CHATTANOOGA MANUFACTURERS ASSOCIAT… - 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

1902

Legal Domicile

Principal Officer

YOLANDA HAYSLETT

Phone

4232661902

Tax Period

2023-10-01 to 2024-09-30

CHATTANOOGA MANUFACTURERS ASSOCIATION C/O CHATTANOOGA CHAMBER OF COMMERCE, founded in 1902, is a small nonprofit in the Community Improvement sector that reported $121K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $59K, a strong 49% operating margin.

Mission

AS THE PRINCIPLE ADVOCATE FOR MANUFACTURING CONCERNS, THE CRMA SUPPORTS EXPANSION AMONG EXISTING MANUFACTURERS AND THE ATTRACTION OF NEW MANUFACTURING COMPANIES TO THE AREA. THE CRMA IS COMMITTED TO HIGH ENVIRONMENTAL STANDARDS, SUSTAINABILITY AND ENERGY EFFICIENCY. A TOP PRIORITY FOR THE CRMA IS TO WORK WITH EDUCATION AT ALL LEVELS TO DEVELOP AND MAINTAIN A SKILLED WORKFORCE. THE CRMA PROVIDES ONGOING TRAINING OPPORTUNITIES IN HUMAN RESOURCES, ENVIRONMENT, ENERGY, TAXES, LEADERSHIP, AND OTHER PERTINENT DISCIPLINES TO SUPPORT ITS MEMBERSHIP. THE CRMA BELIEVES THAT TEAMWORK IS THE KEY TO SUCCESS AND WORKS CLOSELY WITH GOVERNMENT AND PRIVATE ORGANIZATIONS TO FOSTER COOPERATION.

Program Service Accomplishments

Program 1

THE CRMA MEMBERSHIP GATHERS ONCE PER YEAR FOR OUR ANNUAL MEETING. THIS FUNCTION BRINGS ALL OF THE MEMBERS TOGETHER TO COMMUNICATE THE EFFORTS OF THE ORGANIZATION, PROVIDE AN OPPORTUNITY TO...

THE CRMA MEMBERSHIP GATHERS ONCE PER YEAR FOR OUR ANNUAL MEETING. THIS FUNCTION BRINGS ALL OF THE MEMBERS TOGETHER TO COMMUNICATE THE EFFORTS OF THE ORGANIZATION, PROVIDE AN OPPORTUNITY TO COMMUNICATE WITH EACH OTHER, AND EDUCATION THROUGH A NATIONAL SPEAKER.

Program 2

VARIOUS TRAINING SESSIONS THAT ARE CONDUCTED DURING THE YEAR SUPPORT THE MEMBERS BY PROVIDING EXPERT RESOURCES AT LOW COST. THESE SESSIONS ARE DESIGNED TO KEEP MEMBERS INFORMED OF CHANGING TRENDS AND TO KEEP THEM COMPETITIVE IN THE MARKETPLACE. TRAINING IS CONDUCTED IN HUMAN RESOURCES, ENERGY, ENVIRONMENT, SUSTAINABILITY, LEAN MANUFACTURING, SAFETY, ORGANIZATIONAL LEADERSHIP, BENEFITS, ACCOUNTING PRACTICES, AND LEGAL ISSUES.

Program 3

MEMBERS ARE SUPPORTED IN WORKFORCE DEVELOPMENT AND EDUCATION TO ASSIST THE GROWTH OF EXISTING MEMBERS AND RECRUITMENT OF NEW BUSINESS TO THE REGION. THE CRMA WORKS WITH PARTNERING ORGANIZATIONS AND...

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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 $0

Program Service Revenue $117,313

Investment Income $3,691

Other Revenue $0

TOTAL REVENUE $121,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,800

Fundraising Expenses $0

Other Expenses $52,269

TOTAL EXPENSES $62,069

Year-over-Year Comparison

	2023	2022	Change
Revenue	$121,004	$224,985	-0.5%
Expenses	$62,069	$238,989	-0.7%
Net Income	$58,935	$-14,004	-5.2%

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

$6,559

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL MINEHAN	CHAIRMAN	0.25	Officer Director	$0	$0	$0
DON JACOBSON III	VICE CHAIRMAN	0.25	Officer Director	$0	$0	$0
BRITTANY DAVIS	SECR/TREAS	0.25	Officer Director	$0	$0	$0
LULU COPELAND	OPERATION CONSULTANT THRU 9/2023	0.25	Director	$6,559	$0	$6,559

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	$121,004	$62,069	$274,597	$58,935
2023	$224,985	$238,989	$234,986	$-14,004
2022	$286,092	$278,069	$268,411	$8,023
2021	$192,260	$209,822	$289,852	$-17,562
2020	$193,852	$230,062	$262,628	$-36,210
2019	$257,840	$264,456	$285,563	$-6,616
2018	$253,334	$251,269	$298,037	$2,065

CHATTANOOGA MANUFACTURERS ASSOCIATION C/O CHATTANOOGA CHAMBER OF COMMERCE