CITY OF MADISON CHAMBER OF COMMERCE

EIN: 640746166

MADISON, MS

Total Revenue
$226,017
Total Expenses
$212,405
Total Assets
$353,792
Net Assets
$353,592
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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
1987
Legal Domicile
MS
Principal Officer
LANDON THOMPSON
Phone
6018563681
Tax Period
2020-01-01 to 2020-12-31

CITY OF MADISON CHAMBER OF COMMERCE, founded in 1987, is a small nonprofit that reported $226K in total revenue in fiscal year 2020. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $212K left a modest 6% surplus.

Mission

MADISON THE CITY CHAMBER OF COMMERCE IS A NOT-FOR-PROFIT ORGANIZATION COMPRISED OF BUSINESSES, PROFESSIONALS AND VOLUNTEERS WHOSE MISSION IS TO PROVIDE LEADERSHIP FOR THE ADVANCEMENT OF ECONOMIC VITALITY AND QUALITY OF LIFE FOR THE TOTAL COMMUNITY.

Program Service Accomplishments

Program 1

AMBASSADOR PROGRAM - THE AMBASSADOR PROGRAM WAS ESTABLISHED AS A COALITION OF BUSINESS PROFESSIONALS WHO ACT AS CHAMBER REPRESENTATIVES WITHIN THE BUSINESS COMMUNITY. THE AMBASSADORS ARE AN...

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AMBASSADOR PROGRAM - THE AMBASSADOR PROGRAM WAS ESTABLISHED AS A COALITION OF BUSINESS PROFESSIONALS WHO ACT AS CHAMBER REPRESENTATIVES WITHIN THE BUSINESS COMMUNITY. THE AMBASSADORS ARE AN ALL-VOLUNTEER COMMITTEE COMPRISED OF MEN AND WOMEN OF CHAMBER MEMBER FIRMS WHO SERVE AS THE GOODWILL ARM OF THE CHAMBER AND THUS ARE CHARGED WITH EXTENDING THE HAND OF FRIENDSHIP TO NEW AND OLD MEMBERS ALIKE. THE AMBASSADORS PROMOTE RETENTION BY WELCOMING NEW MEMBERS, MAKING GOODWILL CALLS, ASSISTING WITH RIBBON CUTTINGS AND OTHER MEMBER EVENTS AND ATTENDING VARIOUS CHAMBER FUNCTIONS. THE CHAMBER RELIES ON THE AMBASSADORS TO AID IN RELAYING INFORMATION TO AND FROM MEMBERS, IDENTIFYING MEMBER CONCERNS AND GARNERING SUPPORT FOR THE CHAMBER. THE AMBASSADORS SERVE TO CREATE AND ADMINISTER AN INTEGRATED AWARENESS OF AND INVOLVEMENT IN MADISON THE CITY CHAMBER OF COMMERCE. THE GROUP STRIVES TO ASSIST IN FULFILLING THE CHAMBER'S MISSION TO IMPROVE THE BUSINESS CLIMATE, ECONOMY, AND QUALITY OF LIFE IN THE CITY OF MADISON.

Program 2

JUNIOR AMBASSADOR PROGRAM - THE JUNIOR AMBASSADOR PROGRAM SEEKS TO REACH OUT TO THOSE YOUTH WHO ARE THE NEXT GENERATION OF LEADERS FOR THE CITY OF MADISON. THE PROGRAM PREPARES THE STUDENTS FOR...

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JUNIOR AMBASSADOR PROGRAM - THE JUNIOR AMBASSADOR PROGRAM SEEKS TO REACH OUT TO THOSE YOUTH WHO ARE THE NEXT GENERATION OF LEADERS FOR THE CITY OF MADISON. THE PROGRAM PREPARES THE STUDENTS FOR CONSTRUCTIVE AND RESPONSIBLE PARTICIPATION IN COMMUNITY AFFAIRS AS WELL AS FURTHERING THE MISSION OF MADISON THE CITY CHAMBER OF COMMERCE, WHICH IS TO SUPPORT, PROMOTE AND ATTRACT BUSINESS FOR THE ADVANCEMENT OF THE COMMUNITY. THROUGHOUT THE YEAR LONG PROGRAM, STUDENTS EXPLORE OUR COMMUNITY - ITS RESOURCES, LEADERSHIP NEEDS, ISSUES AND OPPORTUNITIES. THEY SHARE IDEAS AND LEARN WHAT IT TAKES TO WORK TOGETHER AND TO BECOME DECISION-MAKERS. THEY EXAMINE HOW TO DEVELOP THE ABILITIES AND SKILLS NEEDED TO BE RESPONSIBLE PARTICIPANTS IN COMMUNITY AFFAIRS. THIS PROGRAM IS DESIGNED TO MOTIVATE STUDENTS TO THINK SERIOUSLY ABOUT THE ROLE THEY'D LIKE TO PLAY AND THE DIFFERENCE THEY CAN MAKE IN THEIR COMMUNITY. A KEY COMPONENT IN THE PROGRAM IS LEADERSHIP TRAINING - ALLOWING THE STUDENTS TO PRACTICE THEIR OWN UNIQUE STYLES OF LEADERSHIP IN A GROUP ENVIRONMENT.

Program 3

RETIREMENT PROGRAM - THE CHAMBER'S RETIREMENT PROGRAM IS THE CITY'S OFFICIAL PROMOTIONAL ARM OF MADISON AS AN IDEAL RETIREMENT COMMUNITY, AND OUR BEST TOOLS ARE THOSE RETIREES WHO HAVE SELECTED...

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RETIREMENT PROGRAM - THE CHAMBER'S RETIREMENT PROGRAM IS THE CITY'S OFFICIAL PROMOTIONAL ARM OF MADISON AS AN IDEAL RETIREMENT COMMUNITY, AND OUR BEST TOOLS ARE THOSE RETIREES WHO HAVE SELECTED MADISON AS THEIR HOME. THE CHAMBER AND THE CITY ACTIVELY PROMOTE MADISON AS A RETIREMENT HAVEN BY PROVIDING NUMEROUS RECREATIONAL, EDUCATIONAL AND CULTURAL OPPORTUNITIES FOR RETIREES IN 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 (2020)

Revenue Breakdown

Contributions & Grants $83,365
Program Service Revenue $141,956
Investment Income $696
Other Revenue $0
TOTAL REVENUE $226,017

Expense Breakdown

Grants Paid $0
Salaries & Benefits $134,991
Fundraising Expenses $0
Other Expenses $77,414
TOTAL EXPENSES $212,405

Year-over-Year Comparison

2020 2019 Change
Revenue $226,017 $309,865 -0.3%
Expenses $212,405 $295,013 -0.3%
Net Income $13,612 $14,852 -0.1%
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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Governance

Voting Members
11
Independent Members
11
Employees
6
Volunteers
250

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
5
$69,418
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH F TYLER EXECUTIVE DI 2.00
Officer
$69,418 $0 $69,418
ASHLEY BACH BOARD MEMBER 2.00
Director
$0 $0 $0
NICOLET BELL BOARD MEMBER 2.00
Director
$0 $0 $0
TERESA DILLON BOARD MEMBER 2.00
Director
$0 $0 $0
FELICHIA FIELDS BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN HEGI BOARD MEMBER 2.00
Director
$0 $0 $0
MARTHA HOUSE TREASURER 2.00
Officer Director
$0 $0 $0
SHARI JONES PRESIDENT 2.00
Officer Director
$0 $0 $0
CASEY SMITH BOARD MEMBER 2.00
Director
$0 $0 $0
JUSTIN SUBER PAST PRESIDE 2.00
Officer Director
$0 $0 $0
LANDON THOMPSON PRESIDENTIAL 2.00
Officer 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
2020 $226,017 $212,405 $353,792 $13,612
2019 $309,865 $295,013 $345,712 $14,852
2018 $290,754 $277,771 $331,009 $12,983
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