HART 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

1986

Legal Domicile

Principal Officer

HOLLY CRAIN

Phone

2705242892

Tax Period

2023-07-01 to 2024-06-30

HART COUNTY CHAMBER OF COMMERCE, founded in 1986, is a micro nonprofit in the Community Improvement sector that reported $92K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $27K, a strong 29% operating margin.

Mission

TO PROMOTE HART COUNTY, KENTUCKY

Program Service Accomplishments

Program 1

Expenses: $64,806 Revenue: $18,335

PROMOTION OF COUNTY THROUGH ADVERTISING AND ATTENDANCE AT CONVENTIONS, SUPPORTING TOURISM COMMISSIONS AND COUNTY VISION TEAMS AND STRENGTHEN BUSINESSES THROUGH QUARTERLY EDUCATIONAL MEMBER MEETINGS (AVG ATTENDANCE 55) TRAINING WORKSHOPS AND NETWORKING OPPORTUNITIES, AND PROMOTE AND ENCOURAGE NEW BUSINESS STARTUPS.

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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 $73,229

Program Service Revenue $18,335

Investment Income $19

Other Revenue $0

TOTAL REVENUE $91,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,865

Fundraising Expenses $0

Program Expenses $64,806

Other Expenses $34,941

TOTAL EXPENSES $64,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,583	$119,879	-0.2%
Expenses	$64,806	$125,555	-0.5%
Net Income	$26,777	$-5,676	-5.7%

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

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
HOLLY CRAIN	PRESIDENT	N/A	Officer Director	$0	$0	$0
CARALYNE PENNINGTON	CHAIR	N/A	Officer Director	$0	$0	$0
CRYSTAL MILLS WHITE	VICE CHAIR	N/A	Officer Director	$0	$0	$0
WHITNEY CHOATE	PAST CHAIR	N/A	Officer Director	$0	$0	$0
TINA BUSH	TREASURER	N/A	Officer Director	$0	$0	$0
FRAN BOWSHER	DIRECTOR	N/A	Director	$0	$0	$0
CONI MEADOR	DIRECTOR	N/A	Director	$0	$0	$0
ALAN ALEXANDER	DIRECTOR	N/A	Director	$0	$0	$0
RANDALL CURRY	DIRECTOR	N/A	Director	$0	$0	$0
WAYNE HATCHER	DIRECTOR	N/A	Director	$0	$0	$0
JULIE MINOR	DIRECTOR	N/A	Director	$0	$0	$0
JOE CHOATE	DIRECTOR	N/A	Director	$0	$0	$0
CLARA MATTESON	DIRECTOR	N/A	Director	$0	$0	$0
BEVERLY FLOWERS	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTIAN REYNOLDS	DIRECTOR	N/A	Director	$0	$0	$0
BURKE CHENOWETH	DIRECTOR	N/A	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
2025	No data	No data	No data	No data
2024	$91,583	$64,806	$118,554	$26,777
2023	$119,879	$125,555	$92,309	$-5,676
2022	$109,736	$100,489	$98,346	$9,247
2021	$168,228	$114,635	$88,713	$53,593
2020	$103,580	$94,564	$34,644	$9,016
2019	$131,091	$131,734	$26,514	$-643