MILAN CHAMBER OF COMMERCE INC

EIN: 620419625

MILAN, TN

Total Revenue
$172,928
Total Expenses
$162,423
Total Assets
$197,603
Net Assets
$179,425
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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
TN
Principal Officer
JULIE ALLEN WARD
Phone
7316867494
Tax Period
2024-01-01 to 2024-12-31

MILAN CHAMBER OF COMMERCE INC, founded in 1956, is a small nonprofit that reported $173K in total revenue in fiscal year 2024. Expenses of $162K left a modest 6% surplus.

Mission

TO AID BUSINESSES IN SETUP AND BUSINESS DEVELOPMENT.

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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 $119,252
Program Service Revenue $47,689
Investment Income $5,987
Other Revenue $0
TOTAL REVENUE $172,928

Expense Breakdown

Grants Paid $0
Salaries & Benefits $111,195
Fundraising Expenses $0
Program Expenses $159,098
Other Expenses $51,228
TOTAL EXPENSES $162,423

Year-over-Year Comparison

2024 2023 Change
Revenue $172,928 $172,987 0.0%
Expenses $162,423 $160,110 +0.0%
Net Income $10,505 $12,877 -0.2%
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

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Governance

Voting Members
22
Independent Members
22
Employees
2
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
4
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON HARGETT EX-OFFICIO 0.00
Director
$0 $0 $0
BRYAN RAINEY EX-OFFICIO 0.00
Director
$0 $0 $0
STEVE HEMANN VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
CHAD M BUTLER TREASURER 0.00
Officer Director
$0 $0 $0
GUY RUSSOM MEMBER AT LARGE 0.00
Director
$0 $0 $0
ANDREW DEDMON DIRECTOR 0.00
Director
$0 $0 $0
BRANDY KEMP DIRECTOR 0.00
Director
$0 $0 $0
THORNE BARBOUR DIRECTOR 0.00
Director
$0 $0 $0
JULIE ALLEN WARD PRESIDENT 0.00
Officer Director
$0 $0 $0
BRIDGETTE BODIFORD DIRECTOR 0.00
Director
$0 $0 $0
MICHELLE ALEXANDER DIRECTOR 0.00
Director
$0 $0 $0
JENNIFER EASTERDAY DIRECTOR 0.00
Director
$0 $0 $0
PRISCILLA HERRON DIRECTOR 0.00
Director
$0 $0 $0
JAMIE MARTIN DIRECTOR 0.00
Director
$0 $0 $0
JACK MATTHIS DIRECTOR 0.00
Director
$0 $0 $0
ASHLEY MILLER VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
DR LESLIE POYNER DIRECTOR 0.00
Director
$0 $0 $0
KAT MCMINN DIRECTOR 0.00
Director
$0 $0 $0
VALERIE CALDWELL DIRECTOR 0.00
Director
$0 $0 $0
GAETANA YANCY 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
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
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