LOUISVILLE AREA CHAMBER OF COMMERC… - 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

1949

Legal Domicile

Principal Officer

SARAH DAVASHER-WISDOM

Phone

5026250000

Tax Period

2023-01-01 to 2023-12-31

LOUISVILLE AREA CHAMBER OF COMMERCE INC, founded in 1949, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

ACCELERATE ECONOMIC GROWTH, JOB CREATION AND BUSINESS COMPETITIVENESS IN THE GREATER LOUISVILLE REGION.

Program Service Accomplishments

Program 1

Expenses: $1,223,944 Revenue: $1,087,697

THE CHAMBER PROVIDES ITS MEMBERS AND THE COMMUNITY WITH MEMBERSHIP, EVENTS AND MEETINGS, ADVOCACY, RESOURCES AND PUBLICATIONS, BUSINESS NETWORKING, COST SAVINGS PROGRAMS AND SMALL BUSINESS RESOURCES.

Program 2

Expenses: $2,574,501 Revenue: $417,450

THE CHAMBER PROVIDES ECONOMIC GROWTH ASSISTANCE TO ITSMEMBERS AND THE COMMUNITY, INCLUDING BUSINESS ATTRACTION, TALENTATTRACTION AND RETENTION PROGRAMS (INCLUDING LOW COST TALENT RECRUITING...

THE CHAMBER PROVIDES ECONOMIC GROWTH ASSISTANCE TO ITSMEMBERS AND THE COMMUNITY, INCLUDING BUSINESS ATTRACTION, TALENTATTRACTION AND RETENTION PROGRAMS (INCLUDING LOW COST TALENT RECRUITING PROGRAMS), WORKFORCE DEVELOPMENT, EDUCATIONAL ATTAINMENT, REGIONAL, STATISTICS AND INDUSTRY SPECIFIC NETWORKS.

Program 3

Expenses: $422,050 Revenue: $170,973

THE CHAMBER PROVIDES ENTERPRISE DEVELOPMENT ASSISTANCE TO ITS MEMBERS AND THE COMMUNITY, INCLUDING MWBE AND SMALL BUSINESS ASSISTANCE, TECHNOLOGY COMMERCIALIZATION, PRIVATE EQUITY FUNDING SOURCES...

THE CHAMBER PROVIDES ENTERPRISE DEVELOPMENT ASSISTANCE TO ITS MEMBERS AND THE COMMUNITY, INCLUDING MWBE AND SMALL BUSINESS ASSISTANCE, TECHNOLOGY COMMERCIALIZATION, PRIVATE EQUITY FUNDING SOURCES, BUSINESS NETWORKING AND EDUCATAIONAL PROGRAMS.

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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 $3,853,473

Program Service Revenue $1,676,120

Investment Income $193,913

Other Revenue $328,486

TOTAL REVENUE $6,051,992

Expense Breakdown

Grants Paid $38,559

Salaries & Benefits $3,367,075

Fundraising Expenses $0

Program Expenses $4,220,495

Other Expenses $2,645,936

TOTAL EXPENSES $6,051,570

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,051,992	$5,473,509	+0.1%
Expenses	$6,051,570	$5,313,836	+0.1%
Net Income	$422	$159,673	-1.0%

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

1275

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

$407,362

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL COX	CHAIRMAN	3.00	Officer Director	$0	$0	$0
CONDRAD DANIELS	CHAIRMAN ELECT	3.00	Officer Director	$0	$0	$0
PURNA VEER	IMMEDIATE PAST CHAIR	3.00	Officer Director	$0	$0	$0
GREG EHRHARD	SECRETARY AND LEGAL COUNSEL	3.00	Officer Director	$0	$0	$0
BRADLEY SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
ALEX ALVAREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
CLIFF ASHBURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
TAWANA BAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BECK	BOARD MEMBER	1.00	Director	$0	$0	$0
LONNIE BELLAR	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA BENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SPENCER BRUCE	BOARD MEMBER	1.00	Director	$0	$0	$0
GABBY BRUNO	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN BYRD	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA CANADAY	BOARD MEMBER	1.00	Director	$0	$0	$0
JAKE CANNON	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLE CHRISTIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GERARD COLMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN DONOVAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER EBERLE	BOARD MEMBER	1.00	Director	$0	$0	$0
LES FUGATE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE GAULT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIAH GRATZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DEMETRIUS GRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY HALBAUER	BOARD MEMBER	1.00	Director	$0	$0	$0
TY HANDY	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS HEISHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BETSY JANES	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE JEROME	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM JOSEPH	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEILA KAVANAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
TIFFANY KELLEY-JENKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK KIRCHDORFER	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA KNAPEK	BOARD MEMBER	1.00	Director	$0	$0	$0
LANCE MANN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MEGIBBEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA NALLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE OYLER	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY PARROTT	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL PIKE	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIP POINDEXTER	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA QUESADA	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDAN REBER	BOARD MEMBER	1.00	Director	$0	$0	$0
KENDRICK RIGGS	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLOS SANCHEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY SCHATZEL	BOARD MEMBER	1.00	Director	$0	$0	$0
CAMILLA SCHROEDER	BOARD MEMBER	1.00	Director	$0	$0	$0
LESA SEIBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD SEIGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT SHOENBERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
EVON SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES STRANGE	BOARD MEMBER	1.00	Director	$0	$0	$0
KENT SUITERS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID TATE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE VENTURA	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS WARD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARKUS WINKLER	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN WISE	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE YATES	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMMY YORK DAY	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH DAVASHER-WISDOM	PRESIDENT AND CEO	40.00	Officer	$375,324	$32,038	$407,362
REBECCA WOOD	CHIEF OPERATING OFFICER	40.00	Highest	$225,000	$7,623	$232,623

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	$6,051,992	$6,051,570	$8,187,731	$422
2022	$5,473,509	$5,313,836	$5,033,286	$159,673
2021	$5,726,033	$4,803,089	$4,510,911	$922,944
2020	$4,559,264	$4,177,220	$3,393,113	$382,044
2019	$6,237,772	$6,378,428	$3,474,907	$-140,656
2018	$7,428,480	$6,063,812	$3,605,646	$1,364,668

LOUISVILLE AREA CHAMBER OF COMMERCE INC