FARRAGUT WEST KNOX CHAMBER OF COMM… - Form 990 Financial Data

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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

1987

Legal Domicile

Principal Officer

JULIE BLAYLOCK

Phone

8656757057

Tax Period

2024-07-01 to 2025-06-30

FARRAGUT WEST KNOX CHAMBER OF COMMERCE, founded in 1987, is a small nonprofit that reported $427K in total revenue in fiscal year 2024. Expenses of $407K left a modest 5% surplus.

Mission

THE MISSION OF THE FARRAGUT WEST KNOX CHAMBER OF COMMERCE IS TO STRENGTHEN AND SUPPORT THE COMMUNITY BY PROMOTING BUSINESS GROWTH, EDUCATION AND ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $203,726 Revenue: $395,621

MEMBERSHIP MEETINGS AND EVENTS TO SUPPORT COMMERCE IN THE AREA

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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 (2024)

Revenue Breakdown

Contributions & Grants $34,521

Program Service Revenue $398,921

Investment Income $0

Other Revenue $-6,523

TOTAL REVENUE $426,919

Expense Breakdown

Grants Paid $17,892

Salaries & Benefits $223,165

Fundraising Expenses $0

Program Expenses $203,726

Other Expenses $166,394

TOTAL EXPENSES $407,451

Year-over-Year Comparison

	2024	2023	Change
Revenue	$426,919	$442,929	0.0%
Expenses	$407,451	$370,797	+0.1%
Net Income	$19,468	$72,132	-0.7%

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

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

$82,470

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HANEY	DIRECTOR	1.50	Director	$0	$0	$0
ADRIAN HALL	DIRECTOR	1.50	Director	$0	$0	$0
CHRISTINE DEAN	DIRECTOR	1.50	Director	$0	$0	$0
PHILIP GIGUERE	DIRECTOR	1.50	Director	$0	$0	$0
STEPHANIE ERB	DIRECTOR	1.50	Director	$0	$0	$0
TYLER HUNSAKER	DIRECTOR	1.50	Director	$0	$0	$0
DANIEL MONDAY	SECRETARY	3.00	Officer Director	$0	$0	$0
JOHN VOLPE	TREASURER	3.00	Officer Director	$0	$0	$0
DAVID SMOAK	EX-OFFICIO	0.50	Officer Director	$0	$0	$0
AARON SPENCER	VICE CHAIR	3.00	Officer Director	$0	$0	$0
KEN FINSTER	CHAIR	3.00	Officer Director	$0	$0	$0
JULIE BLAYLOCK	PRESIDENT	55.00	Officer	$76,080	$6,390	$82,470

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	$426,919	$407,451	$236,947	$19,468
2024	$442,929	$370,797	$217,479	$72,132
2023	$321,681	$336,535	$145,347	$-14,854
2022	$297,968	$276,953	$160,201	$21,015
2021	$267,640	$231,726	$139,186	$35,914
2020	$245,175	$243,154	$103,272	$2,021
2019	$250,586	$250,724	$161,063	$-138

FARRAGUT WEST KNOX CHAMBER OF COMMERCE