GREENWOOD LEFLORE COUNTY CHAMBER OF COMMERCE INC

EIN: 640165490

GREENWOOD, MS

Total Revenue
$520,592
Total Expenses
$495,832
Total Assets
$430,191
Net Assets
$426,736
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
MS
Principal Officer
BETH STEVENS
Phone
6624534152
Tax Period
2023-01-01 to 2023-12-31

GREENWOOD LEFLORE COUNTY CHAMBER OF COMMERCE INC, founded in 1945, is a small nonprofit that reported $521K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $496K left a modest 5% surplus.

Mission

THE GREENWOOD-LEFLORE COUNTY CHAMBER OF COMMERCE IS MADE UP OF INVOLVED MEMBERS WHO ARE COMMITTED TO IMPROVING OUR COMMUNITY, ATTRACTING BUSINESSES, HAVING FUN, AND PROVIDING BENEFITS TO OURSELVES AND OUR COMMUNITY. WE ARE SUPPORTIVE OF ENDEAVORS TO IMPROVE THE QUALITY OF LIFE, FAIR BUSINESS, EDUCATIONAL NEEDS, QUALITY SERVICE, RECOGNITION OF ACHIEVEMENT, AND TO THESE ENDS, WE ARE SELF-TARGETED, PROVIDE A TEAM SPIRIT FOLLOW-UP OF WHICH EVERY CHAMBER MEMBER FEELS A PART. AS BUSINESS LEADERS, OUR CHAMBER PROMOTES FINANCIAL SOUNDNESS WITHIN, AND WITHOUT OUR ORGANIZATION. OUR SUCCESS IS DEPENDENT UPON SELF-DIRECTED PROGRAMMING THAT IS CREATIVE AND PROGRESSIVE - SERVING BUSINESS AND THE COMMUNITY

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $515,933
Investment Income $4,659
Other Revenue $0
TOTAL REVENUE $520,592

Expense Breakdown

Grants Paid $0
Salaries & Benefits $183,265
Fundraising Expenses $0
Other Expenses $312,567
TOTAL EXPENSES $495,832

Year-over-Year Comparison

2023 2022 Change
Revenue $520,592 $480,596 +0.1%
Expenses $495,832 $469,458 +0.1%
Net Income $24,760 $11,138 +1.2%
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
24
Independent Members
24
Employees
3
Volunteers
1500

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MILLER ARANT PRESIDENT-EL N/A
Officer
$0 $0 $0
BRIAN FINNEGAN VICE PRESIDE N/A
Officer
$0 $0 $0
TIM STANCIEL PAST PRESIDE N/A
Officer
$0 $0 $0
HUGH WARREN PRESIDENT N/A
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 $520,592 $495,832 $430,191 $24,760
2022 $480,596 $469,458 $405,971 $11,138
2021 $438,668 $442,617 $401,696 $-3,949
2020 $395,576 $421,582 $327,244 $-26,006
2019 $473,405 $447,067 $347,501 $26,338
2018 $475,746 $434,210 $334,204 $41,536
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