POLK COUNTY CHAMBER OF COMMERCE (EIN 621357358) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

JAMES WOODY 3 Officer

Tax Period

2023-01-01 to 2023-12-31

POLK COUNTY CHAMBER OF COMMERCE, founded in 1996, is a small nonprofit that reported $177K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $28K, a strong 16% operating margin.

Mission

TO ESTABLISH POLK COUNTY AS THE DESTINATION OF CHOICE IN SOUTHEAST TENNESSEE TO LIVE, WORK, AND PLAY: AND TO ENHANCE THE ECONOMIC GROWTH AND PROSPERITY OF OUR MEMBERS AND POLK COUNTY.

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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 $177,237

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $177,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,224

Fundraising Expenses $0

Program Expenses $149,521

Other Expenses $96,212

TOTAL EXPENSES $149,521

Year-over-Year Comparison

	2023	2022	Change
Revenue	$177,237	$201,048	-0.1%
Expenses	$149,521	$172,120	-0.1%
Net Income	$27,716	$28,928	0.0%

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

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
AARON HOOD	DIRECTOR	0.00	Director	$0	$0	$0
TODD WATSON	DIRECTOR	0.00	Director	$0	$0	$0
ROY G THOMASON JR	DIRECTOR	0.00	Director	$0	$0	$0
JAKE BURROWS	DIRECTOR	0.00	Director	$0	$0	$0
STEVEN LAFOUNTAIN	DIRECTOR	0.00	Director	$0	$0	$0
ADRIAN LAMBERT	DIRECTOR	0.00	Director	$0	$0	$0
CAROL KAMM	DIRECTOR	0.00	Director	$0	$0	$0
SUZANNE AKINS	EX OFFICIO	0.00	Director	$0	$0	$0
HANNAH GODREY	DIRECTOR	0.00	Director	$0	$0	$0
JENNIE DECOOK	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
JAMES WOODY	PRESICENT	2.00	Officer Director	$0	$0	$0
TOM TOHILL	TREASURER	0.00	Officer Director	$0	$0	$0
STEPHANIE COOKE	SECRETARY	0.00	Officer Director	$0	$0	$0
LYNNE MCCLARY	EXECUTIVE DIRECTOR	0.00	Key Emp Highest	$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
2023	$177,237	$149,521	$117,597	$27,716
2022	$201,048	$172,120	$89,881	$28,928
2021	$136,850	$102,264	$60,953	$34,586
2020	$92,795	$118,565	$-14,981	$-25,770
2019	$96,950	$82,843	$10,789	$14,107
2018	$58,274	$79,567	$-3,318	$-21,293

POLK COUNTY CHAMBER OF COMMERCE