PUTNAM COUNTY CHAMBER OF COMMERCE

EIN: 620432130

COOKEVILLE, TN

Total Revenue
$1,960,763
Total Expenses
$1,796,281
Total Assets
$2,042,592
Net Assets
$1,490,579
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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
1946
Legal Domicile
TN
Principal Officer
AMY NEW
Phone
9315262211
Tax Period
2023-01-01 to 2023-12-31

PUTNAM COUNTY CHAMBER OF COMMERCE, founded in 1946, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 8% surplus.

Mission

TO STRENGTHEN THE REGION BY CULTIVATING A VIBRANT ECONOMY AND ENHANCING QUALITY OF LIFE. OUR PRIMARY VISION IS TO BE A CATALYST FOR A COLLABORATIVE AND PROSPEROUS REGION.

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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 $1,353,102
Program Service Revenue $538,670
Investment Income $11,529
Other Revenue $57,462
TOTAL REVENUE $1,960,763

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,181,272
Fundraising Expenses $0
Other Expenses $615,009
TOTAL EXPENSES $1,796,281

Year-over-Year Comparison

2023 2022 Change
Revenue $1,960,763 $1,565,049 +0.3%
Expenses $1,796,281 $1,451,568 +0.2%
Net Income $164,482 $113,481 +0.4%
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
24
Independent Members
23
Employees
28
Volunteers
94

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
11
$268,794
Total Directors
24
$191,033
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY NEW PRESIDENT/CE 40.00
Officer Director
$156,896 $34,137 $191,033
LYNNE MATTHEWS VP OF OPERAT 40.00
Officer
$63,758 $14,003 $77,761
PHILIP OLDHAM CHAIR 1.00
Officer Director
$0 $0 $0
JAY ALBRECHT CHAIR ELECT, 1.00
Officer Director
$0 $0 $0
MICHAEL PORTEN IMMEDIATE PA 1.00
Officer Director
$0 $0 $0
PHILIP CLEMMONS SECRETARY/TR 1.00
Officer Director
$0 $0 $0
BEN RODGERS VICE CHAIR 1.00
Officer Director
$0 $0 $0
CHERYL SANDLIN VICE CHAIR 1.00
Officer Director
$0 $0 $0
GEOFF ROOT VICE CHAIR 1.00
Officer Director
$0 $0 $0
BRANDON PARRISH VICE CHAIR 1.00
Officer Director
$0 $0 $0
JASEN KNIGHT VICE CHAIR 1.00
Officer Director
$0 $0 $0
KELLIE FITZPATRICK DIRECTOR 0.50
Director
$0 $0 $0
JOSH STITES DIRECTOR 0.50
Director
$0 $0 $0
TOMMYE RENA WELLS DIRECTOR 0.50
Director
$0 $0 $0
NICOLE ZIEGLER DIRECTOR 0.50
Director
$0 $0 $0
CAMRON RUDD DIRECTOR 0.50
Director
$0 $0 $0
HINAL TANWAR DIRECTOR 0.50
Director
$0 $0 $0
AMBER FLYNN-JARED DIRECTOR 0.50
Director
$0 $0 $0
IMON UDUEHI DIRECTOR 0.50
Director
$0 $0 $0
IAN ROBSON DIRECTOR 0.50
Director
$0 $0 $0
MANDY PERHAY DIRECTOR 0.50
Director
$0 $0 $0
KONSTANTIN YEPIFANSTEV DIRECTOR 0.50
Director
$0 $0 $0
ETHAN BERNHARDT DIRECTOR 0.50
Director
$0 $0 $0
ELIZABETH FOURNET DIRECTOR 0.50
Director
$0 $0 $0
GINA BILLINGS DIRECTOR 0.50
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 No data No data No data No data
2023 $1,960,763 $1,796,281 $2,042,592 $164,482
2022 $1,565,049 $1,451,568 $1,959,717 $113,481
2021 $1,502,724 $1,264,787 $1,383,168 $237,937
2020 $1,422,409 $1,378,673 $1,081,625 $43,736
2019 $3,053,300 $3,028,527 $1,010,759 $24,773
2018 $3,003,616 $2,980,228 $1,111,112 $23,388
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