CONWAY AREA CHAMBER OF COMMERCE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1927

Legal Domicile

Principal Officer

BRAD LACY

Phone

5013277788

Tax Period

2023-01-01 to 2023-12-31

CONWAY AREA CHAMBER OF COMMERCE, founded in 1927, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROMOTE LOCAL AREA BUSINESSES IN THE CITY OF CONWAY, ARKANSAS WHO ARE MEMBERS OF THE ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $1,864,052 Revenue: $1,387,281

SPECIAL PROJECT TO PROMOTE THE CITY OF CONWAY, AR

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $465,831

Program Service Revenue $1,387,281

Investment Income $24,424

Other Revenue $252,583

TOTAL REVENUE $2,130,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,034,017

Fundraising Expenses $0

Program Expenses $1,864,052

Other Expenses $1,321,842

TOTAL EXPENSES $2,355,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,130,119	$1,871,746	+0.1%
Expenses	$2,355,859	$1,844,920	+0.3%
Net Income	$-225,740	$26,826	-9.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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
CATE MCCONNELL	PAST CHAIR	10.00	Officer Director	$0	$0	$0
DREW GAINOR	CHAIR	10.00	Officer Director	$0	$0	$0
BRAD LACY	SECRETARY	10.00	Officer Director	$0	$0	$0
KORRY GARRETT	VICE CHAIR	10.00	Officer Director	$0	$0	$0
MATT TROUP	TREASURER	10.00	Officer Director	$0	$0	$0
LINDSAY HENDERSON	CHIEF REVENUE OFFICER	40.00	Highest	$208,538	$0	$208,538
LEO CUMMINGS	DIRECTOR OF SALES & MEMBER	40.00	Highest	$133,820	$0	$133,820

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
2023	$2,130,119	$2,355,859	$1,556,400	$-225,740
2022	$1,871,746	$1,844,920	$1,655,208	$26,826
2021	$1,863,748	$1,666,875	$1,656,514	$196,873
2021	$1,770,031	$1,666,875	$1,487,753	$103,156
2020	$1,428,412	$1,335,848	$1,338,778	$92,564
2020	$1,503,456	$1,335,848	$1,413,822	$167,608
2019	$1,633,648	$1,634,111	$1,230,527	$-463
2018	$1,595,202	$1,625,911	$1,253,250	$-30,709