Cobb County Chamber of Commerce Foundation Inc

EIN: 581492846 501(c)(3) Community Improvement

Atlanta, GA

Total Revenue
$1,274,079
Total Expenses
$1,081,675
Total Assets
$2,614,838
Net Assets
$2,524,513
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
GA
Principal Officer
SHARON MASON
Phone
7709802000
Tax Period
2023-01-01 to 2023-12-31

Cobb County Chamber of Commerce Foundation Inc, founded in 1942, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $192K, a strong 15% operating margin.

Mission

to support the cobb county chamber of commerce, inc. in accomplishing community development in the cobb county, georgia area.

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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 $589,607
Program Service Revenue $473,905
Investment Income $236,087
Other Revenue $-25,520
TOTAL REVENUE $1,274,079

Expense Breakdown

Grants Paid $104,100
Salaries & Benefits $332,266
Fundraising Expenses $6,645
Program Expenses $1,061,739
Other Expenses $645,309
TOTAL EXPENSES $1,081,675

Year-over-Year Comparison

2023 2022 Change
Revenue $1,274,079 $564,863 +1.3%
Expenses $1,081,675 $997,271 +0.1%
Net Income $192,404 $-432,408 -1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
5
Volunteers
11

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
4
$325,548
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sharon Mason Chamber President & CEO 10.0
Officer
$0 $32,292 $325,548
Michele Howard EVP, Leadership Dev. & Program 10.0
Highest
$0 $19,473 $166,712
AMY SELBY EVP, MARKETING & COMMUNICATION 4.0
Highest
$0 $11,019 $141,497
Terry DeWitt Foundation Board Chair 1.0
Officer Director
$0 $0 $0
Jeff Fucito Treasurer 1.0
Officer Director
$0 $0 $0
GREG TEAGUE CHAMBER BOARD CHAIR 1.0
Officer Director
$0 $0 $0
CHARLIE BARNWELL AT-LARGE MEMBER 1.0
Director
$0 $0 $0
GARY BOTTOMS AT-LARGE MEMBER 1.0
Director
$0 $0 $0
KEVAN ESPY AT-LARGE MEMBER 1.0
Director
$0 $0 $0
John Loud At-Large Member 1.0
Director
$0 $0 $0
MIKE PLANT 2024 CHAMBER BOARD CHAIR ELECT 1.0
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 $1,274,079 $1,081,675 $2,614,838 $192,404
2022 $564,863 $997,271 $2,415,252 $-432,408
2021 $1,012,682 $858,484 $2,838,524 $154,198
2020 $890,770 $1,512,105 $2,739,094 $-621,335
2019 $2,529,865 $1,888,735 $3,283,966 $641,130
2018 $1,113,237 $1,035,176 $2,619,035 $78,061
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