CHAMBER OF COMMERCE SYLACAUGA (EIN 630205572) - 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

1939

Legal Domicile

Principal Officer

LAURA STRICKLAND

Phone

2052490308

Tax Period

2023-01-01 to 2023-12-31

CHAMBER OF COMMERCE SYLACAUGA, founded in 1939, is a small nonprofit that reported $231K in total revenue in fiscal year 2019.

Mission

TO PROVIDE LEADERSHIP AND PROMOTE THE ECONOMIC ADVANCEMENT, BUSINESS CLIMATE, AND QUALITY OF LIFE FOR THE CITY OF SYLACAUGA AND ITS CITIZENS. THE CHAMBER OF COMMERCE EXISTS TO GIVE PEOPLE A STRONG AND EFFECTIVE VOICE TO PEOPLE WORKING TOWARD COMMON GOALS.

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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 $251,529

Program Service Revenue $132,327

Investment Income $572

Other Revenue $13,195

TOTAL REVENUE $397,623

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,724

Fundraising Expenses $0

Other Expenses $246,483

TOTAL EXPENSES $384,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$397,623	$311,342	+0.3%
Expenses	$384,207	$328,704	+0.2%
Net Income	$13,416	$-17,362	-1.8%

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

N/A

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

$72,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA STRICKLAND	EXECUTIVE DI	40.00	Officer	$70,957	$1,843	$72,800
RYAN COLEMAN	PAST CHAIR	N/A	Officer	$0	$0	$0
DONNA JONES	PAST CHAIR	N/A	Officer	$0	$0	$0
GRETTA SPENCER	VP	N/A	Officer	$0	$0	$0
KIMM WRIGHT	PRESIDENT	N/A	Officer	$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	$397,623	$384,207	$223,626	$13,416
2022	No data	No data	No data	No data
2021	$274,002	$280,911	$238,393	$-6,909
2020	$247,206	$226,503	$226,830	$20,703
2019	$231,409	$227,674	$196,403	$3,735

CHAMBER OF COMMERCE SYLACAUGA