BOWLING GREEN AREA CHAMBER OF COMM… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

RON BUNCH

Phone

2707813200

Tax Period

2024-01-01 to 2024-12-31

BOWLING GREEN AREA CHAMBER OF COMMERCE INC, founded in 1974, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024.

Mission

THE BOWLING GREEN AREA CHAMBER OF COMMERCE FOCUSES ITS WORK ON FOUR STRATEGIC AREAS TO IMPROVE THE BUSINESS CLIMATE AND OVERALL QUALITY OF LIFE IN SOUTH CENTRAL KENTUCKY: REGIONAL ECONOMIC DEVELOPMENT, EXISTING BUSINESS DEVELOPMENT, SERVING PARTNERSHIP NEEDS, AND ORGANIZATIONAL DEVELOPMENT.

Program Service Accomplishments

Program 1

THE CHAMBER IS THE DRIVING FORCE FOR ECONOMIC DEVELOPMENT IN SOUTH CENTRAL KENTUCKY AND IS DEDICATED TO PROMOTING THE ENTIRE REGION, UTILIZING A REGIONAL ECONOMIC DEVELOPMENT MARKETING PLAN TO AID IN...

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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 $1,218,676

Program Service Revenue $1,515,537

Investment Income $83,215

Other Revenue $16,969

TOTAL REVENUE $2,834,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,996,478

Fundraising Expenses $0

Other Expenses $952,079

TOTAL EXPENSES $2,948,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,834,397	$2,782,405	+0.0%
Expenses	$2,948,557	$2,763,266	+0.1%
Net Income	$-114,160	$19,139	-7.0%

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

550

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

$394,434

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD MATTHEWS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PHIL NEAL	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS KELLER	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
MIKE SHERROD	DIRECTOR	1.00	Director	$0	$0	$0
MONICA WARDLOW	DIRECTOR	1.00	Director	$0	$0	$0
ANDY BARKER	VICE CHAIR	1.00	Director	$0	$0	$0
MIKE BUCKETIN	DIRECTOR	1.00	Director	$0	$0	$0
BART DARRELL	DIRECTOR	1.00	Director	$0	$0	$0
RODDY GRIMES	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MILAM	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER COLEMAN BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE LAWLESS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LEE	DIRECTOR	1.00	Director	$0	$0	$0
MARK PERDUE	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON SHIRLEY	DIRECTOR	1.00	Director	$0	$0	$0
TAHIR ZUKIC	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BREIWA-SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MATT COFFEY	DIRECTOR	1.00	Director	$0	$0	$0
HILLARY HIGHTOWER	DIRECTOR	1.00	Director	$0	$0	$0
AMY CHANDLER	DIRECTOR	1.00	Director	$0	$0	$0
ROB CLAYTON	DIRECTOR	1.00	Director	$0	$0	$0
JACOB CUARTA	DIRECTOR	1.00	Director	$0	$0	$0
ZACH MASSEY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MOSLEY	DIRECTOR	1.00	Director	$0	$0	$0
RON BUNCH	PRESIDENT & CEO	40.00	Key Emp	$390,164	$4,270	$394,434

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	$2,834,397	$2,948,557	$6,117,793	$-114,160
2023	$2,782,405	$2,763,266	$6,077,388	$19,139
2022	$2,550,648	$2,302,996	$6,136,264	$247,652
2021	$2,569,605	$2,111,283	$5,757,046	$458,322
2020	$2,302,587	$2,048,376	$5,231,292	$254,211
2019	$2,443,155	$2,418,129	$5,117,752	$25,026
2018	$2,519,719	$2,342,432	$5,059,745	$177,287

BOWLING GREEN AREA CHAMBER OF COMMERCE INC