COMMERCE LEXINGTON INC (EIN 610258800) - 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

1942

Legal Domicile

Principal Officer

ROBERT QUICK

Phone

8592544447

Tax Period

2024-01-01 to 2024-12-31

COMMERCE LEXINGTON INC, founded in 1942, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2024. Expenses of $5.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO REPRESENT OUR MEMBERS, CREATING THE ENVIRONMENT AND OPPORTUNITY FOR ECONOMIC PROSPERITY AND QUALITY LIVING IN CENTRAL KENTUCKY

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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 $2,763,406

Program Service Revenue $1,690,447

Investment Income $121,438

Other Revenue $231,217

TOTAL REVENUE $4,806,508

Expense Breakdown

Grants Paid $433,655

Salaries & Benefits $2,588,640

Fundraising Expenses $0

Program Expenses $5,393,021

Other Expenses $2,370,725

TOTAL EXPENSES $5,393,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,806,508	$4,585,100	+0.0%
Expenses	$5,393,020	$4,655,848	+0.2%
Net Income	$-586,512	$-70,748	+7.3%

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

$284,382

Total Directors

$284,382

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT L QUICK	PRESIDENT & CEO	40.00	Officer Director	$252,769	$31,613	$284,382
KEEANA BOARMAN	GENERAL COUNSEL	1.00	Officer Director	$0	$0	$0
CASSIDY ROSENTHAL	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
DEBBIE SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
BRANDEN GROSS	AT-LARGE MEMBER	1.00	Director	$0	$0	$0
CARLA BLANTON	BOARD CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
LUTHER DEATON	VICE CHAIR, ECONOMIC DEVELOPMENT	1.00	Officer Director	$0	$0	$0
DARYL SMITH	AT-LARGE MEMBER	1.00	Officer Director	$0	$0	$0
TOA GREEN	VICE CHAIR, LEADERSHIP DEVELOPMENT	1.00	Officer Director	$0	$0	$0
STEPHANIE BELL	AT-LARGE MEMBER	1.00	Officer Director	$0	$0	$0
LARRY FORESTER	VICE CHAIR, COMMUNITY & MINORITY BUSINESS DEVELOPM	1.00	Officer Director	$0	$0	$0
NICK NICHOLSON	VICE CHAIR, PUBLIC POLICY & REGIONAL ENGAGEMENT	1.00	Officer Director	$0	$0	$0
KEVIN ATKINS	LFUCG REPRESENTATIVE	1.00	Officer Director	$0	$0	$0
JOHN MAHAN	REGIONAL REPRESENTATIVE	1.00	Officer Director	$0	$0	$0
TUCKER BALLINGER	VICE CHAIR, BUSINESS & EDUCATION NETWORK	1.00	Officer Director	$0	$0	$0
DANNY MURPHY	VICE CHAIR, MEMBERSHIP AND ENGAGEMENT	1.00	Officer Director	$0	$0	$0
JONATHAN CALDWELL	VICE CHAIR, COMMUNICATIONS	1.00	Officer Director	$0	$0	$0
STEVE BYARS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
GINA GREATHOUSE	EXECUTIVE VICE PRESIDENT	40.00	Highest	$166,063	$16,110	$182,173
LYNDA BEBROWSKY	EXECUTIVE VICE PRESIDENT,	40.00	Highest	$135,929	$14,540	$150,469
ANDI JOHNSON	CHIEF POLICY OFFICER & DIR	40.00	Highest	$151,825	$15,056	$166,881
TYRONE TYRA	SENIOR VICE PRESIDENT, COM	40.00	Highest	$126,720	$14,051	$140,771
LISA D MAHAN	VICE PRESIDENT OF STRATEGIC PARTNERSHIPS	40.00	Highest	$127,152	$14,297	$141,449

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	$4,806,508	$5,393,020	$6,076,860	$-586,512
2023	$4,585,100	$4,655,848	$7,136,220	$-70,748
2022	$4,156,532	$4,303,935	$6,824,695	$-147,403
2021	$4,699,929	$3,695,690	$6,530,794	$1,004,239
2020	$3,268,529	$2,984,121	$5,766,494	$284,408
2019	$4,082,768	$3,970,136	$5,702,180	$112,632
2018	$4,025,395	$3,965,985	$5,638,656	$59,410

COMMERCE LEXINGTON INC