MONTGOMERY AREA CHAMBER OF COMMERCE FOUNDATION INC

EIN: 630862043 501(c)(3) Community Improvement

MONTGOMERY, AL

Total Revenue
$803,217
Total Expenses
$996,806
Total Assets
$2,329,804
Net Assets
$2,323,849
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
AL
Principal Officer
ANNA BUCKALEW
Phone
3348345200
Tax Period
2024-01-01 to 2024-12-31

MONTGOMERY AREA CHAMBER OF COMMERCE FOUNDATION INC, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $305K in total revenue in fiscal year 2018. Revenue decreased 13% compared to the prior year. Expenses of $401K exceeded revenue, resulting in a 32% operating deficit.

Mission

PROMOTE CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND CULTURAL ACTIVITIES IN THE CITY OF MONTGOMERY, ALABAMA.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $902,054
Program Service Revenue $49,711
Investment Income $1,223
Other Revenue $-149,771
TOTAL REVENUE $803,217

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $683,016
Other Expenses $996,806
TOTAL EXPENSES $996,806

Year-over-Year Comparison

2024 2023 Change
Revenue $803,217 $405,581 +1.0%
Expenses $996,806 $313,167 +2.2%
Net Income $-193,589 $92,414 -3.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
10

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
$347,214
Total Directors
7
$347,214
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LABARRON BOONE CHAIRMAN 1.00
Officer Director
$0 $0 $0
CARYN HUGHES DIRECTOR 1.00
Director
$0 $0 $0
STACIA ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT BIRMINGHAM DIRECTOR 1.00
Director
$0 $0 $0
LESLIE SANDERS DIRECTOR 1.00
Director
$0 $0 $0
RUSS TYNER DIRECTOR 1.00
Director
$0 $0 $0
ANNA BUCKALEW EXECUTIVE DI 40.00
Officer Director
$0 $23,841 $347,214
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 $803,217 $996,806 $2,329,804 $-193,589
2023 $405,581 $313,167 $2,524,151 $92,414
2022 $-226,842 $303,152 $2,461,877 $-529,994
2021 $137,654 $255,925 $2,992,600 $-118,271
2020 $1,069,258 $765,206 $3,110,454 $304,052
2019 $388,184 $427,030 $2,810,043 $-38,846
2018 $304,672 $400,803 $3,524,186 $-96,131
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