MONTGOMERY AREA CHAMBER OF COMMERCE

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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

1945

Legal Domicile

Principal Officer

ANNA BUCKALEW

Phone

3348345200

Tax Period

2023-01-01 to 2023-12-31

MONTGOMERY AREA CHAMBER OF COMMERCE, founded in 1945, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $7.3M left a modest 8% surplus.

Mission

TO ADVANCE THE CIVIC, COMMERCIAL, AND INDUSTRIAL INTERESTS OF THE MONTGOMERY AREA FOR THE GENERAL BENEFIT AND WELFARE OF THE TOTAL COMMUNITY.

Program Service Accomplishments

Program 1

COSTS WERE INCURRED IN PROMOTING AREA ECONOMIC DEVELOPMENT, TOURISM, CONVENTIONS, AND MEMBER SERVICES

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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 $4,842,353

Program Service Revenue $2,372,601

Investment Income $37,234

Other Revenue $627,326

TOTAL REVENUE $7,879,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,698,939

Fundraising Expenses $0

Other Expenses $3,558,265

TOTAL EXPENSES $7,262,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,879,514	$6,740,001	+0.2%
Expenses	$7,262,204	$6,859,079	+0.1%
Net Income	$617,310	$-119,078	-6.2%

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

$331,043

Total Directors

Key Employees

$926,047

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LABARRON BOONE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CEDRIC CAMPBELL	IMM PAST CHA	1.00	Officer Director	$0	$0	$0
CARYN HUGHES	CHAIRMAN ELE	1.00	Director	$0	$0	$0
STACIA ROBINSON	VICE CHAIRMA	1.00	Director	$0	$0	$0
ROBERT BIRMINGHAM	VICE CHAIRMA	1.00	Director	$0	$0	$0
JOHN YELVERTON	VICE CHAIRMA	1.00	Director	$0	$0	$0
STEVEN REED	EX OFFICIO	1.00	Officer Director	$0	$0	$0
RICHARD HANAN	DIRECTOR	1.00	Director	$0	$0	$0
DOUG SINGLETON	DIRECTOR	1.00	Director	$0	$0	$0
LT GEN ANDREA TULLOS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MAZYCK	DIRECTOR	1.00	Director	$0	$0	$0
COL RYAN RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
AL BURSE	DIRECTOR	1.00	Director	$0	$0	$0
DR MELVIN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA WHITFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA BLADES	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
DR KEMBA CHAMBERS	DIRECTOR	1.00	Director	$0	$0	$0
SANDY COAKER	DIRECTOR	1.00	Director	$0	$0	$0
TOD ETHEREDGE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FENDLEY	DIRECTOR	1.00	Director	$0	$0	$0
ANDRE HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
PETE KNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
BOB RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
ORLANDO CANNON	DIRECTOR	1.00	Director	$0	$0	$0
GARY COBBS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GILPIN	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY KNIGHT FLEMING	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET NEKIC	DIRECTOR	1.00	Director	$0	$0	$0
JOE PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
SHARON ROSS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SLOAN	DIRECTOR	1.00	Director	$0	$0	$0
RAY WHITE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ANZALONE	DIRECTOR	1.00	Director	$0	$0	$0
HELENOR BELL	DIRECTOR	1.00	Director	$0	$0	$0
LORI DAVID BOONE	DIRECTOR	1.00	Director	$0	$0	$0
ALEX BUMPERS	DIRECTOR	1.00	Director	$0	$0	$0
MAC CADDELL	DIRECTOR	1.00	Director	$0	$0	$0
QUINTIN HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN HEAD	DIRECTOR	1.00	Director	$0	$0	$0
DR ASHLEY MCINTYRE	DIRECTOR	1.00	Director	$0	$0	$0
BOB PARKER	DIRECTOR	1.00	Director	$0	$0	$0
CARL BARKER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BIRMINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL BOLLIER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DUNN	DIRECTOR	1.00	Director	$0	$0	$0
LISTON EDDINS	DIRECTOR	1.00	Director	$0	$0	$0
BARRIE HARMON	DIRECTOR	1.00	Director	$0	$0	$0
EUI SUNG KIM ERNIE	DIRECTOR	1.00	Director	$0	$0	$0
JERRY KYSER	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY LOWDER	DIRECTOR	1.00	Director	$0	$0	$0
TROY MAXWELL	DIRECTOR	1.00	Director	$0	$0	$0
TOM METHVIN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL PINYAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID REED	DIRECTOR	1.00	Director	$0	$0	$0
JOE RILEY	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
RUSS TYNER	DIRECTOR	1.00	Director	$0	$0	$0
VINCE PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA VICK	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
FRANK YARNELL	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE ALLEN	NON-VOTING M	1.00	Director	$0	$0	$0
TONY ANDERSON	NON-VOTING M	1.00	Director	$0	$0	$0
HAL BLOOM	NON-VOTING M	1.00	Director	$0	$0	$0
JIM BUCKALEW	NON-VOTING M	1.00	Director	$0	$0	$0
MARK BUNTING	NON-VOTING M	1.00	Director	$0	$0	$0
GREG COCHRAN	NON-VOTING M	1.00	Director	$0	$0	$0
J KYLE DRUMWRIGHT	NON-VOTING M	1.00	Director	$0	$0	$0
KEARY FOSTER	NON-VOTING M	1.00	Director	$0	$0	$0
DR BRIAN GARY	NON-VOTING M	1.00	Director	$0	$0	$0
GARY HARRISON	NON-VOTING M	1.00	Director	$0	$0	$0
DR LOUIS LAMBIASE	NON-VOTING M	1.00	Director	$0	$0	$0
SAM MARTIN	NON-VOTING M	1.00	Director	$0	$0	$0
MARK SNEAD	NON-VOTING M	1.00	Director	$0	$0	$0
DOUGH THIESSEN	NON-VOTING M	1.00	Director	$0	$0	$0
DR DAVID THRASHER	NON-VOTING M	1.00	Director	$0	$0	$0
DR LAKESHIA THOMAS	NON-VOTING M	1.00	Director	$0	$0	$0
ANNA BUCKALEW	PRESIDENT/CE	40.00	Officer	$314,407	$16,636	$331,043
ELLEN MCNAIR	VICE PRESIDE	40.00	Key Emp	$245,345	$15,937	$261,282
SHERON ROSE	VICE PRESIDE	40.00	Key Emp	$227,241	$13,937	$241,178
PATSY GUY	CFO	40.00	Key Emp	$218,556	$13,839	$232,395
RONALD SIMMONS	CHIEF OFFICE	40.00	Key Emp	$176,314	$14,878	$191,192
PAUL REDHEAD	VICE PRESIDE	40.00	Highest	$140,370	$9,124	$149,494
SCOTT RIZER	CHIEF OFFICE	40.00	Highest	$134,000	$1,300	$135,300
SHELBY STRINGFELLOW	VICE PRESIDE	40.00	Highest	$119,464	$20,956	$140,420

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	$7,879,514	$7,262,204	$4,202,020	$617,310
2022	$6,740,001	$6,859,079	$3,614,308	$-119,078
2021	$6,554,835	$5,421,891	$3,766,840	$1,132,944
2020	$5,326,533	$5,606,729	$2,669,242	$-280,196
2019	$6,843,323	$6,776,195	$2,959,064	$67,128
2018	$6,650,153	$6,476,468	$2,833,273	$173,685