TULLAHOMA AREA CHAMBER OF COMMERCE

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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

1950

Principal Officer

ELIZABETH BANKS

Phone

9314555497

Tax Period

2023-01-01 to 2023-12-31

TULLAHOMA AREA CHAMBER OF COMMERCE, founded in 1950, is a small nonprofit that reported $302K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

TO PROMOTE INDUSTRY AND COMMERCE IN THE TULLAHOMA AREA.

Program Service Accomplishments

Program 1

Expenses: $6,378 Revenue: $10,518

BUSINESS DEVELOPMENT SEMINARS, TRAINING AND WORKSHOPS DESIGNED TO ENHANCE THE SUCCESS OF OUR MEMBERS AND LOCAL BUSINESSES.

Program 2

Expenses: $19,612 Revenue: $49,941

ANNUAL MEMBERSHIP CELEBRATION, A YEARLY EVENT DESIGNED TO HIGHLIGHT CHAMBER MEMBERS AND THE COMMUNITY AS A WHOLE THROUGH AWARDS.

Program 3

Expenses: $40,961 Revenue: $73,806

GOLF TOURNAMENT, PARADE AND OTHER SMALL EVENTS, DESIGNED TO FOSTER TEAM BUILDING AMOUNG MEMBER'S EMPLOYEES AND SPOT-LIGHT LOCAL BUSINESSES IN THE COMMUNITY.

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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 $166,928

Program Service Revenue $134,265

Investment Income $835

Other Revenue $0

TOTAL REVENUE $302,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,450

Fundraising Expenses $0

Program Expenses $66,951

Other Expenses $148,562

TOTAL EXPENSES $294,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,028	$347,049	-0.1%
Expenses	$294,012	$264,176	+0.1%
Net Income	$8,016	$82,873	-0.9%

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
NANCY FULLER	PRESIDENT-EL	N/A	Officer	$0	$0	$0
ELIZABETH BANKS	PAST-PRESIDE	N/A	Officer	$0	$0	$0
KELLEYE WATTS	DIRECTOR	N/A	Director	$0	$0	$0
ANDY WHITT	PRESIDENT	N/A	Officer	$0	$0	$0
ALLEN POTTER	DIRECTOR	N/A	Director	$0	$0	$0
DIANA MURRAY	DIRECTOR	N/A	Director	$0	$0	$0
FLORENCE HULL	DIRECTOR	N/A	Director	$0	$0	$0
RICH ELLIS	DIRECTOR	N/A	Director	$0	$0	$0
JAMES FULLER	VICE PRESIDE	N/A	Officer	$0	$0	$0
KIM USELTON	SECRETARY/TR	N/A	Officer	$0	$0	$0
NOLAND GOMEZ	DIRECTOR	N/A	Director	$0	$0	$0
PAMELA CARVER	DIRECTOR	N/A	Director	$0	$0	$0
GREG GRESSELL	DIRECTOR	N/A	Director	$0	$0	$0
JESSICA LAWTON	DIRECTOR	N/A	Director	$0	$0	$0
TRENT MCNABB	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN SHERRILL	DIRECTOR	N/A	Director	$0	$0	$0
JOANNA REYNOLDS	DIRECTOR	N/A	Director	$0	$0	$0
SHANNON DUNCAN	DIRECTOR	N/A	Director	$0	$0	$0
EMILY RATHS	DIRECTOR	N/A	Director	$0	$0	$0
TROY MARTIN	DIRECTOR	N/A	Director	$0	$0	$0
RENEE KEENE	DIRECTOR	N/A	Director	$0	$0	$0
SCARLETT CARPENTER	DIRECTOR	N/A	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	$302,028	$294,012	$374,549	$8,016
2022	$347,049	$264,176	$365,889	$82,873
2021	$255,221	$202,023	$345,172	$53,198
2020	$188,203	$205,462	$320,450	$-17,259
2019	$203,621	$206,199	$308,818	$-2,578
2018	$203,023	$201,536	$309,426	$1,487