HANCOCK COUNTY CHAMBER OF COMMERCE (EIN 640203203) - Form 990 Financial Analysis & Trantor Score

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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

1925

Legal Domicile

Principal Officer

TISH WILLIAMS

Phone

2284679048

Tax Period

2023-01-01 to 2023-12-31

HANCOCK COUNTY CHAMBER OF COMMERCE, founded in 1925, is a small nonprofit that reported $430K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $411K left a modest 4% surplus.

Mission

TO PROMOTE THE CIVIC, ECONOMIC AND SOCIAL WELFARE OF THE PEOPLE OF HANCOCK COUNTY WITH PARTICULAR EMPHASIS UPON THE DEVELOPMENT OF JOBS AND PROMOTION OF RETAIL, INDUSTRIAL, AGRICULTURAL AND TOURISM BUSINESS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $247,288

Program Service Revenue $159,371

Investment Income $9,308

Other Revenue $14,184

TOTAL REVENUE $430,151

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,918

Fundraising Expenses $0

Other Expenses $162,207

TOTAL EXPENSES $411,125

Year-over-Year Comparison

	2023	2022	Change
Revenue	$430,151	$364,304	+0.2%
Expenses	$411,125	$452,345	-0.1%
Net Income	$19,026	$-88,041	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$132,346

Total Directors

$132,346

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGAN KANE	PRESIDENT	6.00	Officer Director	$0	$0	$0
HEATHER SMITH	VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
REA MONTJOY	TREASURER	6.00	Officer Director	$0	$0	$0
TISH WILLIAMS	SECRETARY/EXECUTIVE DIRECTOR	40.00	Officer Director	$132,346	$0	$132,346
DR RAYMUNDA BARNES	BOARD MEMBER	2.00	Director	$0	$0	$0
BAILEY BRASWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON CHINICHE	PAST PRESIDENT	4.00	Director	$0	$0	$0
JEREMY COMPRETTA	BOARD MEMBER	4.00	Director	$0	$0	$0
JOHN FERRUCCI	BOARD MEMBER	1.00	Director	$0	$0	$0
JANICE GUIDO	BOARD MEMBER	4.00	Director	$0	$0	$0
MARCUS LADNER	BOARD MEMBER	1.00	Director	$0	$0	$0
NIKKI MOON	BOARD MEMBER	4.00	Director	$0	$0	$0
MEG PAYMENT	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY PERKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY REGULA	BOARD MEMBER	1.00	Director	$0	$0	$0
LEO SEAL III	BOARD MEMBER	1.00	Director	$0	$0	$0
TERI WYLY	OFFICER	1.00	Officer Director	$0	$0	$0
ANGELYN ZERINGUE	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIN LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFERY EDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
TED LONGO	BOARD MEMBER	1.00	Director	$0	$0	$0
NOEL GRAFE	BOARD MEMBER	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	$430,151	$411,125	$469,059	$19,026
2022	$364,304	$452,345	$475,064	$-88,041
2021	$379,013	$332,275	$567,486	$46,738
2020	$297,567	$306,476	$517,749	$-8,909
2019	$411,239	$357,815	$356,085	$53,424
2018	$387,216	$462,363	$306,615	$-75,147

HANCOCK COUNTY CHAMBER OF COMMERCE