SHOALS AREA CHAMBER FOUNDATION INC (EIN 631143838) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Tax Period

2022-04-01 to 2023-03-31

SHOALS AREA CHAMBER FOUNDATION INC, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $147K in total revenue in fiscal year 2019. Expenses of $174K exceeded revenue, resulting in a 18% operating deficit.

Mission

BENEFIT 501(C)6 SHOALS AREA CHAMBER OF COMMERCE

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,350

Program Service Revenue $82,699

Investment Income $1,142

Other Revenue $30,837

TOTAL REVENUE $117,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,530

Other Expenses $93,530

TOTAL EXPENSES $93,530

Year-over-Year Comparison

	2022	2021	Change
Revenue	$117,028	$159,477	-0.3%
Expenses	$93,530	$108,385	-0.1%
Net Income	$23,498	$51,092	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUMPHREY LEE	BOARD MEMBER	2.00	Director	$0	$0	$0
JACKIE HENDRIX	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK REID	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID MUHLENDORF	BOARD MEMBER	5.00	Director	$0	$0	$0
RYAN MOORE	CHAIRMAN	5.00	Officer	$0	$0	$0
JILL ANDREWS	VICE CHAIRMAN	2.00	Officer	$0	$0	$0
CAITLIN BURNS	SECRETARY	5.00	Officer	$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
2023	$117,028	$93,530	$221,764	$23,498
2022	$159,477	$108,385	$198,266	$51,092
2021	$131,247	$49,726	$147,174	$81,521
2020	$147,192	$174,326	$65,653	$-27,134

SHOALS AREA CHAMBER FOUNDATION INC