BANKS COUNTY CHAMBER CVB INC (EIN 582636317) - 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

2001

Legal Domicile

Phone

7063354866

Tax Period

2024-01-01 to 2024-12-31

BANKS COUNTY CHAMBER CVB INC, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $405K in total revenue in fiscal year 2024. Expenses of $375K left a modest 7% surplus.

Mission

MISSION IS TO PROMOTE EXISTING BUSINESS, NEW BUSINESS AND AGRICULTURAL OPPORTUNITIES. PROMOTE, FURTHER DEVELOP AND SUPPORT THE TOURIST INDUSTRY IN BANKS COUNTY AND ACT TO ENHANCE THE ECONOMIC GROWTH AND WELL BEING OF THE BANKS COUNTY COMMUNITY.

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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 $360,686

Program Service Revenue $7,000

Investment Income $36,913

Other Revenue $0

TOTAL REVENUE $404,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,401

Fundraising Expenses $0

Program Expenses $190,754

Other Expenses $264,497

TOTAL EXPENSES $374,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$404,599	$381,047	+0.1%
Expenses	$374,898	$213,112	+0.8%
Net Income	$29,701	$167,935	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM LEDFORD	DIRECTOR	5.00	Director	$0	$0	$0
CAROL AYERS	DIRECTOR	5.00	Director	$0	$0	$0
JUDY MCCLURE	DIRECTOR	5.00	Director	$0	$0	$0
JEFF LEWALLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLES TURK	BOARD MEMBER	2.00	Director	$0	$0	$0
LAURA JACKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
BECKY CARLAN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HOUSWORTH	DIRECTOR	2.00	Director	$0	$0	$0
JEREMY SPRADLIN	DIRECTOR	2.00	Director	$0	$0	$0
CAROL WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
ALICIA ANDREWS	EXECUTIVE DIRECTOR	40.00	Key Emp	$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	$404,599	$374,898	$1,582,926	$29,701
2023	$381,047	$213,112	$1,552,217	$167,935
2022	$405,880	$210,517	$1,384,252	$195,363
2021	$354,192	$246,422	$1,289,899	$107,770
2020	$296,747	$247,039	$1,081,014	$49,708
2019	$287,738	$175,370	$1,079,570	$112,368
2018	$246,962	$127,197	$966,767	$119,765

BANKS COUNTY CHAMBER CVB INC