BESSEMER CHAMBER OF COMMERCE (EIN 630020120) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1922

Legal Domicile

Principal Officer

LATASHA COOK

Phone

2054253253

Tax Period

2023-01-01 to 2023-12-31

BESSEMER CHAMBER OF COMMERCE is a small nonprofit that reported $285K in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PROMOTE THE ECONOMIC WELL BEING OF REGIONAL BUSINESSES AND REPRESENT THE BUSINESS COMMUNITY IN ECONOMIC, POLITICAL, CIVIC, EDUCATIONAL, AND CULTURAL DEVELOPMENT OF THE REGION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,000

Program Service Revenue $52,302

Investment Income $30

Other Revenue $284,487

TOTAL REVENUE $381,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,698

Fundraising Expenses $0

Program Expenses $334,635

Other Expenses $224,937

TOTAL EXPENSES $334,635

Year-over-Year Comparison

	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%

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

$58,941

Total Directors

Key Employees

Highest Compensated

reported

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

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	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

BESSEMER CHAMBER OF COMMERCE