ALICEVILLE AREA CHAMBER OF COMMERCE

EIN: 630316136

ALICEVILLE, AL

Total Revenue
$5,402
Total Expenses
$11,466
Total Assets
$69,898
Net Assets
$65,018
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
AL
Tax Period
2021-04-01 to 2022-03-31

ALICEVILLE AREA CHAMBER OF COMMERCE, founded in 1954, is a micro nonprofit that reported $8K in total revenue in fiscal year 2018. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $7K left a modest 12% surplus.

Mission

OPERATION OF THE CHAMBER OF COMMERCE TO PROMOTE BUSINESS IN THE ALICEVILLE AREA.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,070
Investment Income $332
Other Revenue $0
TOTAL REVENUE $5,402

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,500
Fundraising Expenses $0
Program Expenses $11,466
Other Expenses $5,966
TOTAL EXPENSES $11,466

Year-over-Year Comparison

2021 2020 Change
Revenue $5,402 $6,845 -0.2%
Expenses $11,466 $10,184 +0.1%
Net Income $-6,064 $-3,339 +0.8%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY HANKINS PRESIDENT 0.00
Officer
$0 $0 $0
VIRGINIA LATHAM TREASURER 0.00
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
2022 $5,402 $11,466 $69,898 $-6,064
2021 $6,845 $10,184 $81,197 $-3,339
2020 $32,733 $9,733 $79,301 $23,000
2019 $7,664 $6,749 $57,301 $915
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