CLINTON 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

1965

Legal Domicile

Principal Officer

NATHAN CUMMINS

Phone

6019245912

Tax Period

2023-01-01 to 2023-12-31

CLINTON CHAMBER OF COMMERCE, founded in 1965, is a small nonprofit that reported $270K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

THE CLINTON CHAMBER OF COMMERCE WAS ORGANIZED FOR THE PURPOSE OF ADVANCING THE COMMERCIAL, INDUSTRIAL, CIVIC AND GENERAL INTEREST OF THE CITY OF CLINTON AND ITS TRADE AREA.

Program Service Accomplishments

Program 1

Expenses: $18,758

LUNCHEONS - THE ANNUAL PUBLIC SERVICE APPRECIATION LUNCHEON HONORS PUBLIC SERVANTS AND OUTSTANDING PUBLIC SAFETY AND CITY EMPLOYEES. THE ANNUAL EDUCATION RECOGNITION LUNCHEON RECOGNIZES OUTSTANDING...

Program 2

Expenses: $189,851

SPONSORING VARIOUS EVENTS TO ENHANCE COMMUNITY AND BUSINESS FELLOWSHIP. ENTERTAINMENT EVENTS INCLUDED THE 4TH ANNUAL RED BRICK ROADS MUSIC AND ARTS FESTIVAL IN PARTNERSHIP WITH MAIN STREET CLINTON...

SPONSORING VARIOUS EVENTS TO ENHANCE COMMUNITY AND BUSINESS FELLOWSHIP. ENTERTAINMENT EVENTS INCLUDED THE 4TH ANNUAL RED BRICK ROADS MUSIC AND ARTS FESTIVAL IN PARTNERSHIP WITH MAIN STREET CLINTON THAT WAS WAS ATTENDED BY APPROXIMATELY 5000, THE ANNUAL CHRISTMAS PARADE WITH 1500 PARTICIPANTS, AND TASTE OF THE TOWN IN PARTNERSHIP WITH MAIN STREET CLINTON. BUSINESS SUPPORT ACTIVITIES SUCH AS BLOCK PARTIES; RIBBON CUTTINGS; COMMUNITY PROFILE AND MEMBERSHIP DIRECTORY AND THE CHAMBER NEWSLETTER PUBLISHED MONTHLY IN THE CLINTON COURIER AND OTHER BUSINESS PROMOTIONS.

Program 3

Expenses: $17,413

LEADERSHIP PROGRAMS - CLINTON CHAMBER YOUTH LEADERSHIP IS A PROGRAM THAT ENGAGES HIGH SCHOOL JUNIORS AND SENIORS IN EDUCATIONAL SESSSIONS AND VOLUNTEER OPPORTUNITIES WITH. LEADERSHIP CLINTON IS A...

LEADERSHIP PROGRAMS - CLINTON CHAMBER YOUTH LEADERSHIP IS A PROGRAM THAT ENGAGES HIGH SCHOOL JUNIORS AND SENIORS IN EDUCATIONAL SESSSIONS AND VOLUNTEER OPPORTUNITIES WITH. LEADERSHIP CLINTON IS A COMPREHENSIVE EDUCATIONAL PROGRAM DESIGNED TO TAP A DIVERSE BASE OF EMERGING LEADERS AND DEVELOP THEM INTO INFORMED, MOTIVATED COMMUNITY PARTICIPANTS.

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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 $150,493

Program Service Revenue $119,989

Investment Income $12

Other Revenue $0

TOTAL REVENUE $270,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,119

Fundraising Expenses $11,559

Program Expenses $226,022

Other Expenses $186,883

TOTAL EXPENSES $285,002

Year-over-Year Comparison

	2023	2022	Change
Revenue	$270,494	$303,138	-0.1%
Expenses	$285,002	$268,256	+0.1%
Net Income	$-14,508	$34,882	-1.4%

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

$50,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORETTA FRAZIER	PRESIDENT	2.00	Officer Director	$0	$0	$0
CLAY MANSELL	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
GEORGE BROADSTREET	TREASURER	4.00	Officer Director	$0	$0	$0
TRONNIE LACY	SECRETARY	4.00	Officer Director	$0	$0	$0
JOSH BOWER	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
NATHAN CUMMINS	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
TARA LYTAL	BOARD MEMBER	2.00	Director	$0	$0	$0
DEREK ADAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
MELISSA ROBBINS	BOARD MEMBER	2.00	Director	$0	$0	$0
TIA MCARTHUR	BOARD MEMBER	2.00	Director	$0	$0	$0
TIM BRUSS	BOARD MEMBER	2.00	Director	$0	$0	$0
TANNER DEYOUNG	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIN DIXON	BOARD MEMBER	2.00	Director	$0	$0	$0
WENDY HUTCHINS	BOARD MEMBER	2.00	Director	$0	$0	$0
CLAY MANSELL MORRIS	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD KOSTAL	BOARD MEMBER	2.00	Director	$0	$0	$0
RICKI GARRETT	BOARD MEMBER	2.00	Director	$0	$0	$0
TAYLOR ORMON	BOARD MEMBER	2.00	Director	$0	$0	$0
WILL PURDIE	BOARD MEMBER	2.00	Director	$0	$0	$0
BROCK WILLIAMSON	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNA NUTT	EXECUTIVE DIRECTOR	40.00	Officer	$50,000	$0	$50,000

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	$270,494	$285,002	$99,946	$-14,508
2022	$303,138	$268,256	$116,543	$34,882
2021	$271,075	$273,119	$125,194	$-2,044
2020	$191,952	$183,179	$151,498	$8,773
2019	$310,038	$302,422	$112,920	$7,616
2018	$292,809	$301,259	$144,719	$-8,450