HEARNE CHAMBER OF COMMERCE (EIN 740676120) - 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

1946

Legal Domicile

Principal Officer

MARGARET SALVAGGIO

Phone

9795958150

Tax Period

2023-01-01 to 2023-12-31

HEARNE CHAMBER OF COMMERCE, founded in 1946, is a small nonprofit that reported $135K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30K, a strong 22% operating margin.

Mission

SERVES AS AN ADVOCATE FOR THE BETTERMENT OF THE COMMUNITY, CREATING A CLIMATE FOR ECONOMIC PROSPERITY, WHILE PRESERVING THE ENVIRONMENT AND ENHANCING THE QUALITY OF LIFE IN HEARNE.

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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 $99,372

Program Service Revenue $35,328

Investment Income $87

Other Revenue $0

TOTAL REVENUE $134,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,362

Fundraising Expenses $0

Program Expenses $99,583

Other Expenses $73,684

TOTAL EXPENSES $105,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$134,787	$87,542	+0.5%
Expenses	$105,046	$115,821	-0.1%
Net Income	$29,741	$-28,279	-2.1%

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

$31,362

Total Directors

$31,362

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FONDELL ADAMS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JESSIE CIENEGA	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM CHARRON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
QUINTON SAMUELS	DIRECTOR	1.00	Officer Director	$0	$0	$0
DANIEL GREEN	DIRECTOR	1.00	Officer Director	$0	$0	$0
BRANDON CORN	DIRECTOR	1.00	Officer Director	$0	$0	$0
DORTHY GANDY	TREASURER	1.00	Officer Director	$0	$0	$0
DANA ALTIMORE	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARC CATALINA	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARGARET SALVAGGIO	EXECUTIVE DIRECTOR	35.00	Officer Director	$31,362	$0	$31,362

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
2023	$134,787	$105,046	$101,209	$29,741
2022	$87,542	$115,821	$73,468	$-28,279
2021	$121,857	$192,037	$103,075	$-70,180
2020	$61,232	$87,171	$173,190	$-25,939
2019	$68,166	$61,701	$197,931	$6,465
2018	$84,026	$112,481	$192,320	$-28,455

HEARNE CHAMBER OF COMMERCE