CHATTANOOGA MANUFACTURERS ASSOCIATION C/O CHATTANOOGA CHAMBER OF COMMERCE

EIN: 620156260 Community Improvement

CHATTANOOGA, TN

Total Revenue
$121,004
Total Expenses
$62,069
Total Assets
$274,597
Net Assets
$253,658
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1902
Legal Domicile
TN
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 PRINCIPAL 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.

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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 $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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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
10

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
3
$0
Total Directors
4
$6,559
Key Employees
0
$0
Highest Compensated
0
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
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