NORTHERN KENTUCKY CHAMBER OF COMMERCE

EIN: 610679408

FT MITCHELL, KY

Total Revenue
$2,743,093
Total Expenses
$2,793,493
Total Assets
$2,179,216
Net Assets
$490,184
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
KY
Principal Officer
BRENT COOPER
Phone
8595788800
Tax Period
2023-09-01 to 2024-08-31

NORTHERN KENTUCKY CHAMBER OF COMMERCE, founded in 1969, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO PROMOTE AND SUPPORT THE DEVELOPMENT OF STRONG BUSINESSES AND A VIBRANT ECONOMY IN THE NORTHERN KENTUCKY REGION THROUGH LEADERSHIP AND ADVOCACY, RESULTING IN A BETTER QUALITY OF LIFE FOR ALL. OUR VISION IS TO BE THE PREMIER MEMBERSHIP ORGANIZATION DRIVING NORTHERN KENTUCKY'S PURSUIT TO BE A WORLD-CLASS REGION IN WHICH TO START, DEVELOP AND GROW THRIVING BUSINESSES. THE NKY CHAMBER BELIEVES THE PRESENCE, CONTRIBUTIONS, AND PERSPECTIVES OF ALL ARE ESSENTIAL TO BUILDING A THRIVING AND INCLUSIVE BUSINESS COMMUNITY.

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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 $54,675
Program Service Revenue $2,153,859
Investment Income $168,003
Other Revenue $366,556
TOTAL REVENUE $2,743,093

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,667,455
Fundraising Expenses $0
Other Expenses $1,126,038
TOTAL EXPENSES $2,793,493

Year-over-Year Comparison

2023 2022 Change
Revenue $2,743,093 $2,640,787 +0.0%
Expenses $2,793,493 $2,795,780 0.0%
Net Income $-50,400 $-154,993 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
45
Independent Members
45
Employees
22
Volunteers
1100

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
12
$470,068
Total Directors
46
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HAWKINS ELECTED MEMBER-CHAIR OF BOARD 1.00
Officer Director
$0 $0 $0
JASON PAYNE ELECTED MEMBER-CHAIR ELECT & TREASURER 1.00
Officer Director
$0 $0 $0
KRISTEN SMITHERMAN-VOLTAIRE STANDING MEMBER-VICE CHAIR INCL BUS STRAT 1.00
Officer Director
$0 $0 $0
DAVID KAY STANDING MEMBER-VICE CHAIR LEADERSHIP 1.00
Officer Director
$0 $0 $0
MELISSA LUTZ STANDING MEMBER-VICE CHAIR MEMBERSHIP 1.00
Officer Director
$0 $0 $0
MIKE BALLENGER STANDING MEMBER-VICE CHAIR NKYP 1.00
Officer Director
$0 $0 $0
GERALYN ISLER STANDING MEMBER-TREASURER 1.00
Officer Director
$0 $0 $0
JAY WUEST STANDING MEMBER-SECRETARY 1.00
Officer Director
$0 $0 $0
GARREN COLVIN STANDING MEMBER-IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
JOHN MULLER STANDING MEMBER-ADVOCACY 1.00
Director
$0 $0 $0
MICHAEL HALL STANDING MEMBER-WORKFORCE 1.00
Director
$0 $0 $0
GABY BATSHOUN ELECTED MEMBER 1.00
Director
$0 $0 $0
CATRENA BOWMAN ELECTED MEMBER 1.00
Director
$0 $0 $0
NORMAND DESMARAIS ELECTED MEMBER 1.00
Director
$0 $0 $0
JOSH DUCKWORTH ELECTED MEMBER 1.00
Director
$0 $0 $0
PAUL FURTADO ELECTED MEMBER 1.00
Director
$0 $0 $0
PAMELA GOETTING ELECTED MEMBER 1.00
Director
$0 $0 $0
DAN JANKA ELECTED MEMBER 1.00
Director
$0 $0 $0
BARBARA JOHNSON ELECTED MEMBER 1.00
Director
$0 $0 $0
BRADY JOLLY ELECTED MEMBER 1.00
Director
$0 $0 $0
JAMES LOKESAK ELECTED MEMBER 1.00
Director
$0 $0 $0
LAURA LYONS ELECTED MEMBER 1.00
Director
$0 $0 $0
SHANNON OLDFIELD ELECTED MEMBER 1.00
Director
$0 $0 $0
BILLY SANTOS ELECTED MEMBER 1.00
Director
$0 $0 $0
JOHN SIEG ELECTED MEMBER 1.00
Director
$0 $0 $0
RAY TAKIGIKU ELECTED MEMBER 1.00
Director
$0 $0 $0
JULIE TAPKE ELECTED MEMBER 1.00
Director
$0 $0 $0
FRANCISCO PACO TELLO ELECTED MEMBER 1.00
Director
$0 $0 $0
BRIAN TODD ELECTED MEMBER 1.00
Director
$0 $0 $0
CAROLINE WELTZER ELECTED MEMBER 1.00
Director
$0 $0 $0
ANNA WOLF ELECTED MEMBER 1.00
Director
$0 $0 $0
CHIP BACH 1 YR AT-LARGE 1.00
Director
$0 $0 $0
ALLYSON COOK 1 YR AT-LARGE 1.00
Director
$0 $0 $0
BRENT DEGENHARDT 1 YR AT-LARGE 1.00
Director
$0 $0 $0
KEN MUTH 1 YR AT-LARGE 1.00
Director
$0 $0 $0
ERIC POZARYCKI 1 YR AT-LARGE 1.00
Director
$0 $0 $0
LEE SCHEBEN 1 YR AT-LARGE 1.00
Director
$0 $0 $0
LACY STARLING 1 YR AT-LARGE 1.00
Director
$0 $0 $0
WONDA WINKLER 1 YR AT-LARGE 1.00
Director
$0 $0 $0
BONITA BROWN STANDING MEMBER THRU 9/23 1.00
Director
$0 $0 $0
JOSEPH CHILLO STANDING MEMBER 1.00
Director
$0 $0 $0
FERNANDO FIGUEROA STANDING MEMBER 1.00
Director
$0 $0 $0
CANDACE MCGRAW STANDING MEMBER 1.00
Director
$0 $0 $0
PAUL MEIER STANDING MEMBER 1.00
Director
$0 $0 $0
CADY SHORT-THOMPSON STANDING MEMBER FROM 10/23 1.00
Director
$0 $0 $0
MATT TURNER STANDING MEMBER 1.00
Director
$0 $0 $0
BRENT COOPER PRESIDENT & CEO 40.00
Officer
$186,001 $19,288 $205,289
MAURICE KIRCHNER COO 40.00
Officer
$140,339 $11,662 $152,001
LYNSEY MCCLUNG CFO 40.00
Officer
$105,169 $7,609 $112,778
LYNN ABELN VP MEMBERSHIP 40.00
Highest
$105,169 $3,169 $108,338
NANCY SPIVEY VP TALENT STRATEGIES 40.00
Highest
$100,584 $3,018 $103,602
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 $2,743,093 $2,793,493 $2,179,216 $-50,400
2023 $2,640,787 $2,795,780 $2,538,951 $-154,993
2022 $2,462,455 $2,734,555 $1,611,907 $-272,100
2021 $2,219,564 $2,148,064 $1,813,974 $71,500
2020 $2,358,862 $2,369,449 $1,593,507 $-10,587
2019 $2,391,422 $2,409,113 $1,829,893 $-17,691
2018 $2,051,905 $2,003,587 $1,749,984 $48,318
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