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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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 $803K in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. Expenses of $997K exceeded revenue, resulting in a 24% operating deficit.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $485,333

EXPENSES RELATED TO THE HISTORICAL PRESERVATION AND PROMOTION OF THE MONTGOMERY AREA.

Program 2
Expenses: $36,781 Revenue: $49,711

EXPENSES RELATED TO ASSISTING SMALL BUSINESSES IN THE MONTGOMERY AREA. THIS INCLUDES EXPENSES FOR OPERATIONS OF THE BUSINESS RESOURCE CENTER AS WELL AS A COVID GRANT FUND, BOTH OF WHICH HAVE THE...

Read more

EXPENSES RELATED TO ASSISTING SMALL BUSINESSES IN THE MONTGOMERY AREA. THIS INCLUDES EXPENSES FOR OPERATIONS OF THE BUSINESS RESOURCE CENTER AS WELL AS A COVID GRANT FUND, BOTH OF WHICH HAVE THE PURPOSE OF REDUCING UNEMPLOYMENT AND INCREASING THE NUMBER OF QUALITY JOBS.

Program 3
Expenses: $160,902

EXPENSES RELATED TO EDUCATION AND LEADERSHIP INCLUDING SPONSORSHIP OF BACCALAUREATE WORKSHOPS AND LEADERSHIP ACADEMY PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
→Top 100 Nonprofits in Alabama →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MONTGOMERY AREA CHAMBER OF COMMERCE FOUNDATION INC with other nonprofits in Alabama and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.