PORTLAND CHAMBER OF COMMERCE

EIN: 621086415 Community Improvement

PORTLAND, TN

Total Revenue
$531,798
Total Expenses
$398,964
Total Assets
$1,003,020
Net Assets
$417,479
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
TN
Phone
6153259032
Tax Period
2024-01-01 to 2024-12-31

PORTLAND CHAMBER OF COMMERCE, founded in 1962, is a small nonprofit in the Community Improvement sector that reported $532K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $133K, a strong 25% operating margin.

Mission

TO EMBRACE OUR AGRICULTURAL HERITAGE, TO SUPPORT AND ENCOURAGE BUSINESS, EDUCATION AND INDUSTRY FOR ECONOMIC GROWTH WHILE WORKING TOGETHER TO MAKE PORTLAND A BETTER PLACE TO LIVE, WORK AND VISIT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $31,799
Program Service Revenue $464,526
Investment Income $0
Other Revenue $35,473
TOTAL REVENUE $531,798

Expense Breakdown

Grants Paid $0
Salaries & Benefits $143,195
Fundraising Expenses $14,485
Program Expenses $286,609
Other Expenses $255,769
TOTAL EXPENSES $398,964

Year-over-Year Comparison

2024 2023 Change
Revenue $531,798 $480,256 +0.1%
Expenses $398,964 $414,197 0.0%
Net Income $132,834 $66,059 +1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
17

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMILY GROVES PRESIDENTCEO 40.00
Highest
$31,417 $0 $31,417
SHERRI FERGUSON CEO 40.00
Highest
$28,319 $0 $28,319
BONNETTE DAWSON BOARD MEMBER 1.00
Director
$0 $0 $0
DONNA SADLER BOARD MEMBER 0.00
Director
$0 $0 $0
JULIE GILMORE BOARD MEMBER 0.00
Director
$0 $0 $0
MARK INGRAM BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID SNOOK BOARD MEMBER 1.00
Director
$0 $0 $0
KIM DELANEY TREASURER 1.00
Officer
$0 $0 $0
GAIL GENTRY SECRETARY 1.00
Officer
$0 $0 $0
SHELLY GREGORY CHAIRMAN 0.00
Officer
$0 $0 $0
MARK HARRISON VICE CHAIR 1.00
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 $531,798 $398,964 $1,003,020 $132,834
2023 $480,256 $414,197 $461,181 $66,059
2022 $386,519 $355,966 $375,672 $30,553
2021 $380,175 $299,808 $318,717 $80,367
2020 $204,855 $225,984 $239,251 $-21,129
2019 $278,508 $273,548 $245,850 $4,960
2018 $257,291 $260,071 $231,851 $-2,780
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