CLEVELANDBRADLEY CHAMBER OF COMMERCE

EIN: 620162970

CLEVELAND, TN

Total Revenue
$1,690,705
Total Expenses
$1,420,729
Total Assets
$1,646,232
Net Assets
$1,521,738
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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

Principal Officer
MIKE GRIFFIN
Phone
4234726587
Tax Period
2024-01-01 to 2024-12-31

CLEVELANDBRADLEY CHAMBER OF COMMERCE is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $270K, a strong 16% operating margin.

Mission

BUSINESS DEVELOPMENT OF MEMBERS, ECONOMIC GROWTH OF THE REGION, AND THE HIGHEST QUALITY OF LIFE FOR THE OCOEE REGION OF TENNESSEE.

Program Service Accomplishments

Program 1
Expenses: $881,136 Revenue: $481,924

BUSINESS DEVELOPMENT OF MEMBERS, ECONOMIC GROWTH OF THE REGION, AND THE HIGHEST QUALITY OF LIFE FOR THE OCOEE REGION OF TENNESSEE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,080,598
Program Service Revenue $481,924
Investment Income $41,734
Other Revenue $86,449
TOTAL REVENUE $1,690,705

Expense Breakdown

Grants Paid $0
Salaries & Benefits $852,999
Fundraising Expenses $0
Program Expenses $881,136
Other Expenses $567,730
TOTAL EXPENSES $1,420,729

Year-over-Year Comparison

2024 2023 Change
Revenue $1,690,705 $1,268,885 +0.3%
Expenses $1,420,729 $1,241,056 +0.1%
Net Income $269,976 $27,829 +8.7%
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

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Governance

Voting Members
28
Independent Members
27
Employees
9
Volunteers
N/A

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
8
$161,772
Total Directors
28
$161,772
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE GRIFFIN PRESIDENT & 40.00
Officer Director
$141,517 $20,255 $161,772
BRITTANY KATZ CHAIRMAN 1.00
Officer Director
$0 $0 $0
BRIAN WORKMAN CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
KENNETH DEW TREASURER 1.00
Officer Director
$0 $0 $0
GREG CALFEE VICE CHAIR C 1.00
Officer Director
$0 $0 $0
STEPHANIE LINKOUS VICE CHAIR T 1.00
Officer Director
$0 $0 $0
PAMELA NELSON VICE CHAIR I 1.00
Officer Director
$0 $0 $0
LYLE SWARTZEL VICE CHAIR P 1.00
Officer Director
$0 $0 $0
KEVIN BROOKS BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY BAKER BOARD MEMBER 1.00
Director
$0 $0 $0
D GARY DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
SHANE GRIFFITH BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC HOZOURI BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE COOKE BOARD MEMBER 1.00
Director
$0 $0 $0
JIM THARP BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER BECKSTRAND BOARD MEMBER 1.00
Director
$0 $0 $0
BENJAMIN BERRY BOARD MEMBER 1.00
Director
$0 $0 $0
BRITTANY CANNON BOARD MEMBER 1.00
Director
$0 $0 $0
JOELLE CAVITT BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW DINSMORE BOARD MEMBER 1.00
Director
$0 $0 $0
BRADLEY HUDSON BOARD MEMBER 1.00
Director
$0 $0 $0
KEISHA PARKS BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN SQUIRES BOARD MEMBER 1.00
Director
$0 $0 $0
BRAD MOFFETT BOARD MEMBER 1.00
Director
$0 $0 $0
BOB MCINTIRE BOARD MEMBER 1.00
Director
$0 $0 $0
DIANA JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF JONES BOARD MEMBER 1.00
Director
$0 $0 $0
LISA LOVELACE BOARD MEMBER 1.00
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
2024 $1,690,705 $1,420,729 $1,646,232 $269,976
2023 $1,268,885 $1,241,056 $1,357,018 $27,829
2022 $1,419,150 $1,216,583 $1,311,163 $202,567
2021 $1,443,932 $1,137,124 $1,115,297 $306,808
2020 $1,084,947 $1,082,805 $809,270 $2,142
2019 $1,318,608 $1,183,070 $813,591 $135,538
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