DOTHAN 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

1919

Legal Domicile

Principal Officer

MATT PARKER

Phone

3347925138

Tax Period

2023-10-01 to 2024-09-30

DOTHAN AREA CHAMBER OF COMMERCE, founded in 1919, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 5% surplus.

Mission

TO SERVE AS A CATALYST FOR BUSINESS AND COMMUNITY DEVELOPMENT IN THE TRI-STATE AREA. ACCOMPLISHED THROUGH THE COMMERCIAL, FINANCIAL, CIVIC, AGRICULTURAL, INDUSTRIAL AND GENERAL INTERESTS OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,439,401

DOTHAN AREA CHAMBER OF COMMERCE HAS PUT IN PLACE SEVERAL PROGRAMS FOR COMMUNITY IMPROVEMENT AND DEVELOPMENT IN THE LOCAL TRI-STATE REGION.

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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 $2,116,832

Program Service Revenue $0

Investment Income $35,846

Other Revenue $77,529

TOTAL REVENUE $2,230,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,034,977

Fundraising Expenses $0

Program Expenses $1,439,401

Other Expenses $1,076,038

TOTAL EXPENSES $2,111,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,230,207	$1,926,787	+0.2%
Expenses	$2,111,015	$1,795,129	+0.2%
Net Income	$119,192	$131,658	-0.1%

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

515

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

$383,594

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARMEN LEWIS	DIRECTOR	0.00	Director	$0	$0	$0
MICHELLE LEWIS	IMMEDIATE PAST CHAIR	0.00	Director	$0	$0	$0
BOB WOODALL	GROW DOTHAN CHAIRMAN	0.00	Director	$0	$0	$0
WALTER HILL	CHAIRMAN	0.00	Director	$0	$0	$0
BELINDA J MITCHELL	DIRECTOR	0.00	Director	$0	$0	$0
MELINDA SYKES	DIRECTOR	0.00	Director	$0	$0	$0
KERRI DESHAZO	TREASURER	0.00	Director	$0	$0	$0
GINA GRANT	COMMUNITY DEVELOPMENT COUNCIL CHAIRMAN	0.00	Director	$0	$0	$0
BEVERLY ARNOLD	DIRECTOR	0.00	Director	$0	$0	$0
SAMUEL P CRAWFORD	EDUCATCTION AND WORKFORCE	0.00	Director	$0	$0	$0
LAN DARTY	DIRECTOR	0.00	Director	$0	$0	$0
ANDY HOEKENGA	DIRECTOR	0.00	Director	$0	$0	$0
DEAVOURS CLARK	DIRECTOR	0.00	Director	$0	$0	$0
WALT ELLIS	MEMBERSHIP DEV COUNCIL CHAIR	0.00	Director	$0	$0	$0
JEFF BRANNON	DIRECTOR	0.00	Director	$0	$0	$0
TAYLOR RUTLAND	DIRECTOR	0.00	Director	$0	$0	$0
JEFF WILLIAMS	CHAIRMAN-ELECT	0.00	Director	$0	$0	$0
LAWRENCE JOHNSON	DIRECTOR	0.00	Director	$0	$0	$0
ANGELA UNDERWOOD	DIRECTOR	0.00	Director	$0	$0	$0
MELANIE WEED	DIRECTOR	0.00	Director	$0	$0	$0
MELODY LEE	DIRECTOR	0.00	Director	$0	$0	$0
DAVID MOSLEY	DIRECTOR	0.00	Director	$0	$0	$0
GEORGE STRINGER	DIRECTOR	0.00	Director	$0	$0	$0
BLAKE SEYMOUR	GOVERNMENTAL AFFAIRS COUNC	0.00	Director	$0	$0	$0
STEPHEN HOLLAND	DIRECTOR	0.00	Director	$0	$0	$0
VALERIE RUSSELL-CLAUSELL	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL D SCHMITZ	GROW DOTHAN CHAIRMAN	0.00	Director	$0	$0	$0
ADAM THOMAS	DIRECTOR	0.00	Director	$0	$0	$0
TERRI DUBOSE	DIRECTOR	0.00	Director	$0	$0	$0
TROY FOUNTAIN	DIRECTOR	0.00	Director	$0	$0	$0
BROOK MEADOWS	DIRECTOR	0.00	Director	$0	$0	$0
CLAUDIA HALL	DIRECTOR	0.00	Director	$0	$0	$0
CHRIS SUDDARTH	DIRECTOR	0.00	Director	$0	$0	$0
MONTY WEIGEL	DIRECTOR	0.00	Director	$0	$0	$0
LORI CLARK WILCOXON	CHIEF OPERATING OFFICER	60.00	Officer	$110,754	$14,168	$124,922
MATT PARKER	PRESIDENT	60.00	Officer	$225,474	$33,198	$258,672

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	$2,230,207	$2,111,015	$3,666,089	$119,192
2023	$1,926,787	$1,795,129	$3,472,689	$131,658
2022	$1,885,336	$1,771,184	$3,379,710	$114,152
2021	$1,370,453	$1,171,319	$3,235,126	$199,134
2020	$1,256,742	$1,065,838	$3,007,602	$190,904
2019	$1,212,283	$1,278,390	$2,800,915	$-66,107
2018	$1,212,376	$1,148,057	$2,846,036	$64,319