NORTHERN KENTUCKY CHAMBER OF COMMERCE FOUNDATION INC (EIN 611334712) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

BRENT COOPER

Phone

8595788800

Tax Period

2023-09-01 to 2024-08-31

NORTHERN KENTUCKY CHAMBER OF COMMERCE FOUNDATION INC, founded in 1998, is a small nonprofit in the Employment sector that reported $112K in total revenue in fiscal year 2023. Revenue surged 317% from the prior year, signaling strong growth momentum. Expenses of $95K left a modest 15% surplus.

Mission

TO POSITIVELY ENHANCE THE NKY BUSINESS CLIMATE BY INCREASING THE REGION'S WORKFORCE AND LEADERSHIP PIPELINE; NORTHERN KENTUCKY CHAMBER OF COMMERCE FOUNDATION, THE 501(C)(3) NONPROFIT AFFILIATE OF THE NORTHERN KENTUCKY CHAMBER OF COMMERCE, SERVES AS A BACKBONE ORGANIZATION WITH A MISSION TO POSITIVELY ENHANCE THE BUSINESS CLIMATE IN NORTHERN KENTUCKY BY DEVELOPING IN-DEMAND WORKFORCE TALENT AND COMMUNITY LEADERS DEDICATED TO ECONOMIC GROWTH AND REGIONAL SUSTAINABILITY.

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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 $100,000

Program Service Revenue $0

Investment Income $5,284

Other Revenue $6,898

TOTAL REVENUE $112,182

Expense Breakdown

Grants Paid $67,500

Salaries & Benefits $0

Fundraising Expenses $109

Program Expenses $89,733

Other Expenses $27,927

TOTAL EXPENSES $95,427

Year-over-Year Comparison

	2023	2022	Change
Revenue	$112,182	$26,879	+3.2%
Expenses	$95,427	$53,973	+0.8%
Net Income	$16,755	$-27,094	-1.6%

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

N/A

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

$470,068

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HAWKINS	CHAIR	1.00	Officer Director	$0	$0	$0
JASON PAYNE	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
DAVID KAY	VICE-CHAIR, LEADERSHIP	1.00	Officer Director	$0	$0	$0
MICHAEL HALL	VICE-CHAIR, WORKFORCE	1.00	Officer Director	$0	$0	$0
BRENT COOPER	CHAMBER PRESIDENT	1.00	Officer	$0	$19,288	$205,289
MAURICE KIRCHNER	EXECUTIVE DIRECTOR	1.00	Officer	$0	$11,662	$152,001
LYNSEY MCCLUNG	CFO	1.00	Officer	$0	$7,609	$112,778

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	$112,182	$95,427	$93,458	$16,755
2023	$26,879	$53,973	$81,406	$-27,094
2022	$116,592	$264,586	$111,739	$-147,994
2021	$227,434	$315,373	$318,548	$-87,939
2020	$244,110	$468,602	$350,405	$-224,492
2019	$648,577	$513,961	$583,630	$134,616
2018	$437,197	$415,579	$563,856	$21,618

NORTHERN KENTUCKY CHAMBER OF COMMERCE FOUNDATION INC