WEAKLEY COUNTY 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

1959

Legal Domicile

Principal Officer

BRIAN LEGONS

Phone

7313643787

Tax Period

2023-07-01 to 2024-06-30

WEAKLEY COUNTY CHAMBER OF COMMERCE, founded in 1959, is a small nonprofit that reported $146K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION'S MAIN FOCUS IS THE PROMOTION AND DEVELOPMENT OF THE COMMUNITY AND BUSINESSES OF WEAKLEY COUNTY, TENNESSEE.

Program Service Accomplishments

Program 1

PROGRAM EXPENSES ARE USED FOR THE PROMOTION AND DEVELOPMENT OF THE COMMUNITY AND BUSINESSES OF WEAKLEY COUNTY, TENNESSEE.

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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 $116,723

Program Service Revenue $0

Investment Income $123

Other Revenue $29,252

TOTAL REVENUE $146,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,056

Fundraising Expenses $0

Other Expenses $41,806

TOTAL EXPENSES $141,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$146,098	$128,106	+0.1%
Expenses	$141,862	$130,819	+0.1%
Net Income	$4,236	$-2,713	-2.6%

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
SHELLY BOWERS	BOARD MEMBER	N/A	Director	$0	$0	$0
JAKE BYNUM	BOARD MEMBER	N/A	Director	$0	$0	$0
MARIA LACKEY	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
BRIAN LEGONS	PRESIDENT	N/A	Officer Director	$0	$0	$0
AMY LEWELLEN	BOARD MEMBER	N/A	Director	$0	$0	$0
CALLIE SMITHSON	PRESIDENT EL	N/A	Officer Director	$0	$0	$0
HANNAH STEWART	BOARD MEMBER	N/A	Director	$0	$0	$0
JUSTIN CRICE	CEO	N/A	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	No data	No data	No data	No data
2024	$146,098	$141,862	$109,768	$4,236
2023	$128,106	$130,819	$105,714	$-2,713
2022	$122,960	$122,110	$108,178	$850
2021	$123,091	$109,570	$107,139	$13,521
2020	$107,180	$120,673	$93,440	$-13,493
2019	$122,713	$125,439	$106,703	$-2,726
2018	$116,933	$120,376	$110,161	$-3,443