Kingsport Chamber Foundation Inc (EIN 581453565) - 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

1981

Legal Domicile

Principal Officer

Miles Burdine

Phone

4233928812

Tax Period

2024-01-01 to 2024-12-31

Kingsport Chamber Foundation Inc, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2024.

Mission

The Foundation was established for community service and promotion. It provides facilities for Kingsport Chamber of Commerce activities provides training to future community leaders helps unite local government, busine

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,456,500

Program Service Revenue $728,763

Investment Income $107,112

Other Revenue $481,481

TOTAL REVENUE $3,773,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,067,146

Fundraising Expenses $0

Program Expenses $3,630,312

Other Expenses $1,682,569

TOTAL EXPENSES $3,749,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,773,856	$3,609,247	+0.0%
Expenses	$3,749,715	$3,491,161	+0.1%
Net Income	$24,141	$118,086	-0.8%

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

$298,663

Total Directors

Key Employees

$498,163

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Miles Burdine	CEO/Secretary	030.00	Officer Key Emp	$284,441	$14,222	$298,663
Frank Lett	VK President	040.00	Key Emp	$190,000	$9,500	$199,500
Elaine Bodenweiser	Chief Financial Officer	030.00	Highest	$167,960	$8,398	$176,358
Robert Feagins	Comm/Dev Director	040.00	Highest	$123,321	$6,166	$129,487
Aundrea Salyer	KOSBE Director	040.00	Highest	$119,614	$5,981	$125,595
Lara Potter	VK Vice President	040.00	Highest	$115,000	$5,750	$120,750
Russ Rogers	Board Member	001.00	Director	$0	$0	$0
Ramona Jackson	Imm Past Chair	001.00	Director	$0	$0	$0
Wes Argabrite	Board Member	001.00	Director	$0	$0	$0
Danielle Cannon	Board Member	001.00	Director	$0	$0	$0
Chris McCartt	Board Member	001.00	Director	$0	$0	$0
Heath Guinn	Board Member	001.00	Director	$0	$0	$0
Tory Lorimer	Board Member	001.00	Director	$0	$0	$0
Paula Jackson	Board Member	001.00	Director	$0	$0	$0
Anne Greenfield	Board Member	001.00	Director	$0	$0	$0
Molly Luton	Board Member	001.00	Director	$0	$0	$0
Jamie Joaquin	Board Member	001.00	Director	$0	$0	$0
Paula Bulcao	Board Member	001.00	Director	$0	$0	$0
Jamie Jackson	Board Member	001.00	Director	$0	$0	$0
Dwight Owens	Board Member	001.00	Director	$0	$0	$0
John Rose	Board Member	001.00	Director	$0	$0	$0
Rob Arnold	Board Member	001.00	Director	$0	$0	$0
Subhashini Vashisth	Board Member	001.00	Director	$0	$0	$0
Jeff McCord	Board Member	001.00	Director	$0	$0	$0
James Phillips	Board Member	001.00	Director	$0	$0	$0
Kellie Weaver	Board Member	001.00	Director	$0	$0	$0
Victoria Blanken	Board Member	001.00	Director	$0	$0	$0
Bonnie Depew	Board Member	001.00	Director	$0	$0	$0
David Douthat	Board Member	001.00	Director	$0	$0	$0
Bob Feathers	Board Member	001.00	Director	$0	$0	$0
Kelli Fletcher	Board Member	001.00	Director	$0	$0	$0
Jake Holmes	Board Member	001.00	Director	$0	$0	$0
Carla Karst	Board Member	001.00	Director	$0	$0	$0
Paul Montgomery	Board Member	001.00	Director	$0	$0	$0
Jenn Owen	Board Member	001.00	Director	$0	$0	$0
Kelly Price	Board Member	001.00	Director	$0	$0	$0
Derika Vidale	Board Member	001.00	Director	$0	$0	$0
Ron Waite	Board Member	001.00	Director	$0	$0	$0
Ted Fields	Chair	002.00	Officer	$0	$0	$0
Greg Perdue	Chair Elect	001.00	Officer	$0	$0	$0
Troy Wilson	Treasurer	002.00	Officer	$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	$3,773,856	$3,749,715	$4,361,333	$24,141
2023	$3,609,247	$3,491,161	$3,634,287	$118,086
2022	$3,697,780	$3,447,025	$3,708,239	$250,755
2021	$3,100,943	$2,889,977	$3,573,337	$210,966
2020	$3,220,015	$3,185,774	$3,157,095	$34,241
2019	$3,262,181	$3,415,049	$3,402,531	$-152,868
2018	$3,375,696	$3,474,658	$3,768,674	$-98,962

Kingsport Chamber Foundation Inc