Hoover Chamber of Commerce DBA HOOVER AREA CHAMBER OF COMMERCE

EIN: 590751597

Hoover, AL

Total Revenue
$595,442
Total Expenses
$753,517
Total Assets
$251,805
Net Assets
$-149,280
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
AL
Phone
2059885672
Tax Period
2024-01-01 to 2024-12-31

HOOVER CHAMBER OF COMMERCE, founded in 1978, is a small nonprofit that reported $411K in total revenue in fiscal year 2018. Revenue decreased 15% compared to the prior year.

Mission

THE MISSION OF THE HOOVER AREA CHAMBER OF COMMERCE IS TO SERVE AS A CATALYST FOR ECONOMIC GROWTH BY FOSTERING COOPERATIVE PARTNERSHIPS AND ADVOCATING FOR OUR STAKEHOLDERS. THE VISION OF THE CHAMBER IS FOR THE HOOVER AREA TO BE A LEADER IN THE METROPOLITAN AREA COMMUNITY,

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $265,617
Program Service Revenue $322,661
Investment Income $7,164
Other Revenue $0
TOTAL REVENUE $595,442

Expense Breakdown

Grants Paid $0
Salaries & Benefits $223,346
Fundraising Expenses $0
Program Expenses $625,012
Other Expenses $530,171
TOTAL EXPENSES $753,517

Year-over-Year Comparison

2024 2023 Change
Revenue $595,442 $549,130 +0.1%
Expenses $753,517 $706,041 +0.1%
Net Income $-158,075 $-156,911 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
19
Independent Members
19
Employees
4
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
$74,110
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nanette Baldwin President & CEO 40.00
Officer
$74,110 $0 $74,110
Keith Barfield Treasurer 2.00
Officer Director
$0 $0 $0
Johnathan Carter Trustee 1.00
Director
$0 $0 $0
Aaron Dettling Trustee 1.00
Director
$0 $0 $0
Shannon Driver Trustee 1.00
Director
$0 $0 $0
Kimberly Jackson Trustee 2.00
Officer Director
$0 $0 $0
Kelvin Johnson Trustee 1.00
Director
$0 $0 $0
Greg Knighton Trustee 1.00
Director
$0 $0 $0
Tyler Lipe Trustee 1.00
Director
$0 $0 $0
Vivian Mora Trustee 1.00
Director
$0 $0 $0
Derrick Murphy Trustee 1.00
Director
$0 $0 $0
Cori Perdue Trustee 1.00
Director
$0 $0 $0
Rohen Porbanderwala Chairman 3.00
Officer Director
$0 $0 $0
Lynn Ray Trustee 1.00
Director
$0 $0 $0
Sanjay Patel Trustee 1.00
Director
$0 $0 $0
Kim Starling Secretary 2.00
Officer Director
$0 $0 $0
Tyler Williams Trustee 1.00
Director
$0 $0 $0
James Robinson Trustee 1.00
Director
$0 $0 $0
Tom Micelotta Interim Pres/CEO (Jan to July24) 40.00
$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 $595,442 $753,517 $251,805 $-158,075
2023 $549,130 $706,041 $341,094 $-156,911
2022 $406,489 $528,412 $331,782 $-121,923
2021 $468,733 $486,780 $441,320 $-18,047
2020 $326,899 $312,589 $462,774 $14,310
2019 $410,404 $416,333 $300,912 $-5,929
2018 $410,614 $451,343 $299,986 $-40,729
Explore More Nonprofits
Top 100 Nonprofits in Alabama Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Hoover Chamber of Commerce DBA HOOVER AREA CHAMBER OF COMMERCE with other nonprofits in Alabama and across the country.