HILLSBORO CHAMBER OF COMMERCE

EIN: 740553157

HILLSBORO, TX

Total Revenue
$145,192
Total Expenses
$149,121
Total Assets
$108,571
Net Assets
$101,662
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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
1945
Legal Domicile
TX
Principal Officer
JESSICA CERRONE
Phone
2545822481
Tax Period
2024-10-01 to 2025-09-30

HILLSBORO CHAMBER OF COMMERCE, founded in 1945, is a small nonprofit that reported $145K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

COMMUNITY SERVICE AND DEVELOPMENT

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $126,252
Program Service Revenue $0
Investment Income $273
Other Revenue $18,667
TOTAL REVENUE $145,192

Expense Breakdown

Grants Paid $31,663
Salaries & Benefits $65,293
Fundraising Expenses $0
Other Expenses $52,165
TOTAL EXPENSES $149,121

Year-over-Year Comparison

2024 2023 Change
Revenue $145,192 $164,773 -0.1%
Expenses $149,121 $143,674 +0.0%
Net Income $-3,929 $21,099 -1.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
3

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
4
$49,000
Total Directors
17
$49,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROY B YOUNG CHAIR 2.00
Officer Director
$0 $0 $0
LYNETTE HEARRELL EXECUTIVE DIRECTOR 40.00
Officer Director
$49,000 $0 $49,000
JESSICA CERRONE CHAIR 2.00
Officer Director
$0 $0 $0
TAMARA WEEDEN TREASURER 2.00
Officer Director
$0 $0 $0
SUSAN POPP PAST CHAIR 2.00
Director
$0 $0 $0
DAVID MERRILL BOARD MEMBER 1.00
Director
$0 $0 $0
AMY BURDEN BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN ROCHA BOARD MEMBER 1.00
Director
$0 $0 $0
KRISSI EBBENS BOARD MEMBER 1.00
Director
$0 $0 $0
JAMIE WINDHAM DIRECTOR 1.00
Director
$0 $0 $0
LINDSEY KIMBRELL DIRECTOR 1.00
Director
$0 $0 $0
KENNY KENNEDY DIRECTOR 1.00
Director
$0 $0 $0
CLAY STRAWN DIRECTOR 1.00
Director
$0 $0 $0
DONNA PEYTON DIRECTOR 1.00
Director
$0 $0 $0
JOSH NOWLIN DIRECTOR 1.00
Director
$0 $0 $0
ANDREA MOIX DIRECTOR 1.00
Director
$0 $0 $0
ISRAEL BOWMAN DIRECTOR 1.00
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
2025 $145,192 $149,121 $108,571 $-3,929
2024 $164,773 $143,674 $116,263 $21,099
2023 $120,835 $136,955 $99,203 $-16,120
2022 $143,009 $146,528 $100,977 $-3,519
2021 $208,227 $169,462 $104,310 $38,765
2020 $200,863 $207,433 $67,173 $-6,570
2019 $218,710 $210,109 $75,106 $8,601
2018 $224,068 $214,138 $64,513 $9,930
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