SOMERSET PULASKI CO CHAMBER OF COM… - 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

1962

Legal Domicile

Principal Officer

ROBERT CLUE

Tax Period

2023-01-01 to 2023-12-31

SOMERSET PULASKI CO CHAMBER OF COMMERCE, founded in 1962, is a small nonprofit that reported $541K in total revenue in fiscal year 2023. Expenses of $508K left a modest 6% surplus.

Mission

TO OVERSEE AND PROVIDE NUMEROUS OPPORTUNITIES FOR ECONOMIC GROWTH AND DEVELOPMENT IN THE CITY OF SOMERSET AND THE PULASKI COUNTY AREA.

Program Service Accomplishments

Program 1

Expenses: $210,588

THE ORGANIZATION OVERSEES AND PROVIDES NUMEROUS OPPORTUNITIES FOR ECONOMIC GROWTH AND DEVELOPMENT IN THE CITY OF SOMERSET AND THE PULASKI COUNTY AREA.

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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 $540,700

Program Service Revenue $0

Investment Income $51

Other Revenue $0

TOTAL REVENUE $540,751

Expense Breakdown

Grants Paid $136,781

Salaries & Benefits $216,137

Fundraising Expenses $0

Program Expenses $210,588

Other Expenses $155,096

TOTAL EXPENSES $508,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$540,751	$520,154	+0.0%
Expenses	$508,014	$479,291	+0.1%
Net Income	$32,737	$40,863	-0.2%

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
DELORES DALTON	TRUSTEE	2.00	Director	$0	$0	$0
TERRI TUTTLE	TRUSTEE	2.00	Director	$0	$0	$0
DEVIN REYNOLDS	TRUSTEE	2.00	Director	$0	$0	$0
WILLIE WILSON	TRUSTEE	2.00	Director	$0	$0	$0
TROY LOVELL	1ST VICE-PRESIDENT	2.00	Director	$0	$0	$0
LAURA GLOVER	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT PARKER	TRUSTEE	0.00	Director	$0	$0	$0
HUNT PRATHER	TRUSTEE	2.00	Director	$0	$0	$0
LISA PHELPS	TRUSTEE	2.00	Director	$0	$0	$0
MATT FORD	2ND VICE-PRESIDENT	2.00	Director	$0	$0	$0
ALAN HOUCK	TRUSTEE	2.00	Director	$0	$0	$0
SHAWN DAUGHERTY	TRUSTEE	2.00	Director	$0	$0	$0
TIFFANY FINLEY	TRUSTEE	2.00	Director	$0	$0	$0
JIMMY FRANKLIN	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL CHESHIRE	IMMEDIATE PAST PRESIDENT	2.00	Director	$0	$0	$0
MARTIN HATFIELD	TRUSTEE	2.00	Director	$0	$0	$0
CHARLOTTE KEENEY	TRUSTEE	2.00	Director	$0	$0	$0
LINDA SKAARUP	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT CLUE	EXECUTIVE DIRECTOR	40.00	Officer Highest	$0	$0	$0
BILL MARSHALL	BUSINESS LIAISON	40.00	Key Emp	$0	$0	$0
JESSICA CARLTON	FINANCE DIRECTOR	40.00	Key Emp	$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	$540,751	$508,014	$647,149	$32,737
2022	$520,154	$479,291	$459,142	$40,863
2021	$451,640	$391,407	$565,353	$60,233
2020	$395,933	$375,157	$537,602	$20,776
2019	$394,446	$384,694	$503,275	$9,752
2018	$459,986	$381,775	$490,177	$78,211

SOMERSET PULASKI CO CHAMBER OF COMMERCE