JESSAMINE COUNTY CHAMBER OF COMMERCE INC

EIN: 610515658

NICHOLASVILLE, KY

Total Revenue
$282,722
Total Expenses
$257,860
Total Assets
$135,488
Net Assets
$133,963
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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
1984
Legal Domicile
KY
Principal Officer
RONDA MAY
Phone
8598874351
Tax Period
2023-01-01 to 2023-12-31

JESSAMINE COUNTY CHAMBER OF COMMERCE INC, founded in 1984, is a small nonprofit that reported $283K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $258K left a modest 9% surplus.

Mission

PROMOTING LOCAL BUSINESSES

Program Service Accomplishments

Program 1

CHAMBER EXISTS TO PROVIDE EDUCATIONAL AND NETWORK BENEFITS TO MEMBERS AND EXTENDING THESE BENEFITS TO OTHER JESSAMINE COUNTY BUISNESSES AND INDUSTRIES BY PROMOTING THE TOTAL BUSINESS ENVIRONMENT OF...

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CHAMBER EXISTS TO PROVIDE EDUCATIONAL AND NETWORK BENEFITS TO MEMBERS AND EXTENDING THESE BENEFITS TO OTHER JESSAMINE COUNTY BUISNESSES AND INDUSTRIES BY PROMOTING THE TOTAL BUSINESS ENVIRONMENT OF JESSAMINE COUNTY.

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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 $101,880
Program Service Revenue $178,426
Investment Income $338
Other Revenue $2,078
TOTAL REVENUE $282,722

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,333
Fundraising Expenses $0
Other Expenses $161,527
TOTAL EXPENSES $257,860

Year-over-Year Comparison

2023 2022 Change
Revenue $282,722 $211,778 +0.3%
Expenses $257,860 $212,856 +0.2%
Net Income $24,862 $-1,078 -24.1%
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

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Governance

Voting Members
15
Independent Members
15
Employees
2
Volunteers
30

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
3
$56,477
Total Directors
16
$56,477
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONDA MAY EXECUTIVE DI 40.00
Officer Director
$56,477 $0 $56,477
TAMMY GOBLE DIRECTOR 2.00
Director
$0 $0 $0
JARED HAGER DIRECTOR 2.00
Director
$0 $0 $0
JERMAINE JACKSON DIRECTOR 2.00
Director
$0 $0 $0
TODD JOHNS DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE KRATZER DIRECTOR 2.00
Director
$0 $0 $0
STEVE MUSEN DIRECTOR 2.00
Director
$0 $0 $0
SARAH PAINTER DIRECTOR 2.00
Director
$0 $0 $0
JONNA PERDUE DIRECTOR 2.00
Director
$0 $0 $0
JUSTIN RAY DIRECTOR 2.00
Director
$0 $0 $0
KYLE ROE PRESIDENT 2.00
Officer Director
$0 $0 $0
CHRIS SLOAN DIRECTOR 2.00
Director
$0 $0 $0
HAZEL TEICHEN DIRECTOR 2.00
Director
$0 $0 $0
KELLY TOPONAK DIRECTOR 2.00
Director
$0 $0 $0
JOE WILDER TREASURER 2.00
Officer Director
$0 $0 $0
BRIAN YOUNG DIRECTOR 2.00
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 $282,722 $257,860 $135,488 $24,862
2022 $211,778 $212,856 $110,624 $-1,078
2021 $208,153 $178,171 $110,697 $29,982
2020 $158,071 $163,182 $81,332 $-5,111
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