AUBURN CHAMBER OF COMMERCE

EIN: 630333974

AUBURN, AL

Total Revenue
$871,662
Total Expenses
$1,056,477
Total Assets
$522,187
Net Assets
$367,413
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
AL
Principal Officer
ANNA HOVEY
Phone
3345013292
Tax Period
2024-01-01 to 2024-12-31

AUBURN CHAMBER OF COMMERCE, founded in 1949, is a small nonprofit that reported $872K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 21% operating deficit.

Mission

PROMOTE LOCAL BUSINESS AND INDUSTRY

Program Service Accomplishments

Program 1

THE AUBURN CHAMBER OF COMMERCE IS A MEMBERSHIP BASED ORGANIZATION THAT WORKS TO PROVIDE RESOURCES TO THE BUSINESSES AND ORGANIZATIONS WE REPRESENT IN THE MEMBERSHIP. WE WORK TO OFFER PROGRAMS THAT...

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THE AUBURN CHAMBER OF COMMERCE IS A MEMBERSHIP BASED ORGANIZATION THAT WORKS TO PROVIDE RESOURCES TO THE BUSINESSES AND ORGANIZATIONS WE REPRESENT IN THE MEMBERSHIP. WE WORK TO OFFER PROGRAMS THAT WILL SUPPORT AND STRENGTHEN OUR MEMBERS INCLUDING OPPORTUNITIES TO SHARE INFORMATION, TO EDUCATE AND INFORM, AND PROGRAMS THAT PROVIDE PROFESSIONAL DEVELOPMENT. WE OFFER A VARIETY OF MEMBER BENEFITS AND SERVICES FOR OUR MEMBERS INCLUDING HOSTING EVENTS THAT HELP CREATE CONNECTIONS, HELP PROMOTE BUSINESSES AND SERVICES, AND PROVIDE A PLATFORM FOR RELATIONSHIPS TO STRENGTHEN THUS EXPANDING OUR NETWORK. WE ALSO LOOK FOR OPPORTUNITIES TO COLLABORATE WITH OTHER COMMUNITY STAKEHOLDERS TO HELP MAKE OUR COMMUNITY THRIVE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $457,922
Program Service Revenue $268,019
Investment Income $8,341
Other Revenue $137,380
TOTAL REVENUE $871,662

Expense Breakdown

Grants Paid $0
Salaries & Benefits $529,326
Fundraising Expenses $0
Other Expenses $387,498
TOTAL EXPENSES $1,056,477

Year-over-Year Comparison

2024 2023 Change
Revenue $871,662 $771,978 +0.1%
Expenses $1,056,477 $773,605 +0.4%
Net Income $-184,815 $-1,627 +112.6%
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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Governance

Voting Members
20
Independent Members
19
Employees
7
Volunteers
60

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
6
$93,330
Total Directors
30
$93,330
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE MELTON PAST CHAIR 1.00
Officer Director
$0 $0 $0
RICHMOND GUNTER CHAIR 1.00
Officer Director
$0 $0 $0
ELOISE STEWART CHAIR ELECT 1.00
Officer Director
$0 $0 $0
DAVID REAVES VICE CHAIR 1.00
Officer Director
$0 $0 $0
SAMANTHA COPELAN BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID CHANDLER BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER GOTTFELF BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID FICHTNER BOARD MEMBER 1.00
Director
$0 $0 $0
JAY JAMES BOARD MEMBER 1.00
Director
$0 $0 $0
JAYTAVIUS LOCKHART BOARD MEMBER 1.00
Director
$0 $0 $0
RETT MONCRIEF BOARD MEMBER 1.00
Director
$0 $0 $0
TODD PHELAN BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN ROBERTS TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD SCOTT BOARD MEMBER 1.00
Director
$0 $0 $0
BEVERLY MAY BOARD MEMBER 1.00
Director
$0 $0 $0
PAIGE MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN TUDHOPE BOARD MEMBER 1.00
Director
$0 $0 $0
NICK VANSYOC BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA KOHN BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA MILTON BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN AKTKINSON EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE TURNER EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE PELHAM EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $0
CRISTEN HERRING EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN HOWARD EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF SHEARER EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $0
BROOKE KASTNER EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $0
ANNA HOVEY PRESIDENT 40.00
Officer Director
$93,330 $0 $93,330
ERIC SEWELL EX-OFFICIO BOARD MEMBER 1.00
Director
$0 $0 $0
CORY HANKS BOARD MEMBER 1.00
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 $871,662 $1,056,477 $522,187 $-184,815
2023 $771,978 $773,605 $645,562 $-1,627
2022 $772,711 $780,295 $577,944 $-7,584
2021 $727,979 $668,153 $591,053 $59,826
2020 $731,131 $682,629 $518,998 $48,502
2019 $752,546 $739,793 $472,075 $12,753
2018 $733,590 $693,390 $457,923 $40,200
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