MAGNOLIA-COLUMBIA COUNTY CHAMBER O… - 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

1955

Legal Domicile

Phone

8702344352

Tax Period

2023-01-01 to 2023-12-31

MAGNOLIA-COLUMBIA COUNTY CHAMBER OF COMMERCE, founded in 1955, is a micro nonprofit that reported $22K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $140K exceeded revenue, resulting in a 529% operating deficit.

Mission

MARKET AND PROMOTE THE COUNTY AND CITY

Program Service Accomplishments

Program 1

Expenses: $45,544

MARKET THE CITY OF MAGNOLIA AND COLUMBIA COUNTY, ARKANSAS TO OUTSIDE BUSINESSES TO ATTRACT THEM TO THE LOCAL AREA. THE PURPOSE IS TO BRING JOBS AND GENERALLY IMPROVE THE QUALITY OF LIFE IN THE COUNTY.

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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 $135,957

Program Service Revenue $0

Investment Income $2,243

Other Revenue $-115,952

TOTAL REVENUE $22,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,846

Fundraising Expenses $0

Program Expenses $45,544

Other Expenses $97,049

TOTAL EXPENSES $139,895

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,248	$116,599	-0.8%
Expenses	$139,895	$149,595	-0.1%
Net Income	$-117,647	$-32,996	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leah Smith	Director	0.00	Director	$0	$0	$0
Bridget Joslin	Director	0.00	Director	$0	$0	$0
KIMBERLY JONES	Past President	0.00	Officer Director	$0	$0	$0
Andrew Moffett	President	0.00	Officer Director	$0	$0	$0
LEROY MARTIN	Director	0.00	Director	$0	$0	$0
Rachel Jenkins	Director	0.00	Officer Director	$0	$0	$0
Curt Walker	Vice President	0.00	Director	$0	$0	$0
Travis Arnold	Director	0.00	Director	$0	$0	$0
Melissa Franks	Director	0.00	Director	$0	$0	$0
Bryan Bolt	Second Vice Pre	0.00	Director	$0	$0	$0
Trevor Jones	Director	0.00	Director	$0	$0	$0
Andrew Hinkle	Director	0.00	Director	$0	$0	$0
Bonnie Keith	EXECUTIVE DIRECTOR	30.00		$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	$22,248	$139,895	$392,557	$-117,647
2022	$116,599	$149,595	$530,434	$-32,996
2021	$111,616	$119,968	$597,721	$-8,352
2020	$112,935	$104,564	$607,013	$8,371

MAGNOLIA-COLUMBIA COUNTY CHAMBER OF COMMERCE