Durant Area 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

1910

Legal Domicile

Principal Officer

Rob Piearcy

Phone

5809240848

Tax Period

2024-01-01 to 2024-12-31

Durant Area Chamber of Commerce, founded in 1910, is a small nonprofit that reported $615K in total revenue in fiscal year 2024.

Mission

Facilitate business activity in the Bryan County, OK area.

Program Service Accomplishments

Program 1

The Chambers ongoing objective is to promote and facilitate business activity and actively pursue economic development in the surrounding community.

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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 $338,038

Program Service Revenue $270,242

Investment Income $835

Other Revenue $6,148

TOTAL REVENUE $615,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,016

Fundraising Expenses $103,266

Other Expenses $302,280

TOTAL EXPENSES $618,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$615,263	$625,071	0.0%
Expenses	$618,296	$656,428	-0.1%
Net Income	$-3,033	$-31,357	-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

404

Independent Members

404

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

$111,049

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janet Reed	Executive Director	040.00	Officer Highest	$104,774	$0	$104,774
Stacy Hammond	Treasurer	002.00	Officer	$6,275	$0	$6,275
Rob Piearcy	President	008.00	Officer	$0	$0	$0
Matt Hunt	First VP	001.00	Officer	$0	$0	$0
Brandon Johnson	Second VP	001.00	Officer	$0	$0	$0
Brandi Burkhalter	Member at Large	001.00	Officer	$0	$0	$0
Jenny Sanchez	Member at Large	001.00	Officer	$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	$615,263	$618,296	$302,956	$-3,033
2023	$625,071	$656,428	$305,446	$-31,357
2022	$564,636	$568,373	$344,772	$-3,737
2021	$460,438	$398,377	$329,837	$62,061
2020	$396,274	$354,980	$268,884	$41,294
2020	$396,274	$335,167	$288,697	$61,107
2019	$485,400	$486,070	$85,050	$-670
2018	$488,230	$490,342	$82,049	$-2,112