ASCENSION CHAMBER OF COMMERCE (EIN 720701121) - 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

1949

Legal Domicile

Principal Officer

CLAY STAFFORD

Phone

2256477487

Tax Period

2024-01-01 to 2024-12-31

ASCENSION CHAMBER OF COMMERCE, founded in 1949, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 194% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 12% surplus.

Mission

TO FACILITATE AND FOSTER ECONOMIC GROWTH FOR OUR MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $218,325

Program Service Revenue $1,531,077

Investment Income $6,495

Other Revenue $51,002

TOTAL REVENUE $1,806,899

Expense Breakdown

Grants Paid $700

Salaries & Benefits $284,490

Fundraising Expenses $0

Other Expenses $1,309,282

TOTAL EXPENSES $1,594,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,806,899	$614,479	+1.9%
Expenses	$1,594,472	$742,844	+1.1%
Net Income	$212,427	$-128,365	-2.7%

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

$96,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE BRITT	CHAIRMAN	4.00	Officer Director	$0	$0	$0
CLAY STAFFORD	TREASURER	4.00	Officer Director	$0	$0	$0
GARRETT GANUCHEAU	SECRETARY	4.00	Officer Director	$0	$0	$0
DR EDITH WALKER	CHAIR ELECT	4.00	Officer Director	$0	$0	$0
MICHAEL BONFANTI	PAST CHAIR	4.00	Officer Director	$0	$0	$0
AMY VELEZ	BOARD MEMBER	4.00	Director	$0	$0	$0
MICHAEL BUTURLA	BOARD MEMBER	4.00	Director	$0	$0	$0
SCOT BYRD	BOARD MEMBER	4.00	Director	$0	$0	$0
MARK DEARMAN	BOARD MEMBER	4.00	Director	$0	$0	$0
JOSH DESCANT	BOARD MEMBER	4.00	Director	$0	$0	$0
HOLLY DAIGLE	BOARD MEMBER	4.00	Director	$0	$0	$0
REBECCA EVANS MOUK	BOARD MEMBER	4.00	Director	$0	$0	$0
BRIAN HENDERSON	BOARD MEMBER	4.00	Director	$0	$0	$0
RAWLE RAMLOCHAN	BOARD MEMBER	4.00	Director	$0	$0	$0
CODY MELANCON	BOARD MEMBER	4.00	Director	$0	$0	$0
TIA STARR	BOARD MEMBER	4.00	Director	$0	$0	$0
DR CHRIS TREVINO	BOARD MEMBER	4.00	Director	$0	$0	$0
RYAN SCHMIDT	BOARD MEMBER	4.00	Director	$0	$0	$0
JAMIE SCHUTTE	BOARD MEMBER	4.00	Director	$0	$0	$0
KEVIN MCCARROLL	BOARD MEMBER	4.00	Director	$0	$0	$0
DAVID ALEXANDER	PRESIDENT/CEO	40.00	Officer	$96,731	$0	$96,731

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	$1,806,899	$1,594,472	$423,945	$212,427
2023	$614,479	$742,844	$266,900	$-128,365
2022	$462,018	$556,079	$201,300	$-94,061
2021	$484,760	$443,303	$249,004	$41,457
2020	$334,351	$362,417	$259,922	$-28,066
2019	$345,800	$436,076	$305,659	$-90,276
2018	$372,191	$401,248	$306,050	$-29,057

ASCENSION CHAMBER OF COMMERCE