ARDMORE CHAMBER OF COMMERCE

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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

1920

Legal Domicile

Principal Officer

BILL MURPHY

Phone

5802237765

Tax Period

2023-01-01 to 2023-12-31

ARDMORE CHAMBER OF COMMERCE, founded in 1920, is a small nonprofit that reported $632K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $752K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO ENCOURAGE, FOSTER AND STIMULATE COMMERCE, TRADE, BUSINESS FINANCE AND PROFESSIONAL INTERESTS: TO STIMULATE, ENCOURAGE AND PROMOTE COOPERATION AND EXCHANGE AMONG BUSINESSES; TO PROMOTE, ADVANCE AND STIMULATE CIVIC, BUSINESS, COMMERCIAL, INDUSTRIAL AND AGRICULTURAL INTERESTS AND QUALITY OF LIFE IN AND AROUND THE CITY OF ARDMORE, OKLAHOMA

Program Service Accomplishments

Program 1

TO ENCOURAGE, FOSTER AND STIMULATE COMMERCE, TRADE, BUSINESS FINANCE AND PROFESSIONAL INTERESTS; TO STIMULATE, ENCOURAGE AND PROMOTE COOPERATION AND EXCHANGE AMONG BUSINESSES; TO PROMOTE, ADVANCE AND STIMULATE CIVIC, BUSINESS, COMMERCIAL, INDUSTRIAL AND AGRICULTURAL INTERESTS AND QUALITY OF LIFE IN AND AROUND THE CITY OF ARDMORE, OKLAHOMA

Program 2

COMMUNITY DEVELOPMENTOBJECTIVE: ENHANCE INDUSTRIAL DEVELOPMENT FOR ARDMORE, OKMEMBERSHIP DEVELOPMENTOBJECTIVE: INCREASE, MAINTAIN MEMBERSHIP, AND ENHANCE VALUE OF MEMBERSHIP FOR 653 MEMBERS

Program 3

GOVERNMENTAL AFFAIRS DEVELOPMENTOBJECTIVE: PROVIDE MEMBERS AND COMMUNITY WITH A FORUM FOR DISCUSSION OF ISSUES AFFECTING ARDMORE, OKLAHOMA AND PROVIDE REPRESENTATION FOR BUSINESS COMMUNITY WITH...

GOVERNMENTAL AFFAIRS DEVELOPMENTOBJECTIVE: PROVIDE MEMBERS AND COMMUNITY WITH A FORUM FOR DISCUSSION OF ISSUES AFFECTING ARDMORE, OKLAHOMA AND PROVIDE REPRESENTATION FOR BUSINESS COMMUNITY WITH LEGISLATIVE AFFAIRS.

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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 $242,836

Program Service Revenue $339,349

Investment Income $39,111

Other Revenue $10,558

TOTAL REVENUE $631,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,003,098

Fundraising Expenses $0

Other Expenses $-251,516

TOTAL EXPENSES $751,582

Year-over-Year Comparison

	2023	2022	Change
Revenue	$631,854	$505,661	+0.2%
Expenses	$751,582	$568,276	+0.3%
Net Income	$-119,728	$-62,615	+0.9%

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

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

$178,869

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE HILL	GOVERNMENTAL AFFAIRS	1.00	Officer Director	$0	$0	$0
JUSTIN LANDGRAF	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS POTEET	DIRECTOR	1.00	Director	$0	$0	$0
ROB HENDRY	DIRECTOR	1.00	Director	$0	$0	$0
WILL TRISCIANI	DIRECTOR	1.00	Director	$0	$0	$0
DIANNE WEST	DIRECTOR	1.00	Director	$0	$0	$0
CAREY BALDWIN	EDUCATION	1.00	Officer Director	$0	$0	$0
RICHARD DELANO	PAST CHAIRMAN	1.00	Director	$0	$0	$0
SARAH FULTON	DIRECTOR	1.00	Director	$0	$0	$0
TYLER HILLIS	CHAIRMAN ELECT	1.00	Officer Director	$0	$0	$0
VIC RHODES	TREASURER	1.00	Officer Director	$0	$0	$0
JASON ROBERTS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAULA HENLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
STACY NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN STORTS	DIRECTOR	1.00	Director	$0	$0	$0
TREY RATELIFF	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BOATRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
CODY STEELE	MEMBERSHIP SERVICES	1.00	Officer Director	$0	$0	$0
BILL MURPHY	PRESIDENT	13.00	Officer	$178,869	$0	$178,869

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	$631,854	$751,582	$1,029,886	$-119,728
2022	$505,661	$568,276	$1,150,764	$-62,615
2021	$541,460	$508,424	$1,211,932	$33,036
2020	$524,391	$517,822	$1,178,748	$6,569
2019	$528,120	$510,453	$1,170,400	$17,667
2018	$524,191	$496,336	$1,153,812	$27,855