HENDERSONVILLE 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

Principal Officer

KATHLEEN HAWKINS

Phone

6158242818

Tax Period

2023-06-01 to 2024-05-31

HENDERSONVILLE CHAMBER OF COMMERCE is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $162K, a strong 16% operating margin.

Mission

TO UNITE BUSINESS AND COMMUNITY LEADERS TO DEVELOP AND PROMOTE HENDERSONVILLE, TN.

Program Service Accomplishments

Program 1

Expenses: $682,821

PROGRAM SERVICES EXPENSES ARE USED TO UNITE BUSINESS AND COMMUNITY LEADERS TO DEVELOP AND PROMOTE HENDERSONVILLE, TN.

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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 $443,099

Program Service Revenue $559,960

Investment Income $15

Other Revenue $0

TOTAL REVENUE $1,003,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $445,450

Fundraising Expenses $0

Program Expenses $683,959

Other Expenses $395,349

TOTAL EXPENSES $840,799

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,003,074	$608,447	+0.6%
Expenses	$840,799	$753,787	+0.1%
Net Income	$162,275	$-145,340	-2.1%

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
HANA ALI	BOARD MEMBER	N/A	Director	$0	$0	$0
PATRICK BASILE	BOARD MEMBER	N/A	Director	$0	$0	$0
JON BEAVER	BOARD MEMBER	N/A	Director	$0	$0	$0
LYNN BOWLES	PAST BOARD C	N/A	Officer Director	$0	$0	$0
TOMMY DECKER	INCOMING BOA	N/A	Officer Director	$0	$0	$0
KYLE DUNN	BOARD MEMBER	N/A	Director	$0	$0	$0
TRISH HOLIDAY	BOARD MEMBER	N/A	Director	$0	$0	$0
TAYLOR HOOKS	TREASURER	N/A	Officer Director	$0	$0	$0
HILARY MARABETI	VICE CHAIR S	N/A	Officer Director	$0	$0	$0
FRAN MARCOU	CHAIR ELECT	N/A	Officer Director	$0	$0	$0
BRYSON MCCARLEY	VICE CHAIR C	N/A	Officer Director	$0	$0	$0
EILEEN MINTON	VICE CHAIR P	N/A	Officer Director	$0	$0	$0
BRENDAN OLSEN	BOARD MEMBER	N/A	Director	$0	$0	$0
BETH PICKEL	BOARD MEMBER	N/A	Director	$0	$0	$0
TAYLOR SAWYER	BOARD MEMBER	N/A	Director	$0	$0	$0
ADAM SINKS	BOARD MEMBER	N/A	Director	$0	$0	$0
CRAIG SINNARD	BOARD MEMBER	N/A	Director	$0	$0	$0
TROY SMITH	VICE CHAIR A	N/A	Officer Director	$0	$0	$0
WILLIAM STYLES	BOARD MEMBER	N/A	Director	$0	$0	$0
JULIE WHITE	BOARD MEMBER	N/A	Director	$0	$0	$0
GREG YANDALL	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$1,003,074	$840,799	$283,208	$162,275
2023	$608,447	$753,787	$236,042	$-145,340
2022	$910,297	$828,609	$278,021	$81,688
2021	$553,460	$536,874	$231,036	$16,586
2020	$595,062	$584,636	$218,190	$10,426
2019	$585,311	$607,529	$173,835	$-22,218