EAST ALABAMA CHAMBER OF COMMERCE (EIN 630241829) - 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

1971

Legal Domicile

Principal Officer

MELISSA GAUNTT

Phone

3342983639

Tax Period

2024-01-01 to 2024-12-31

East Alabama Chamber of Commerce, founded in 1971, is a small nonprofit that reported $290K in total revenue in fiscal year 2018. Revenue decreased 10% compared to the prior year. Expenses of $353K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE MISSION OF THE EAST ALABAMA CHAMBER OF COMMERCE IS TO BUILD STRONG RELATIONSHIPS WITHIN OUR COMMUNITY TO SUPPORT AND GROW REGIONAL BUSINESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $280,817

Program Service Revenue $2,246

Investment Income $425

Other Revenue $17,087

TOTAL REVENUE $300,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $184,156

Fundraising Expenses $0

Other Expenses $135,483

TOTAL EXPENSES $319,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,575	$284,406	+0.1%
Expenses	$319,639	$300,644	+0.1%
Net Income	$-19,064	$-16,238	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILL THOMPSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SCOTT PHILLIPS	Secretary	2.00	Officer Director	$0	$0	$0
JACKIE SCREWS	DIRECTOR	2.00	Officer Director	$0	$0	$0
JASON GRAHAM	Director	1.00	Director	$0	$0	$0
CHELSEA ARRINGTON	Director	1.00	Director	$0	$0	$0
DAVID QUINNEY	Director	1.00	Director	$0	$0	$0
ELIZABETH LOVELL	Director	1.00	Director	$0	$0	$0
DAVID DUNN	Director	1.00	Director	$0	$0	$0
PAIGE PAQUETTE	HAIR	1.00	Director	$0	$0	$0
MIKE GOFF	Director	1.00	Director	$0	$0	$0
DAVE ARWOOD	PAST CHAIR	1.00	Director	$0	$0	$0
RON JONES	DIRECTOR	1.00	Director	$0	$0	$0
PAULA THOMPSON	Treasurer	1.00	Director	$0	$0	$0
MELISSA GAUNTT	PRESIDENT & CEO	40.00		$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	$300,575	$319,639	$209,756	$-19,064
2023	$284,406	$300,644	$217,312	$-16,238
2022	$302,931	$304,681	$240,141	$-1,750
2021	$321,963	$239,271	$288,553	$82,692
2020	$259,417	$234,306	$84,711	$25,111
2019	$237,152	$284,694	$59,600	$-47,542
2018	$290,056	$353,077	$107,142	$-63,021

EAST ALABAMA CHAMBER OF COMMERCE