Millington Chamber of Commerce (EIN 620581815) - Form 990 Financial Analysis & Trantor Score

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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

1951

Legal Domicile

Principal Officer

Terry Roland

Phone

9018721486

Tax Period

2023-01-01 to 2023-12-31

Millington Chamber of Commerce, founded in 1951, is a small nonprofit that reported $260K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $237K left a modest 9% surplus.

Mission

Promotion and marketing of City of Millington Businesses

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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 (2023)

Revenue Breakdown

Contributions & Grants $201,193

Program Service Revenue $57,057

Investment Income $1,660

Other Revenue $0

TOTAL REVENUE $259,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,728

Fundraising Expenses $0

Program Expenses $71,443

Other Expenses $117,170

TOTAL EXPENSES $236,898

Year-over-Year Comparison

	2023	2022	Change
Revenue	$259,910	$173,463	+0.5%
Expenses	$236,898	$191,692	+0.2%
Net Income	$23,012	$-18,229	-2.3%

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

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

$57,750

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terry Roland	Executive Director	40.00	Key Emp Highest	$57,750	$0	$57,750
Ron Wells	President	2.00	Officer	$0	$0	$0
Lillie Stollings	Director	2.00	Director	$0	$0	$0
David Terrell	Director	1.00	Director	$0	$0	$0
Sabrina Landacre	Secretary/Treasurer	2.00	Officer	$0	$0	$0
John Rountree	Director	1.00	Director	$0	$0	$0
Nancy Graham	Chairman of the Ambassadors	1.00	Officer	$0	$0	$0
Clay Lavelle	Director	1.00	Director	$0	$0	$0
Steven Boatwright	Director	1.00	Director	$0	$0	$0
Florence Jones	Director	1.00	Director	$0	$0	$0
Charlie Jacoby	Director	1.00	Director	$0	$0	$0
William Lowes	Director	1.00	Director	$0	$0	$0
Mark Coulter	Director	1.00	Director	$0	$0	$0
Leanna Dagen	Director	1.00	Director	$0	$0	$0
James Griffin	Director	1.00	Director	$0	$0	$0
James Moroschak	Director	1.00	Director	$0	$0	$0
Mary Tate Lee	Director	1.00	Director	$0	$0	$0
Sue A Cobb	Director	1.00	Director	$0	$0	$0
Michaelle Terhune	Director	1.00	Director	$0	$0	$0
Harry Sinis	Director	1.00	Director	$0	$0	$0
James Griffin	Director	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	No data	No data	No data	No data
2023	$259,910	$236,898	$212,704	$23,012
2023	$259,910	$236,898	$212,704	$23,012
2022	$173,463	$191,692	$199,276	$-18,229
2021	$251,119	$233,623	$238,174	$17,496
2020	$159,188	$161,704	$168,980	$-2,516
2019	$171,126	$197,232	$158,593	$-26,106
2018	$171,467	$172,465	$182,879	$-998

Millington Chamber of Commerce