HARRISON REGIONAL CHAMBER OF COMME… - 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

1966

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

HARRISON REGIONAL CHAMBER OF COMMERCE, founded in 1966, is a small nonprofit that reported $384K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $466K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO BE RECOGNIZED AS THE PREMIER BUSINESS ORGANIZATION INFLUCNEING HARRISONS AND THE GREATER BOONE COUNTYS ECONOMIC AND BUSINESS DEVELOPMENT THROUGH LEADERSHIP, EDUCATION, AND INVESTOR PARTNERSHIPS.

Program Service Accomplishments

Program 1

Expenses: $88,687 Revenue: $24,921

PROGRAM SERVICES AND EXPENSES CONSIST OF CHAMBER OF COMMERCE SPONSORED EVENTS WHICHPROMOTE INDUSTRY, TOURISM, CIVIC INTEREST, AND ECONOMIC DEVELOPMENT IN THE HARRISON,ARKANSAS AREA. OUTPUT IS NOT...

PROGRAM SERVICES AND EXPENSES CONSIST OF CHAMBER OF COMMERCE SPONSORED EVENTS WHICHPROMOTE INDUSTRY, TOURISM, CIVIC INTEREST, AND ECONOMIC DEVELOPMENT IN THE HARRISON,ARKANSAS AREA. OUTPUT IS NOT QUANTIFIABLE.

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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 $352,059

Program Service Revenue $24,921

Investment Income $0

Other Revenue $7,253

TOTAL REVENUE $384,233

Expense Breakdown

Grants Paid $25,853

Salaries & Benefits $270,822

Fundraising Expenses $0

Program Expenses $88,687

Other Expenses $169,459

TOTAL EXPENSES $466,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$384,233	$441,073	-0.1%
Expenses	$466,134	$389,046	+0.2%
Net Income	$-81,901	$52,027	-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
WILSON MARSEILLES	PRESIDENT	40.00		$73,720	$0	$73,720
MIKE NABORS	DIRECTOR	0.00	Director	$0	$0	$0
SCOTT TENNYSON	DIRECTOR	0.00	Director	$0	$0	$0
STEWART PRATT	DIRECTOR	0.00	Director	$0	$0	$0
TARA WILLMOTT	CHAIR	0.00	Director	$0	$0	$0
JOAN BELL	DIRECTOR	0.00	Director	$0	$0	$0
SCOTT MILLER	TREASURER	0.00	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	$384,233	$466,134	$89,149	$-81,901
2022	$441,073	$389,046	$173,081	$52,027
2021	$323,078	$294,994	$120,190	$28,084
2020	$292,774	$267,858	$89,681	$24,916
2019	$290,935	$297,568	$67,390	$-6,633
2018	$263,144	$268,732	$69,809	$-5,588

HARRISON REGIONAL CHAMBER OF COMMERCE