LOUISVILLE AREA CHAMBER OF COMMERCE INC

EIN: 610434089

LOUISVILLE, KY

Total Revenue
$6,051,992
Total Expenses
$6,051,570
Total Assets
$8,187,731
Net Assets
$3,684,979
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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
KY
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.

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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%)

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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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Governance

Voting Members
60
Independent Members
60
Employees
39
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
6
$407,362
Total Directors
60
$0
Key Employees
0
$0
Highest Compensated
1
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
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