Kingsport Area Chamber of Commerce

EIN: 620446834

Kingsport, TN

Total Revenue
$724,693
Total Expenses
$724,920
Total Assets
$202,832
Net Assets
$76,934
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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
1947
Legal Domicile
TN
Principal Officer
Miles Burdine
Phone
4233928812
Tax Period
2024-01-01 to 2024-12-31

Kingsport Area Chamber of Commerce, founded in 1947, is a small nonprofit that reported $725K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

The Chambers primpary purpose is comunity service and promotion. It makes available varoius programs to benefit local businessess and provides programs of information and publicity to attract visitors to the 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 (2024)

Revenue Breakdown

Contributions & Grants $526,970
Program Service Revenue $191,323
Investment Income $7,121
Other Revenue $-721
TOTAL REVENUE $724,693

Expense Breakdown

Grants Paid $0
Salaries & Benefits $499,466
Fundraising Expenses $0
Program Expenses $724,920
Other Expenses $225,454
TOTAL EXPENSES $724,920

Year-over-Year Comparison

2024 2023 Change
Revenue $724,693 $669,374 +0.1%
Expenses $724,920 $701,044 +0.0%
Net Income $-227 $-31,670 -1.0%
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
14
Independent Members
14
Employees
N/A
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
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lori Arnold Immediate Past Chair 001.00
Director
$0 $0 $0
John Goetz Board Member 001.00
Director
$0 $0 $0
Ramona Jackson Board Member 001.00
Director
$0 $0 $0
Kellie Weaver Board Member 001.00
Director
$0 $0 $0
Eric Deaton Board Member 001.00
Director
$0 $0 $0
Russ Rogers Board Member 001.00
Director
$0 $0 $0
Tom Segelhorst Board Member 001.00
Director
$0 $0 $0
Stephen LaHair Board Member 001.00
Director
$0 $0 $0
Paul Montgomery Board Member 001.00
Director
$0 $0 $0
Etta Clark Board Member 001.00
Director
$0 $0 $0
Ted Fields Board Member 001.00
Director
$0 $0 $0
Monty McLaurin Board Member 001.00
Director
$0 $0 $0
Greg Perdue Board Member 001.00
Director
$0 $0 $0
Bob Feathers Chair 002.00
Officer
$0 $0 $0
Miles Burdine CEO/Secretary 010.00
Officer
$0 $0 $0
Don Royston Treasurer 002.00
Officer
$0 $0 $0
Brian Miller Chair Elect 002.00
Officer
$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 $724,693 $724,920 $202,832 $-227
2023 $669,374 $701,044 $138,323 $-31,670
2022 $760,882 $752,339 $189,032 $8,543
2021 $658,137 $658,362 $239,346 $-225
2020 $580,918 $573,085 $178,090 $7,833
2019 $575,116 $599,189 $174,684 $-24,073
2018 $571,353 $575,303 $188,593 $-3,950
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