MILAN CHAMBER OF COMMERCE INC

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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

1956

Legal Domicile

Principal Officer

Kaley Coday

Phone

7316867494

Tax Period

2025-01-01 to 2025-12-31

MILAN CHAMBER OF COMMERCE INC, founded in 1956, is a small nonprofit that reported $186K in total revenue in fiscal year 2025. Expenses of $208K exceeded revenue, resulting in a 12% operating deficit.

Mission

To aid businesses in setup and business development.

Program Service Accomplishments

Program 1

Expenses: $204,919 Revenue: $63,218

The organization was established to support business development and growth within the City of Milan, 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $123,232

Program Service Revenue $60,767

Investment Income $2,451

Other Revenue $0

TOTAL REVENUE $186,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,192

Fundraising Expenses $0

Program Expenses $204,919

Other Expenses $76,052

TOTAL EXPENSES $208,244

Year-over-Year Comparison

	2025	2024	Change
Revenue	$186,450	$172,928	+0.1%
Expenses	$208,244	$162,423	+0.3%
Net Income	$-21,794	$10,505	-3.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KALEY CODAY	PRESIDENT	40.00	Officer Director	$0	$0	$0
ANISHA GILLEY	DIRECTOR	0.00	Director	$0	$0	$0
JAKE MALLARD	DIRECTOR	0.00	Director	$0	$0	$0
CHAD M BUTLER	TREASURER	0.00	Officer Director	$0	$0	$0
JOE SHEARIN	DIRECTOR	0.00	Director	$0	$0	$0
ANDREW DEDMON	MEMBER AT LARGE	0.00	Officer Director	$0	$0	$0
CHANCE WATKINS	DIRECTOR	0.00	Director	$0	$0	$0
THORNE BARBOUR	CHAIRMAN ELECT	0.00	Officer Director	$0	$0	$0
JULIE ALLEN WARD	EX-OFFICIO	0.00	Officer Director	$0	$0	$0
CARRIE CANTRELL	DIRECTOR	0.00	Director	$0	$0	$0
BAYLIE GRAVES	DIRECTOR	0.00	Director	$0	$0	$0
JENNIFER EASTERDAY	DIRECTOR	0.00	Director	$0	$0	$0
DR VERSIE HAMLETT	DIRECTOR	0.00	Director	$0	$0	$0
JAMIE MARTIN	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
JACK MATTHIS	DIRECTOR	0.00	Director	$0	$0	$0
ASHLEY MILLER	CHAIRMAN	0.00	Officer Director	$0	$0	$0
SHERRY SCRUGGS	DIRECTOR	0.00	Director	$0	$0	$0
KAT MCMINN	DIRECTOR	0.00	Director	$0	$0	$0
JOSH SPENCER	DIRECTOR	0.00	Director	$0	$0	$0
JASON WILLIAMS	DIRECTOR	0.00	Director	$0	$0	$0
JOYCE VONNER	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD RUSHING	DIRECTOR	0.00	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
2025	$186,450	$208,244	$195,308	$-21,794
2024	$172,928	$162,423	$197,603	$10,505
2023	$172,987	$160,110	$187,139	$12,877
2022	$169,412	$155,503	$174,222	$13,909
2021	$163,597	$136,828	$160,313	$26,769
2020	$143,354	$134,969	$133,544	$8,385
2019	$143,931	$128,862	$125,159	$15,069
2018	$133,897	$132,090	$110,090	$1,807