CHAMBER OF COMMERCE OF THE CITY OF… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

LINDA BYNUM

Phone

6019919996

Tax Period

2023-01-01 to 2023-12-31

CHAMBER OF COMMERCE OF THE CITY OF RIDGELAND, founded in 1993, is a small nonprofit that reported $238K in total revenue in fiscal year 2023.

Mission

THE CHAMBER WAS FORMED TO PROMOTE BUSINESS AND COMMUNITY GROWTH FOR THE CITY OF RIDGELAND, MS.

Program Service Accomplishments

Program 1

THE CHAMBER WAS FORMED TO PROMOTE BUSINESS AND COMMUNITY GROWTH FOR THE CITY OF RIDGELAND, MS.

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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 $174,855

Program Service Revenue $54,977

Investment Income $2,940

Other Revenue $5,301

TOTAL REVENUE $238,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,114

Fundraising Expenses $0

Other Expenses $71,745

TOTAL EXPENSES $247,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$238,073	$242,961	0.0%
Expenses	$247,859	$245,717	+0.0%
Net Income	$-9,786	$-2,756	+2.6%

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
DAN AMBROSINO	BOARD MEMBER	N/A	Director	$0	$0	$0
RAY BALENTINE	PRESIDENT	N/A	Officer Director	$0	$0	$0
NATHAN BEST	TREASURER	N/A	Officer Director	$0	$0	$0
SHAWN COCHRAN	BOARD MEMBER	N/A	Director	$0	$0	$0
CECIL HARPER	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
CHRIS HEMPHILL	BOARD MEMBER	N/A	Director	$0	$0	$0
TIM MAGANDY	BOARD MEMBER	N/A	Director	$0	$0	$0
DEONTE OSCAR	BOARD MEMBER	N/A	Director	$0	$0	$0
CARLA PALMER	BOARD MEMBER	N/A	Director	$0	$0	$0
JAY BRUCE REBER	BOARD MEMBER	N/A	Director	$0	$0	$0
JEREMY RODDEN	BOARD MEMBER	N/A	Director	$0	$0	$0
TOM STEADMAN	BOARD MEMBER	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	No data	No data	No data	No data
2023	$238,073	$247,859	$213,375	$-9,786
2022	$242,961	$245,717	$208,826	$-2,756
2021	$246,399	$244,296	$227,160	$2,103
2020	$205,053	$239,745	$216,937	$-34,692
2019	$230,297	$258,800	$242,311	$-28,503
2018	$213,843	$264,801	$275,784	$-50,958

CHAMBER OF COMMERCE OF THE CITY OF RIDGELAND