION AND SOLUTIONS THAT WILL FOSTER A STRONG ECONOMIC ENVIRONMENT AND A SUPERIOR QUALITY OF LIFE IN THE CITY OF COUMMING AND FORSYTH 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,564,630
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,564,630

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,609,866
Fundraising Expenses $0
Program Expenses $1,980,458
Other Expenses $1,000,029
TOTAL EXPENSES $2,609,895

Year-over-Year Comparison

2023 2022 Change
Revenue $2,564,630 N/A N/A
Expenses $2,609,895 N/A N/A
Net Income $-45,265 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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Governance

Voting Members
61
Independent Members
61
Employees
22
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
62
$0
Key Employees
1
$197,100
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES MCCOY PRESIDENT 40.00
Key Emp
$193,500 $3,600 $197,100
DREW WALKER CHAIRMAN 2.00
Officer Director
$0 $0 $0
DEREK BROOKS IMMEDIATE PA 2.00
Officer Director
$0 $0 $0
STEVE COOPER FIRST CHAIR 2.00
Officer Director
$0 $0 $0
JAN ROONEY SECOND CHAIR 2.00
Officer Director
$0 $0 $0
MARVIN WILLIS SECRETARY-TR 2.00
Officer Director
$0 $0 $0
CHARLES EMERT DIRECTOR 2.00
Director
$0 $0 $0
PAM LEDBETTER DIRECTOR 2.00
Director
$0 $0 $0
ANGIE LEE DIRECTOR 2.00
Director
$0 $0 $0
RICK LOWE DIRECTOR 2.00
Director
$0 $0 $0
BOB MCLEOD DIRECTOR 2.00
Director
$0 $0 $0
ADAM RODES DIRECTOR 2.00
Director
$0 $0 $0
BOB RUSSELL DIRECTOR 2.00
Director
$0 $0 $0
DOUG SHAW DIRECTOR 2.00
Director
$0 $0 $0
RUPAL VAISHNAV DIRECTOR 2.00
Director
$0 $0 $0
LINDSEY WILKES DIRECTOR 2.00
Director
$0 $0 $0
PEARL CAI DIRECTOR 2.00
Director
$0 $0 $0
BERT DURAND DIRECTOR 2.00
Director
$0 $0 $0
ADRIAN FLACK DIRECTOR 2.00
Director
$0 $0 $0
PAT MALANEY DIRECTOR 2.00
Director
$0 $0 $0
CHAREL PALMER DIRECTOR 2.00
Director
$0 $0 $0
STEVE RYERSE DIRECTOR 2.00
Director
$0 $0 $0
ANDREW SHANNON DIRECTOR 2.00
Director
$0 $0 $0
AMITA DHAWAN DIRECTOR 2.00
Director
$0 $0 $0
MIKE CRUMBLEY DIRECTOR 2.00
Director
$0 $0 $0
CHRIS ETHERIDGE DIRECTOR 2.00
Director
$0 $0 $0
QUINN MARTIN DIRECTOR 2.00
Director
$0 $0 $0
BRIAN TAM DIRECTOR 2.00
Director
$0 $0 $0
ALISSA TANNER DIRECTOR 2.00
Director
$0 $0 $0
STEPHANIE WOODY DIRECTOR 2.00
Director
$0 $0 $0
CHRIS BRAUN DIRECTOR 2.00
Director
$0 $0 $0
LEIGH ANN CANNADY DIRECTOR 2.00
Director
$0 $0 $0
KRISTEN COOK DIRECTOR 2.00
Director
$0 $0 $0
SCOTT JORDAN DIRECTOR 2.00
Director
$0 $0 $0
MATT MCCLURE DIRECTOR 2.00
Director
$0 $0 $0
PARISH PATEL DIRECTOR 2.00
Director
$0 $0 $0
MARK THOMPSON DIRECTOR 2.00
Director
$0 $0 $0
ALFRED JOHN DIRECTOR 2.00
Director
$0 $0 $0
TROY BRUMBALOW DIRECTOR 2.00
Director
$0 $0 $0
LARRY DUCKWORTH DIRECTOR 2.00
Director
$0 $0 $0
WES MCCALL DIRECTOR 2.00
Director
$0 $0 $0
JOANNE TOLLESON DIRECTOR 2.00
Director
$0 $0 $0
JEFF BEARDEN DIRECTOR 2.00
Director
$0 $0 $0
TIM MCDONALD DIRECTOR 2.00
Director
$0 $0 $0
KEN CROWE DIRECTOR 2.00
Director
$0 $0 $0
JEFF BUTTERWORTH DIRECTOR 2.00
Director
$0 $0 $0
JODIE HART DIRECTOR 2.00
Director
$0 $0 $0
BRANDON HARTLEY DIRECTOR 2.00
Director
$0 $0 $0
BLAKE HOUSE DIRECTOR 2.00
Director
$0 $0 $0
MARY HELEN MCGRUNDER DIRECTOR 2.00
Director
$0 $0 $0
PHIL SMITH DIRECTOR 2.00
Director
$0 $0 $0
KARL MERCER DIRECTOR 2.00
Director
$0 $0 $0
ANNA LYLE DIRECTOR 2.00
Director
$0 $0 $0
KEVIN TANNER DIRECTOR 2.00
Director
$0 $0 $0
PHIL BAUER DIRECTOR 2.00
Director
$0 $0 $0
MARK BOND DIRECTOR 2.00
Director
$0 $0 $0
LYNN JACKSON DIRECTOR 2.00
Director
$0 $0 $0
ANN-MARGARET JOHNSTON DIRECTOR 2.00
Director
$0 $0 $0
KEVIN MCDONOUGH DIRECTOR 2.00
Director
$0 $0 $0
TRACY MOON DIRECTOR 2.00
Director
$0 $0 $0
CARTER PATTERSON DIRECTOR 2.00
Director
$0 $0 $0
DAVID SEAGO DIRECTOR 2.00
Director
$0 $0 $0
TERRY SMITH 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 $2,564,630 $2,609,895 $985,252 $-45,265
2022 $2,337,249 $2,963,978 $1,274,943 $-626,729
2021 $2,798,428 $2,377,589 $2,011,161 $420,839
2020 $1,760,378 $1,705,159 $989,762 $55,219
2019 $2,327,650 $2,261,087 $790,964 $66,563
2018 $2,161,829 $2,289,834 $978,046 $-128,005
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