HENDERSON - HENDERSON COUNTY CHAMBER OF COMMERCE INC (EIN 610463069) - 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

2014

Legal Domicile

Principal Officer

ERIC GARDNER

Phone

2708267505

Tax Period

2023-01-01 to 2023-12-31

HENDERSON - HENDERSON COUNTY CHAMBER OF COMMERCE INC, founded in 2014, is a small nonprofit that reported $528K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

THE HENDERSON CHAMBER OF COMMERCE PROVIDES INFORMATION, SERVICES, AND ADVOCACY EXPERTISE FOR THE BUSINESS AND GOVERNMENTS OF HENDERSON, UNION, WEBSTER, AND MCLEAN COUNTIES. IT SERVES AS THE CHAMBER OF COMMERCE FOR HENDERSON COUNTY, BUT ALSO PARTNERS WITH CHAMBERS IN THE OTHER THREE COUNTIES TO HELP IN BUSINESS SUPPORT ACTIVITIES. THE CHAMBER IS THE LEAD INDUSTRIAL RECRUITMENT AND EXPANSION ASSISTANCE ORGANIZATION FOR ALL FOUR COUNTIES.

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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 $306,972

Program Service Revenue $216,704

Investment Income $4,367

Other Revenue $0

TOTAL REVENUE $528,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,370

Fundraising Expenses $0

Other Expenses $294,956

TOTAL EXPENSES $555,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$528,043	$448,849	+0.2%
Expenses	$555,326	$476,848	+0.2%
Net Income	$-27,283	$-27,999	0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MICHELLE CHAPPELL	VICE CHAIR E	N/A	Officer Director	$0	$0	$0
GREG RISCH	DIRECTOR	N/A	Director	$0	$0	$0
DOUG LAWSON	VICE CHAIR G	N/A	Officer Director	$0	$0	$0
DR KATE BAKER	DIRECTOR	N/A	Director	$0	$0	$0
LIZ THOMAS	TREASURER	N/A	Officer Director	$0	$0	$0
LIN SHANNON	PAST BOARD C	N/A	Officer Director	$0	$0	$0
ERIC GARDNER	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
DR KATY MUSSATT	CHAIR-ELECT	N/A	Officer Director	$0	$0	$0
KELSEY HARGIS	VICE CHAIR O	N/A	Officer Director	$0	$0	$0
LINDA WHITE	DIRECTOR	N/A	Director	$0	$0	$0
KIM HUMPHREY	DIRECTOR	N/A	Director	$0	$0	$0
MISSY VANDERPOOL	DIRECTOR	N/A	Director	$0	$0	$0
ABBY DIXON	DIRECTOR	N/A	Director	$0	$0	$0
MR JEFF TROXEL	DIRECTOR	N/A	Director	$0	$0	$0
JEFF JUSTICE	SWIN CHAMBER	N/A	Director	$0	$0	$0
JOHN LAMB	DIRECTOR	N/A	Director	$0	$0	$0
JOEY JAMESON	DIRECTOR	N/A	Director	$0	$0	$0
JT PAYNE	VICE CHAIR A	N/A	Officer 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	No data	No data	No data	No data
2023	$528,043	$555,326	$295,139	$-27,283
2022	$448,849	$476,848	$329,322	$-27,999
2021	$317,281	$288,629	$228,281	$28,652
2020	$329,315	$333,847	$160,586	$-4,532
2019	$607,202	$973,695	$895,331	$-366,493
2018	$480,454	$919,675	$1,254,662	$-439,221

HENDERSON - HENDERSON COUNTY CHAMBER OF COMMERCE INC