CHAMBER OF COMMERCE OF TALLADEGA (EIN 630205825) - 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

1919

Principal Officer

JASON DAVES

Phone

2563629075

Tax Period

2023-01-01 to 2023-12-31

CHAMBER OF COMMERCE OF TALLADEGA is a small nonprofit that reported $220K in total revenue in fiscal year 2021. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $203K left a modest 8% surplus.

Mission

TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE GREATER TALLADEGA AREA SO THAT ITS PROMOTION SHALL BE PROVIDED AND PARTICULAR ATTENTION AND EMPHASIS SHALL BE GIVEN TO THE ECONOMIC, CIVIC, COMMERCIAL, INDUSTRIAL AND EDUCATIONAL INTERESTS IN THE AREA. THE GREATER TALLADEGA AREA INCLUDES TALLADEGA, LINCOLN, MUNFORD, EASTABOGA AND ALPINE.

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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 $283,132

Program Service Revenue $2,400

Investment Income $532

Other Revenue $0

TOTAL REVENUE $286,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,809

Fundraising Expenses $0

Other Expenses $135,026

TOTAL EXPENSES $254,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,064	$257,350	+0.1%
Expenses	$254,835	$251,991	+0.0%
Net Income	$31,229	$5,359	+4.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK THOMAS	FIRST VICE-P	N/A	Officer Director	$0	$0	$0
GREG MORGAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
KRISTY HALL	TREASURER	N/A	Officer Director	$0	$0	$0
MIKE PERRY	2ND VICE PRE	N/A	Officer Director	$0	$0	$0
GRAHAM DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
GERALD CREEL	DIRECTOR	N/A	Director	$0	$0	$0
MILLIE CHASTAIN	DIRECTOR	N/A	Officer Director	$0	$0	$0
GABE CARPENTER	DIRECTOR	N/A	Officer Director	$0	$0	$0
LAUREN DEAL	DIRECTOR	N/A	Officer Director	$0	$0	$0
JEREMY HARDY	DIRECTOR	N/A	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	$286,064	$254,835	$166,293	$31,229
2022	$257,350	$251,991	$135,146	$5,359
2021	$219,859	$202,945	$160,337	$16,914

CHAMBER OF COMMERCE OF TALLADEGA