LONDON-LAUREL COUNTY CHAMBER OF COMMERCE

EIN: 611102186

LONDON, KY

Total Revenue
$247,042
Total Expenses
$247,324
Total Assets
$139,146
Net Assets
$115,986
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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

Legal Domicile
KY
Principal Officer
DEANNA HERMON
Phone
6068644789
Tax Period
2023-01-01 to 2023-12-31

LONDON-LAUREL COUNTY CHAMBER OF COMMERCE is a small nonprofit that reported $247K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

ECONOMIC DEVELOPMENT AND ASSISTANCE TO EXISTING BUSINESSES.

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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 $38,122
Program Service Revenue $175,428
Investment Income $65
Other Revenue $33,427
TOTAL REVENUE $247,042

Expense Breakdown

Grants Paid $0
Salaries & Benefits $131,180
Fundraising Expenses $0
Program Expenses $217,785
Other Expenses $116,144
TOTAL EXPENSES $247,324

Year-over-Year Comparison

2023 2022 Change
Revenue $247,042 $214,444 +0.2%
Expenses $247,324 $223,279 +0.1%
Net Income $-282 $-8,835 -1.0%
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

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Governance

Voting Members
15
Independent Members
15
Employees
3
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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA BAKER DIRECTOR N/A
Director
$0 $0 $0
SHARON BENGE DIRECTOR N/A
Director
$0 $0 $0
GARRY CONLEY DIRECTOR N/A
Director
$0 $0 $0
DONNIE COX DIRECTOR N/A
Director
$0 $0 $0
KYLE GRAY VICE-PRESIDE N/A
Director
$0 $0 $0
DONNA GREGORICH DIRECTOR N/A
Director
$0 $0 $0
WINSTON GRIFFIN DIRECTOR N/A
Director
$0 $0 $0
KAREN HYDE DIRECTOR N/A
Director
$0 $0 $0
BRANDON KECK DIRECTOR N/A
Director
$0 $0 $0
MICHAEL SLITER DIRECTOR N/A
Director
$0 $0 $0
WARD STOKES DIRECTOR N/A
Officer Director
$0 $0 $0
DONEVON STORM TREASURER N/A
Officer Director
$0 $0 $0
JOHN C YANES DIRECTOR N/A
Director
$0 $0 $0
SHARON BENGE SECRETARY N/A
Officer
$0 $0 $0
SCOTT WEBSTER PRESDIENT N/A
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
2024 No data No data No data No data
2023 $247,042 $247,324 $139,146 $-282
2022 $214,444 $223,279 $118,457 $-8,835
2021 $251,749 $209,438 $127,369 $42,311
2020 $224,419 $195,238 $105,728 $29,181
2019 $214,359 $218,275 $61,332 $-3,916
2018 $193,272 $204,703 $94,848 $-11,431
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