HENDERSONVILLE CHAMBER FOUNDATION (EIN 581659219) - 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

1985

Legal Domicile

Principal Officer

DANIEL PALO

Phone

6155370314

Tax Period

2023-09-01 to 2024-08-31

HENDERSONVILLE CHAMBER FOUNDATION, founded in 1985, is a small nonprofit that reported $385K in total revenue in fiscal year 2023. Revenue surged 1556% from the prior year, signaling strong growth momentum.

Mission

SUPPORT TO EDUCATIONAL INSTITUTIONS INCLUDING SCHOLARSHIPS.

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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 $389,415

Program Service Revenue $0

Investment Income $15

Other Revenue $-4,312

TOTAL REVENUE $385,118

Expense Breakdown

Grants Paid $397,685

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $409,041

Other Expenses $11,356

TOTAL EXPENSES $409,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$385,118	$23,259	+15.6%
Expenses	$409,041	$40,201	+9.2%
Net Income	$-23,923	$-16,942	+0.4%

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

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN HAWKINS	PRESIDENT	40.00	Officer Director	$0	$0	$0
HILARY MARABETI	BOARD CHAIR	0.00	Officer Director	$0	$0	$0
DANIEL PALO	TREASURER	0.00	Officer Director	$0	$0	$0
STEVE BOTTS	DIRECTOR	0.00	Director	$0	$0	$0
KARA BRUMLEY	DIRECTOR	0.00	Director	$0	$0	$0
LINDY GAUGHAN	DIRECTOR	0.00	Director	$0	$0	$0
KORI LANGFORD	DIRECTOR	0.00	Director	$0	$0	$0
DR CHARLES LEA	DIRECTOR	0.00	Director	$0	$0	$0
CHRIS RIPPY	DIRECTOR	0.00	Director	$0	$0	$0
LILE ROGERS	DIRECTOR	0.00	Director	$0	$0	$0
MAGGIE PANTER	DIRECTOR	0.00	Director	$0	$0	$0
JENNIFER SMITH	DIRECTOR	0.00	Director	$0	$0	$0
CHASE MOORE	DIRECTOR	0.00	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	$385,118	$409,041	$553,562	$-23,923
2023	$23,259	$40,201	$580,766	$-16,942
2022	$46,423	$28,894	$600,428	$17,529
2021	$15,880	$10,995	$579,703	$4,885
2020	$30,335	$40,653	$595,964	$-10,318
2019	$23,252	$10,437	$648,314	$12,815

HENDERSONVILLE CHAMBER FOUNDATION