GREATER OWENSBORO CHAMBER OF COMMERCE INC (EIN 610299925) - 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

1950

Legal Domicile

Principal Officer

CANDANCE BRAKE

Phone

2709261860

Tax Period

2023-01-01 to 2023-12-31

GREATER OWENSBORO CHAMBER OF COMMERCE INC, founded in 1950, is a small nonprofit that reported $885K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

PROVIDING LEADERSHIP, ADVOCACY AND MEMBER SERVICES THAT FOSTER GROWTH AND ECONOMIC PROSPERITY FOR OUR REGION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $341,893

Program Service Revenue $494,536

Investment Income $2,312

Other Revenue $46,138

TOTAL REVENUE $884,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $452,893

Fundraising Expenses $0

Program Expenses $606,697

Other Expenses $492,763

TOTAL EXPENSES $945,656

Year-over-Year Comparison

	2023	2022	Change
Revenue	$884,879	$985,477	-0.1%
Expenses	$945,656	$999,300	-0.1%
Net Income	$-60,777	$-13,823	+3.4%

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

$178,657

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAY FORD	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
BRENDA CLAYTON	PAST-CHAIR	0.00	Director	$0	$0	$0
MICHAEL JOHNSON	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
JOAN HAYDEN	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
OLGA MCKISSIC	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
MARK MARSH	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
MATT HAYDEN	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
SUSAN MONTALVO-GESSER	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
JOANNA SHAKE	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
FATHER LARRY HOSTETTER	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
CHRIS CASTLEN	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
SHAWN PATTERSON	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
WANDA FIGUEROA PERALTA	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
JOHN MARSHALL MOORE	CHAIR ELECT	0.00	Director	$0	$0	$0
SARAH MURPHY FORD	CHAIR	0.00	Director	$0	$0	$0
BOB GLENN	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
BART DARELL	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
DR THOMAS MITZEL	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
TOM ED BOOTH	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
SUZANNE CECIL WHITE	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
KYLE AUD	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
ELLEN EBELHAR	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
CANDANCE BRAKE	PRESIDENT AND CEO	40.00	Officer	$151,357	$27,300	$178,657

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	No data	No data	No data	No data
2023	$884,879	$945,656	$1,140,442	$-60,777
2022	$985,477	$999,300	$1,236,411	$-13,823
2021	$941,875	$863,630	$959,124	$78,245
2020	$862,028	$790,780	$840,366	$71,248
2019	$947,133	$935,911	$792,816	$11,222
2018	$861,668	$843,226	$696,905	$18,442

GREATER OWENSBORO CHAMBER OF COMMERCE INC