HUNTSVILLE MADISON COUNTY CHAMBER OF COMMERCE FOUNDATION INC

EIN: 630938561 501(c)(3) Community Improvement

HUNTSVILLE, AL

Total Revenue
$313,327
Total Expenses
$298,724
Total Assets
$2,587,249
Net Assets
$183,789
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
AL
Principal Officer
RONALD POTEAT
Phone
2565352014
Tax Period
2023-01-01 to 2023-12-31

HUNTSVILLE MADISON COUNTY CHAMBER OF COMMERCE FOUNDATION INC, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $110K in total revenue in fiscal year 2018. Revenue surged 167% from the prior year, signaling strong growth momentum.

Mission

SUPPORT OF LOCAL EDUCATIONAL PROGRAMS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $313,327
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $313,327

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $276,092
Other Expenses $298,724
TOTAL EXPENSES $298,724

Year-over-Year Comparison

2023 2022 Change
Revenue $313,327 $46,030 +5.8%
Expenses $298,724 $27,327 +9.9%
Net Income $14,603 $18,703 -0.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
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
2
$0
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANI LATHAM DIRECTOR 1.00
Director
$0 $0 $0
RON POTEAT DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY WIGGS DIRECTOR 1.00
Director
$0 $0 $0
EDDIE MIDGETT DIRECTOR 1.00
Director
$0 $0 $0
LAURENTIS BARNETT DIRECTOR 1.00
Director
$0 $0 $0
GARY BOLTON DIRECTOR 1.00
Director
$0 $0 $0
RANDALL 'GLINT' CARTNER DIRECTOR 1.00
Director
$0 $0 $0
GRAHAM FOSTER TREASURER 1.00
Officer Director
$0 $0 $0
TARA JACKSON DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE JORDAN DIRECTOR 1.00
Director
$0 $0 $0
ALLISON RHEN DIRECTOR 1.00
Director
$0 $0 $0
ELISE TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
GREG BROWN DIRECTOR 1.00
Director
$0 $0 $0
CHIP CHERRY PRESIDENT 2.00
Officer Director
$0 $0 $0
ELIZABETH FLEMING DIRECTOR 1.00
Director
$0 $0 $0
CAROLYN HENDERSON DIRECTOR 1.00
Director
$0 $0 $0
JIMMY HODGES DIRECTOR 1.00
Director
$0 $0 $0
KEN KUBIK DIRECTOR 1.00
Director
$0 $0 $0
SEAN MAGERS DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE MCCULLOCH DIRECTOR 1.00
Director
$0 $0 $0
MICHELE MORRIS DIRECTOR 1.00
Director
$0 $0 $0
ED NICHOLS DIRECTOR 1.00
Director
$0 $0 $0
BETH RICHARDSON DIRECTOR 1.00
Director
$0 $0 $0
JEANNE GREER DIRECTOR 1.00
Director
$0 $0 $0
LUCIA CAPE DIRECTOR 1.00
Director
$0 $0 $0
ANNIE DAVIS DIRECTOR 1.00
Director
$0 $0 $0
LYNDSAY FERGUSON DIRECTOR 1.00
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 $313,327 $298,724 $2,587,249 $14,603
2022 $46,030 $27,327 $231,282 $18,703
2021 $257,523 $229,741 $153,588 $27,782
2020 $284,300 $305,636 $134,997 $-21,336
2019 $481,597 $400,576 $168,452 $81,021
2018 $110,416 $110,416 $504,456 No data
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