BESSEMER, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BESSEMER CHAMBER OF COMMERCE, founded in 1922, is a small nonprofit that reported $382K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $335K left a modest 12% surplus.
PROMOTE THE ECONOMIC WELL BEING OF REGIONAL BUSINESSES AND REPRESENT THE BUSINESS COMMUNITY IN ECONOMIC, POLITICAL, CIVIC, EDUCATIONAL, AND CULTURAL DEVELOPMENT OF THE REGION.
BUSINESS DEVELOPMENT DIVISION: TO PROMOTE AND SUPPORT BUSINESS DEVELOPMENT THROUGH FACILITATION, COORDINATION, AND EXPANSION OF RESOURCES SERVING EXISTING AND PROSPECTIVE BUSINESSES. GOVERNMENTAL...
BUSINESS DEVELOPMENT DIVISION: TO PROMOTE AND SUPPORT BUSINESS DEVELOPMENT THROUGH FACILITATION, COORDINATION, AND EXPANSION OF RESOURCES SERVING EXISTING AND PROSPECTIVE BUSINESSES. GOVERNMENTAL AFFAIRS COMMITTEE - TO SET THE POLITICAL AGENDA FOR THE CHAMBER AND TO ADDRESS ALL ISSUES IN THE POLITICAL ARENA FACING LOCAL BUSINESS AND THE CHAMBER. CONTRACTORS/DEVELOPERS COMMITTEE - TO REPRESENT THE INTERESTS OF CONTRACTORS (GENERAL AND SUB), DEVELOPERS, AND REALTORS IN THE CHAMBERS REGIONAL AREA WITH LOCAL, COUNTY, STATE AND FEDERAL BUILDING POLICIES, LEGISLATION, ORDINANCES AND CODES. SMALL BUSINESS COMMITTEE - TO REPRESENT THE INTERESTS OF SMALL BUSINESSES AND PROVIDE THEM WITH RESOURCES THAT HELP THEM BE SUCCESSFUL. COMMUNITY BUILDING DIVISION - TO BUILD A STRONGER, MORE UNIFIED COMMUNITY THROUGH CONTINUED PROGRAM DEVELOPMENT, PROMOTION PLANNING AND NETWORKING OF AREA ORGANIZATIONS. MEMBERSHIP DIVISION - TO EFFECTIVELY SERVE THE MEMBERSHIP OF THE CHAMBER AND CREATE PROGRAMS, ACTIVITIES, AND EVENTS WHICH WILL BE BENEFICIAL TO EACH MEMBER. HEALTHCARE COMMITTEE - TO MEET THE BUSINESS NEEDS OF THE HEALTHCARE COMMUNITY IN THE WESTERN JEFFERSON COUNTY REGION AND TO ADDRESS ALL BUSINESS RELATED ISSUES FACING HEALTHCARE PROFESSIONALS AND THE CHAMBER. LEGAL COMMITTEE - TO MEET THE BUSINESS NEEDS OF THE LEGAL COMMUNITY IN THE WESTERN JEFFERSON COUNTY REGION AND TO ADDRESS ALL BUSINESS RELATED ISSUES IN THE BUSINESS ARENA FACING LOCAL LEGAL PROFESSIONALS AND THE CHAMBER. BY-LAWS COMMITTEE - TO ANNUALLY REVIEW AND MAKE RECOMMENDATIONS ON CHANGES, CORRECTIONS, OR ADDITIONS TO THE BOARD APPROVED BY-LAWS, EMPLOYEE MANUAL, AND POLICY/PROCEDURES MANUAL FO THE BESSEMER AREA CHAMBER OF COMMERCE. FINANCE AND OPERATIONS AUDIT COMMITTEE - TO CONDUCT AN ANNUAL REVIEW OF THE CHAMBER'S FINANCES AND INTERNAL BUSINESS PROCEDURES. GOLF TOURNAMENT COMMITTEE - TO ORGANIZE, PROMOTE AND SUPERVISE A SUCCESSFUL AND PROFITABLE ANNUAL MEMBERSHIP GOLF TOURNAMENT FOR THE BENEFIT OF THE CHAMBER AND ITS MEMBERS. HOSPITALITY AND TOURISM DIVISION - TO PROMOTE BESSEMER AREA ATTRACTIONS TO VISITORS AS WELL AS LOCAL RESIDENTS AS A PLACE TO VISIT AND ENJOY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $381,819 | $313,610 | +0.2% |
| Expenses | $334,635 | $359,916 | -0.1% |
| Net Income | $47,184 | $-46,306 | -2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LATASHA COOK | PRESIDENT | 40.00 |
Officer
|
$58,941 | $0 | $58,941 |
| CYNTHIA ANTHONY | CHAIRWOMAN | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| MITCH AVERY | PAST CHAIRMA | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARLTON JACKSON | FINANCE CHAI | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEITH PENNINGTON | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTOINETTE MADISON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DR DANA ARREOLA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| COURTNEY COLEMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK BROWN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES KING | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CLAIRE MITCHELL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| REGGIE MAYS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHANE MORRIS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NICOLE NEWELL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DEVRON VEASLEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICAH ANDREWS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NOAH ROCKER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KATIE TRUSS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $381,819 | $334,635 | $39,520 | $47,184 |
| 2022 | $313,610 | $359,916 | $12,428 | $-46,306 |
| 2021 | $299,466 | $299,600 | $32,203 | $-134 |
| 2020 | $269,937 | $247,879 | $38,713 | $22,058 |
| 2019 | $269,666 | $327,855 | $20,659 | $-58,189 |
| 2018 | $285,447 | $291,652 | $69,917 | $-6,205 |
Compare BESSEMER CHAMBER OF COMMERCE with other nonprofits in Alabama and across the country.