COVINGTON TIPTON CNTY CHAMBER

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Principal Officer

Phone

9014769727

Tax Period

2024-07-01 to 2025-06-30

COVINGTON TIPTON CNTY CHAMBER is a small nonprofit that reported $213K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $197K left a modest 7% surplus.

Mission

CHAMBER OF COMMERCE SERVES THE CITY OF COVINGTON AND TIPTON COUNTY IN ATTRACTING AND RETAINING BUSINESSES WHILE PROMOTING THE AREA.

Program Service Accomplishments

Program 1

Expenses: $197,418

THE CHAMBER OF COMMERCE SERVES THE CITY OF COVINGTON AND TIPTON

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $147,820

Program Service Revenue $55,990

Investment Income $97

Other Revenue $9,014

TOTAL REVENUE $212,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,872

Fundraising Expenses $0

Program Expenses $197,418

Other Expenses $86,546

TOTAL EXPENSES $197,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,921	$231,086	-0.1%
Expenses	$197,418	$254,527	-0.2%
Net Income	$15,503	$-23,441	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	Role	Reportable Comp	Other Comp	Total
EMILY BYRUM	PRESIDENT	Director	$0	$0	$0
MICHELLE ALLEN	PRES ELECT	Director	$0	$0	$0
SHANE WAITS	MEMBER AT LARG	Director	$0	$0	$0
KELLY GRAY	TREASURER	Director	$0	$0	$0
DAVID GWINN	MEMBER AT LARG	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
2025	$212,921	$197,418	$114,003	$15,503
2024	$231,086	$254,527	$104,045	$-23,441
2023	$218,156	$263,229	$136,776	$-45,073
2022	$240,724	$215,171	$207,797	$25,553
2021	$226,961	$206,275	$166,013	$20,686
2020	$163,165	$154,383	$119,093	$8,782
2019	$160,936	$118,772	$73,194	$42,164