Chamber of Commerce of Centre AL

EIN: 630985234

Centre, AL

Total Revenue
$465,953
Total Expenses
$367,476
Total Assets
$251,402
Net Assets
$251,402
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
AL
Principal Officer
Joy Perry
Phone
2569278455
Tax Period
2024-05-01 to 2025-04-30

CHAMBER OF COMMERCE OF CENTRE ALABAMA, founded in 1994, is a small nonprofit that reported $267K in total revenue in fiscal year 2018. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $258K left a modest 4% surplus.

Mission

The Chambers mission is to promote Cherokee County, Alabama

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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 (2024)

Revenue Breakdown

Contributions & Grants $463,429
Program Service Revenue $0
Investment Income $2,524
Other Revenue $0
TOTAL REVENUE $465,953

Expense Breakdown

Grants Paid $0
Salaries & Benefits $131,113
Fundraising Expenses $0
Other Expenses $234,363
TOTAL EXPENSES $367,476

Year-over-Year Comparison

2024 2023 Change
Revenue $465,953 $356,048 +0.3%
Expenses $367,476 $357,420 +0.0%
Net Income $98,477 $-1,372 -72.8%
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
24
Independent Members
24
Employees
2
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
4
$46,615
Total Directors
21
$0
Key Employees
1
$74,769
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beverly Edwards Chairman 1.00
Officer
$0 $0 $0
Bill Warren Past Chair 1.00
Officer
$0 $0 $0
Craig Gilley Treasurer 1.00
Officer
$0 $0 $0
Aimee Kilgo Secretary 1.00
Director
$0 $0 $0
Jamie Abernathy Board Member 1.00
Director
$0 $0 $0
Beth Baker Board Member 1.00
Director
$0 $0 $0
Dan Bevels Board Member 1.00
Director
$0 $0 $0
Tim Burgess Board Member 1.00
Director
$0 $0 $0
Jennifer Cambron Board Member 1.00
Director
$0 $0 $0
Tammy Crane Board Member 1.00
Director
$0 $0 $0
Jason Dawson Board Member 1.00
Director
$0 $0 $0
Pam Dorsett Board Member 1.00
Director
$0 $0 $0
Gene Farmer Board Member 1.00
Director
$0 $0 $0
Mark Gossett Board Member 1.00
Director
$0 $0 $0
Cathy Griffeth Board Member 1.00
Director
$0 $0 $0
Jed Lockridge Board Member 1.00
Director
$0 $0 $0
Mark Mansfield Board Member 1.00
Director
$0 $0 $0
Kadie Nowak Board Member 1.00
Director
$0 $0 $0
Brandy Pierce Board Member 1.00
Director
$0 $0 $0
Brent Poole Board Member 1.00
Director
$0 $0 $0
Liz Stafford Board Member 1.00
Director
$0 $0 $0
Stephanie Whitehead Board Member 1.00
Director
$0 $0 $0
Stacy Higgins Board Member 1.00
Director
$0 $0 $0
Danny McWilliams Board Member 1.00
Director
$0 $0 $0
Leanne Lockridge Member Manager 40.00
Officer
$46,615 $0 $46,615
Joy Perry Executive Director 32.00
Key Emp
$74,769 $0 $74,769
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
2025 $465,953 $367,476 $251,402 $98,477
2024 $356,048 $357,420 $160,535 $-1,372
2023 $376,013 $340,013 $162,966 $36,000
2022 $352,733 $328,740 $111,922 $23,993
2021 $271,604 $254,130 $92,433 $17,474
2020 $247,898 $214,093 $70,455 $33,805
2019 $267,415 $257,715 $36,650 $9,700
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