GLASGOW BARREN COUNTY CHAMBER OF COMMERCE (EIN 610203925) - 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

1945

Legal Domicile

Principal Officer

MAUREEN CARPENTER

Phone

2706513161

Tax Period

2024-01-01 to 2024-12-31

GLASGOW BARREN COUNTY CHAMBER OF COMMERCE, founded in 1945, is a small nonprofit that reported $594K in total revenue in fiscal year 2024. Expenses of $573K left a modest 3% surplus.

Mission

TO ENCOURAGE DEVELOPMENT IN GLASGOW & BARREN COUNTY, KENTUCKY THROUGH ORGANIZATIONAL DEVELOPMENT, COMMUNITY DEVELOPMENT AND BUSINESS DEVELOPMENT.

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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 $205,765

Program Service Revenue $151,594

Investment Income $13,200

Other Revenue $222,998

TOTAL REVENUE $593,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $421,768

Fundraising Expenses $0

Program Expenses $259,352

Other Expenses $151,620

TOTAL EXPENSES $573,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$593,557	$599,130	0.0%
Expenses	$573,388	$569,654	+0.0%
Net Income	$20,169	$29,476	-0.3%

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

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

$193,595

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN CARPENTER	PRESIDENT/CE	40.00	Officer	$183,077	$10,518	$193,595
SCOTT KERLEY	IMMEDIATE PA	1.50	Officer Director	$0	$0	$0
MATT LONDON	CHAIRMAN	3.00	Officer Director	$0	$0	$0
NICOLE RANDALL	CHAIR ELECT	1.50	Officer Director	$0	$0	$0
CHEYANNE FANT	VICE-CHAIR	1.50	Officer Director	$0	$0	$0
KATIE BILLINGSLEY	DIRECTOR	1.00	Director	$0	$0	$0
KIM GLASS	DIRECTOR	1.00	Director	$0	$0	$0
KOLE WILKINSON	DIRECTOR	1.00	Director	$0	$0	$0
MATT COMPTON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
REGINA MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN OWEN	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR PHILLIPS	SECOND VICE	1.50	Director	$0	$0	$0
JIM LEE	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER STREIBLE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HOUCHENS	DIRECTOR	1.00	Director	$0	$0	$0
ALE GOMEZ	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE HARLAN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MYATT	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN PACK	LEGAL ADVISO	1.00	Director	$0	$0	$0
JANIS TURNER	SECRETARY/TR	1.50	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	$593,557	$573,388	$305,430	$20,169
2023	$599,130	$569,654	$278,515	$29,476
2022	$667,140	$512,408	$259,464	$154,732
2021	$216,951	$258,788	$84,607	$-41,837
2020	$270,366	$243,851	$103,733	$26,515

GLASGOW BARREN COUNTY CHAMBER OF COMMERCE