HARDIN COUNTY CHAMBER OF COMMERCE

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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

1960

Legal Domicile

Principal Officer

KENDRA SCOTT

Phone

2707654334

Tax Period

2023-07-01 to 2024-06-30

HARDIN COUNTY CHAMBER OF COMMERCE, founded in 1960, is a small nonprofit that reported $536K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $475K left a modest 11% surplus.

Mission

PROMOTE BUSINESS IN HARDIN COUNTY

Program Service Accomplishments

Program 1

ORGANIZATION WAS ABLE TO PROVIDE NEWSLETTERS TO MEMBERS, REDUCED RATES TO MEMBERS, USE OF THE ORGANIZATION'S FACILITIES AND DISCOUNTS ON SERVICES THAT MEMBERS CAN BUY.

Program 2

ORGANIZATION HELD A GOLF SCRAMBLE TO PROMOTE BUSINESS IN HARDIN COUNTY. THE SCRAMBLE ALLOWED BUSINESS OWNERS TO NETWORK AND PROMOTE THEIR BUSINESS.

Program 3

ORGANIZATION HOLDS A MONTHLY LUNCHEON TO HELP PROMOTE BUSINESS IN HARDIN COUNTY. LUNCHEON ALLOWS MEMBERS THE OPPORTUNITY TO NETWORK AND PROMOTE THEIR GOODS OR SERVICES TO ONE ANOTHER.

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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 $0

Program Service Revenue $508,787

Investment Income $10,458

Other Revenue $16,387

TOTAL REVENUE $535,632

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $209,823

Fundraising Expenses $0

Other Expenses $262,766

TOTAL EXPENSES $474,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$535,632	$588,437	-0.1%
Expenses	$474,589	$529,861	-0.1%
Net Income	$61,043	$58,576	+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

$103,602

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGY POORMAN	PRESIDENT	50.00	Officer	$103,602	$0	$103,602
R TERRY BENNETT	ATTORNEY	2.00	Director	$0	$0	$0
CHRIS CARTER	ACCOUNTANT	2.00	Director	$0	$0	$0
CHRISTY GORDON	DIRECTOR	2.00	Director	$0	$0	$0
JOSH HUBBARD	CHAIR	2.00	Officer Director	$0	$0	$0
DEENA LONDON	SECRETARY	2.00	Officer Director	$0	$0	$0
JIM OWEN	DIRECTOR	2.00	Director	$0	$0	$0
MELANIE PARKER	DIRECTOR	2.00	Director	$0	$0	$0
JUSTON PATE	DIRECTOR	2.00	Director	$0	$0	$0
CHAD SARVER	TREASURER	2.00	Officer Director	$0	$0	$0
TRACY SCHILLER	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
PHILIP TABB	PAST CHAIR	2.00	Officer Director	$0	$0	$0
KENDRA SCOTT	PRESIDENT	50.00	Officer	$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
2025	No data	No data	No data	No data
2024	$535,632	$474,589	$451,086	$61,043
2023	$588,437	$529,861	$393,933	$58,576
2022	$418,458	$376,748	$276,850	$41,710
2022	$418,458	$376,748	$334,638	$41,710
2021	$338,964	$309,141	$308,969	$29,823
2021	$338,964	$260,521	$366,757	$78,443
2020	$375,220	$367,446	$203,547	$7,774
2019	$418,516	$433,834	$198,913	$-15,318
2018	$444,596	$424,747	$215,636	$19,849