MONROE CHAMBER OF COMMERCE INC (EIN 720263750) - Form 990 Financial Analysis & Trantor Score

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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

1947

Legal Domicile

Phone

3188074015

Tax Period

2023-01-01 to 2023-12-31

MONROE CHAMBER OF COMMERCE INC, founded in 1947, is a small nonprofit that reported $956K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

TO ADVANCE AND PROTECT THE GENERAL WELFARE AND PROSPERITY OF OUACHITA PARISH AND THE SURROUNDING AREAS SO THAT THE BUSINESS COMMUNITY AND ITS CITIZENS SHALL PROSPER. ALL APPROPRIATE AND NECESSARY MEANS OF PROMOTION SHALL BE PROVIDED AND PARTICULAR ATTENTION SHALL BE GIVEN TO THE ECONOMIC, FINANCIAL, COMMERICAL, AGRICULTURAL, INDUSTRIAL, GOVERNMENTAL, EDUCATIONAL AND CIVIC ACTIVITIES OF THE REGION.

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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 $66,716

Program Service Revenue $800,622

Investment Income $0

Other Revenue $88,506

TOTAL REVENUE $955,844

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,311

Fundraising Expenses $0

Other Expenses $582,996

TOTAL EXPENSES $971,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$955,844	$732,751	+0.3%
Expenses	$971,307	$708,519	+0.4%
Net Income	$-15,463	$24,232	-1.6%

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

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

$120,542

Total Directors

$120,542

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROY HEATHERLY	President & CEO	40.00	Officer Director	$120,542	$0	$120,542
MARK KENT ANDERSON JR	BOARD MEMBER	0.00	Director	$0	$0	$0
IKE BYRD	BOARD MEMBER	0.00	Director	$0	$0	$0
CHRISTINA DAVIS	BOARD MEMBER	0.00	Director	$0	$0	$0
TAYLOR CAGLE	BOARD MEMBER	0.00	Director	$0	$0	$0
JOSH ETHERIDGE	BOARD MEMBER	0.00	Director	$0	$0	$0
QUENTIN DURR	BOARD MEMBER	0.00	Director	$0	$0	$0
STEWART EWING	BOARD MEMBER	0.00	Director	$0	$0	$0
JAY MULHERN	BOARD MEMBER	0.00	Director	$0	$0	$0
KIRSTEN GLADEN	BOARD MEMBER	0.00	Director	$0	$0	$0
ALBERTA GREEN	BOARD MEMBER	0.00	Director	$0	$0	$0
AIMEE KANE	VP OF FINANCE	0.00	Officer Director	$0	$0	$0
MEG KEENE	BOARD MEMBER	0.00	Director	$0	$0	$0
DR RON BERRY	BOARD MEMBER	0.00	Director	$0	$0	$0
JASMYNE MCCONNELL	MEMBERSHIP VP	0.00	Officer Director	$0	$0	$0
KELSEA MCCRARY	BOARD MEMBER	0.00	Director	$0	$0	$0
ALANA COOPER	BOARD MEMBER	0.00	Director	$0	$0	$0
JAMES MILES	BOARD MEMBER	0.00	Director	$0	$0	$0
JEREMY HARRELL	CHAIR ELECT	0.00	Officer Director	$0	$0	$0
MATTHEW DICKERSON	BOARD MEMBER	0.00	Director	$0	$0	$0
DANA MULLINS	BOARD MEMBER	0.00	Director	$0	$0	$0
MARK SISK	BOARD MEMBER	0.00	Director	$0	$0	$0
PATIENCE TALLEY	BOARD MEMBER	0.00	Director	$0	$0	$0
PAUL HUTCHESON	GOVERNMENT VP	0.00	Officer Director	$0	$0	$0
DAWNE SMITH	BOARD MEMBER	0.00	Director	$0	$0	$0
MATT WHITE	BOARD MEMBER	0.00	Director	$0	$0	$0
JEFF LAUDENHEIMER	BOARD MEMBER	0.00	Director	$0	$0	$0
AMANDA EDGE	BOARD MEMBER	0.00	Director	$0	$0	$0
LEANN BOND	BOARD MEMBER	0.00	Director	$0	$0	$0
DR WENDI TOSTENSON	WORKFORCE/ED VP	0.00	Officer Director	$0	$0	$0
JEREMY TINNERELLO	BOARD MEMBER	0.00	Director	$0	$0	$0
RANDY STONE	BOARD MEMBER	0.00	Director	$0	$0	$0
COBY WALKER	BOARD MEMBER	0.00	Director	$0	$0	$0
BEVERLY LEWIS	HEALTHCARE VP	0.00	Officer Director	$0	$0	$0
TANIA HILBURN	IMM PAST CHAIR	0.00	Officer Director	$0	$0	$0
MARILYN DORRIS	BOARD MEMBER	0.00	Director	$0	$0	$0
BILL WILLSON	BOARD MEMBER	0.00	Director	$0	$0	$0
LAMONT WINDOM	BOARD MEMBER	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	$955,844	$971,307	$704,874	$-15,463
2022	$732,751	$708,519	$700,112	$24,232
2021	$765,779	$743,509	$470,069	$22,270
2020	$650,595	$577,592	$444,169	$73,003
2019	$723,830	$809,025	$252,908	$-85,195
2018	$852,309	$859,617	$322,916	$-7,308

MONROE CHAMBER OF COMMERCE INC