MONROE COUNTY CHAMBER OF COMMERCE

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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

1946

Legal Domicile

Principal Officer

JON ALEXANDER

Tax Period

2024-01-01 to 2024-12-31

MONROE COUNTY CHAMBER OF COMMERCE, founded in 1946, is a small nonprofit that reported $393K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $348K left a modest 11% surplus.

Mission

RECRUITMENT OF BUSINESS TO THE MONROE COUNTY AREA

Program Service Accomplishments

Program 1

RECRUIT NEW BUSINESS TO THE MONROE COUNTY AREA AND RETAIN THE CURRENT BUSINESS WE HAVE. ALSO TO PROMOTE THE RESOURCES AND PEOPLE OF MONROE COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $381,003

Program Service Revenue $0

Investment Income $11,762

Other Revenue $0

TOTAL REVENUE $392,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,856

Fundraising Expenses $0

Other Expenses $127,038

TOTAL EXPENSES $347,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$392,765	$352,215	+0.1%
Expenses	$347,894	$391,146	-0.1%
Net Income	$44,871	$-38,931	-2.2%

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

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
JON ALEXANDER	CHAIR	N/A	Officer Director	$0	$0	$0
TRACY ALLEN	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN ATKINS	DIRECTOR	N/A	Director	$0	$0	$0
JOE BRENNAN	TREASURER	N/A	Officer Director	$0	$0	$0
IVAN BRYANT	DIRECTOR	N/A	Director	$0	$0	$0
BUZZY CULLUM	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL COLE	DIRECTOR	N/A	Director	$0	$0	$0
DOUG FOWLKES	DIRECTOR	N/A	Director	$0	$0	$0
DR TOMMY FUGETT	DIRECTOR	N/A	Director	$0	$0	$0
STACY FORBUS	DIRECTOR	N/A	Director	$0	$0	$0
STEVE GASKIN	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL HARLOW	DIRECTOR	N/A	Director	$0	$0	$0
BILLY KIRKPATRICK	DIRECTOR	N/A	Director	$0	$0	$0
WES KIRKPATRICK	CHAIR ELECT	N/A	Officer Director	$0	$0	$0
DR LEN PINKLEY	DIRECTOR	N/A	Director	$0	$0	$0
JAMIE RODGERS	DIRECTOR	N/A	Director	$0	$0	$0
BARRY ROWLAND	DIRECTOR	N/A	Director	$0	$0	$0
MITZI SMITH	DIRECTOR	N/A	Director	$0	$0	$0
GLENN SUMMERS	DIRECTOR	N/A	Director	$0	$0	$0
SHANE WELLS	DIRECTOR	N/A	Director	$0	$0	$0
TALIA WORTH	DIRECTOR	N/A	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	$392,765	$347,894	$460,591	$44,871
2023	$352,215	$391,146	$416,296	$-38,931
2022	$379,330	$365,807	$455,127	$13,523
2021	$358,246	$374,438	$441,879	$-16,192
2020	$384,800	$290,169	$448,404	$94,631
2019	$376,131	$328,134	$348,565	$47,997
2018	$373,081	$295,694	$300,568	$77,387