VESTAVIA HILLS CHAMBER OF COMMERCE… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

MICHELLE V HAWKINS

Phone

2058235011

Tax Period

2023-01-01 to 2023-12-31

VESTAVIA HILLS CHAMBER OF COMMERCE INC, founded in 1981, is a small nonprofit that reported $474K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO FOSTER, PROMOTE, ADVANCE AND IMPROVE THE ECONOMIC, CIVIC, EDUCATIONAL AND GENERAL BUSINESS CONDITIONS OF ITS MEMBERS AND THE VESTAVIA HILLS COMMUNITY.

Program Service Accomplishments

Program 1

MONTHLY LUNCHEONS- THE CHAMBER HOLDS MONTHLY LUNCHEON FOR MEMBERS AND GUESTS. GUEST SPEAKERS INVITED ON RECENT DEVELOPMENTS AND ISSUES WITHIN THE COMMUNITY AND STATE. FORUM ALSO USED FOR MAYOR AND...

MONTHLY LUNCHEONS- THE CHAMBER HOLDS MONTHLY LUNCHEON FOR MEMBERS AND GUESTS. GUEST SPEAKERS INVITED ON RECENT DEVELOPMENTS AND ISSUES WITHIN THE COMMUNITY AND STATE. FORUM ALSO USED FOR MAYOR AND SCHOOL SUPERINTENDENT TO PROVIDE AN ANNUAL UPDATE ON CURRENT ISSUES.

Program 2

NEWSLETTER AND ANNUAL MAGAZINE-THE CHAMBER STRIVES TO PROVIDE RESIDENTS, LOCAL BUSINESS, PARENTS AND STUDENTS CURRENT INFORMATION THROUGH BI-MONTHLY NEWSLETTERS PUBLISHED AND DISTRIBUTED THROUGHOUT THE COMMUNITY. AN ANNUAL MAGAZINE IS ALSO PUBLISHED WITH ARTICLES OF INTEREST NOTING LOCAL BUSINESS, PEOPLE AND EVENTS. THE QUALITY OF LIFE IN THE COMMUNITY IS HIGHLIGHTED.

Program 3

COMMUNITY EVENTS-THE CHAMBER HOSTS LOCAL EVENTS AND ACTIVITIES TO BRING RESIDENTS AND LOCAL BUINESS TOGETHER. ONE OF THESE IS THE ANNUAL "I LOVE AMERICA DAY" WHERE LOCAL BUSINESS SPONSORS ARE...

COMMUNITY EVENTS-THE CHAMBER HOSTS LOCAL EVENTS AND ACTIVITIES TO BRING RESIDENTS AND LOCAL BUINESS TOGETHER. ONE OF THESE IS THE ANNUAL "I LOVE AMERICA DAY" WHERE LOCAL BUSINESS SPONSORS ARE PROVIDED DIRECT ACCESS TO DISTRIBUTE INFORMATION, ETC. TO ALL ATTENDING. THE EVENING INCLUDES OUTDOOR ACTIVITIES, PATRIOTIC MUSIC AND FIREWORKS, AND IS ATTENDED BY PEOPLE FROM ALL OVER THE AREA.

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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 $337,517

Program Service Revenue $135,339

Investment Income $854

Other Revenue $635

TOTAL REVENUE $474,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,348

Fundraising Expenses $0

Other Expenses $209,312

TOTAL EXPENSES $496,660

Year-over-Year Comparison

	2023	2022	Change
Revenue	$474,345	$434,533	+0.1%
Expenses	$496,660	$514,027	0.0%
Net Income	$-22,315	$-79,494	-0.7%

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

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

$125,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE V HAWKINS	PRESIDENT	40.00	Officer	$125,000	$0	$125,000
CHRISTINA BABINEAUX	DIRECTOR	1.00	Director	$0	$0	$0
KERI BATES	V. CHAIR-MEM	3.00	Officer Director	$0	$0	$0
JAMIE BLACK	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR BURTON	DIRECTOR	1.00	Director	$0	$0	$0
BENNY E CHAMBLISS	TREASURER	5.00	Officer Director	$0	$0	$0
SANDRA CLEVELAND	IMMEDIATE PA	2.00	Director	$0	$0	$0
DONNIE DOBBINS	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
CLABE DOBBS	BOARD CHAIR-	5.00	Officer Director	$0	$0	$0
JOHN HENLEY	PAST CHAIR	2.00	Director	$0	$0	$0
ERIN HOLTZ	DIRECTOR	1.00	Director	$0	$0	$0
TYLER KIME	V. CHAIR-COM	3.00	Officer Director	$0	$0	$0
MARTY MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE MCREE	DIRECTOR	1.00	Director	$0	$0	$0
LINDA PARKER	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL PATTERSON	V. CHAIR-PUB	3.00	Officer Director	$0	$0	$0
JAMIE PURSELL	V. CHAIR-BUS	3.00	Officer 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	No data	No data	No data	No data
2023	$474,345	$496,660	$155,122	$-22,315
2022	$434,533	$514,027	$174,881	$-79,494
2021	$437,580	$431,603	$254,488	$5,977
2020	$339,879	$347,651	$248,319	$-7,772
2019	$395,870	$397,717	$255,963	$-1,847
2018	$410,599	$377,742	$257,236	$32,857

VESTAVIA HILLS CHAMBER OF COMMERCE INC