JACKSON & MADISON COUNTY CHAMBER O… - Form 990 Financial Data

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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

1905

Legal Domicile

Principal Officer

KYLE SPURGEON

Phone

7314232200

Tax Period

2024-02-01 to 2025-01-31

JACKSON & MADISON COUNTY CHAMBER OF COMMERCE, founded in 1905, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 13% surplus.

Mission

PROMOTING ECONOMIC AND BUSINESS DEVELOPMENT

Program Service Accomplishments

Program 1

PROMOTING ECONOMIC AND BUSINESS DEVELOPMENT WHICH CONSISTS OF MARKETING THE AREA TO POTENTIAL EMPLOYERS, DEVELOPING AND ENHANCING MINORITY AND NEW BUSNIESS PARTNERSHIPS, WORKFORCE DEVELOPMENT, JOB...

PROMOTING ECONOMIC AND BUSINESS DEVELOPMENT WHICH CONSISTS OF MARKETING THE AREA TO POTENTIAL EMPLOYERS, DEVELOPING AND ENHANCING MINORITY AND NEW BUSNIESS PARTNERSHIPS, WORKFORCE DEVELOPMENT, JOB CREATION, AND THE OVERALL PROMOTION OF JACKSON-MADISON COUNTY AS A GREAT PLACE TO WORK, LIVE , PLAY AND DO BUSINESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,892,567

Program Service Revenue $624,630

Investment Income $25,617

Other Revenue $0

TOTAL REVENUE $2,542,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,251,858

Fundraising Expenses $988,915

Other Expenses $955,593

TOTAL EXPENSES $2,207,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,542,814	$2,241,455	+0.1%
Expenses	$2,207,451	$2,269,942	0.0%
Net Income	$335,363	$-28,487	-12.8%

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

1000

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
CURTIS MANSFIELD	SEC/TREASURE	N/A	Director	$0	$0	$0
BOB ARRINGTON	VICE CHAIRMA	N/A	Director	$0	$0	$0
ROGER SMITH	CHARIMAN	N/A	Director	$0	$0	$0
TODD SWIMS	IMMEDIATE PA	N/A	Director	$0	$0	$0
KARLEY BOND	DIRECTOR	N/A	Director	$0	$0	$0
MARK CANCIA	DIRECTOR	N/A	Director	$0	$0	$0
TINA PRESCOTT	DIRECTOR	N/A	Director	$0	$0	$0
DARLETTE SAMUELS	DIRECTOR	N/A	Director	$0	$0	$0
PAUL TAYLOR	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW LONG	DIRECTOR	N/A	Director	$0	$0	$0
DONNA STINES	DIRECTOR	N/A	Director	$0	$0	$0
MONTE COOPER	DIRECTOR	N/A	Director	$0	$0	$0
SHERONDA GREEN	DIRECTOR	N/A	Director	$0	$0	$0
PRESTON POWELL	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES BYRD	DIRECTOR	N/A	Director	$0	$0	$0
FRANKIE LAX	DIRECTOR	N/A	Director	$0	$0	$0
STEPHANIE RILEY	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	$2,542,814	$2,207,451	$3,050,510	$335,363
2024	$2,241,455	$2,269,942	$2,852,948	$-28,487
2023	$2,120,625	$1,974,179	$3,205,594	$146,446
2022	$2,649,898	$1,645,533	$2,971,599	$1,004,365
2021	$1,076,357	$1,489,395	$1,979,751	$-413,038
2020	$1,168,080	$1,823,652	$2,456,420	$-655,572
2019	$1,290,263	$1,807,152	$3,214,386	$-516,889

JACKSON & MADISON COUNTY CHAMBER OF COMMERCE