Hartselle Area Chamber of Commerce

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

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 $402K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $136K, a strong 34% operating margin.

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.

Program Service Accomplishments

Program 1

Promoting the economic and social well being of the people of Hartselle area by providing networking events and festivals for the City of Hartselle and it's citizens.

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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%)

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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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

N/A

Employees

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

$93,484

Total Directors

Key Employees

Highest Compensated

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