Hartselle Area Chamber of Commerce

EIN: 630641104 Community Improvement

Hartselle, AL

Total Revenue
$401,838
Total Expenses
$266,027
Total Assets
$164,297
Net Assets
$117,550
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
AL
Principal Officer
Jasmine Sanderfer
Phone
2567734370
Tax Period
2023-01-01 to 2023-12-31

HARTSELLE AREA CHAMBER OF COMMERCE, founded in 1976, is a small nonprofit in the Community Improvement sector that reported $119K in total revenue in fiscal year 2018. Revenue decreased 19% compared to the prior year.

Mission

Hartselle Area Chamber of Commerce is a non-profit organization whose primary purpose is to promote the economic and social well being of the people of the Hartselle area.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $482,773
Program Service Revenue $0
Investment Income $91
Other Revenue $-81,026
TOTAL REVENUE $401,838

Expense Breakdown

Grants Paid $0
Salaries & Benefits $150,870
Fundraising Expenses $36,439
Other Expenses $115,157
TOTAL EXPENSES $266,027

Year-over-Year Comparison

2023 2022 Change
Revenue $401,838 $287,490 +0.4%
Expenses $266,027 $356,208 -0.3%
Net Income $135,811 $-68,718 -3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
N/A
Employees
4
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
6
$93,484
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary G Evans President & CEO 40.00
Officer
$42,772 $0 $42,772
Jaime Hatcher Secretary 40.00
Officer
$30,712 $0 $30,712
Jasmine Sanderfer President & CEO 40.00
Officer
$20,000 $0 $20,000
Jennifer Malone Chair Elect 0.00
Director
$0 $0 $0
Rocky Smith Director 0.00
Director
$0 $0 $0
Meagan Jones Past Chairman 0.00
Director
$0 $0 $0
Corey Wilbanks Director 0.00
Director
$0 $0 $0
Lindsey Tapsott Director 0.00
Director
$0 $0 $0
Nathan Steele Director 0.00
Director
$0 $0 $0
Christy Richardson Chair Elect 0.00
Director
$0 $0 $0
Jimmy Watson Director 0.00
Director
$0 $0 $0
Mark Villarino Treasurer 0.00
Officer
$0 $0 $0
Eddie Turrentine Chairman 0.00
Officer
$0 $0 $0
Tina Fore Secretary 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
2023 $401,838 $266,027 $164,297 $135,811
2022 $287,490 $356,208 $146,807 $-68,718
2021 $238,891 $134,253 $187,292 $104,638
2020 $125,495 $101,911 $82,848 $23,584
2019 $118,603 $129,726 $60,238 $-11,123
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