CHAMBER OF COMMERCE OF LAMAR COUNTY

EIN: 750482295

PARIS, TX

Total Revenue
$1,694,469
Total Expenses
$1,430,223
Total Assets
$2,524,363
Net Assets
$2,524,363
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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
1978
Legal Domicile
TX
Principal Officer
PAUL ALLEN
Phone
9037842501
Tax Period
2023-10-01 to 2024-09-30

CHAMBER OF COMMERCE OF LAMAR COUNTY, founded in 1978, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. The organization ran a surplus of $264K, a strong 16% operating margin.

Mission

THE CHAMBER'S PURPOSE IS TO RECRUIT NEW INDUSTRY TO LAMAR COUNTY AND TO PROMOTE ECONOMIC GROWTH AND TOURISM.

Program Service Accomplishments

Program 1
Expenses: $1,347,926

THE CHAMBER OF COMMERCE SERVES MEMBERS IN LAMAR COUNTY BUSINESS 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,650,516
Program Service Revenue $0
Investment Income $43,953
Other Revenue $0
TOTAL REVENUE $1,694,469

Expense Breakdown

Grants Paid $0
Salaries & Benefits $489,712
Fundraising Expenses $0
Program Expenses $1,347,926
Other Expenses $940,511
TOTAL EXPENSES $1,430,223

Year-over-Year Comparison

2023 2022 Change
Revenue $1,694,469 $1,623,677 +0.0%
Expenses $1,430,223 $1,645,955 -0.1%
Net Income $264,246 $-22,278 -12.9%
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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Governance

Voting Members
21
Independent Members
21
Employees
10
Volunteers
19

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
$137,275
Total Directors
21
$137,275
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL ALLEN President 40.00
Officer Director
$137,275 $0 $137,275
MATHEW BRIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
BRANDON BELL EX-OFFICIO 1.00
Director
$0 $0 $0
LEA EMERSON BOARD MEMBER 1.00
Director
$0 $0 $0
CHASE COLEMAN Vice President 1.00
Officer Director
$0 $0 $0
CHADLEE JOHNSTON VCC CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT STAPLES LLC CHAIR 1.00
Officer Director
$0 $0 $0
LEE ANNE HAMPTON BOARD MEMBER 1.00
Director
$0 $0 $0
COLTON PERRY BOARD MEMBER 1.00
Director
$0 $0 $0
ROBBIE TODD BOARD MEMBER 1.00
Director
$0 $0 $0
KELLI MCDONALD BOARD MEMBER 1.00
Director
$0 $0 $0
DENISE MOFFITT EXECUTIVE COMM 1.00
Director
$0 $0 $0
ANGIE BRISCOE BOARD MEMBER 0.00
Director
$0 $0 $0
RUSSELL JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN BENSON EX-OFFICIO 0.00
Director
$0 $0 $0
CAROLYN BELL EX-OFFICIO 0.00
Director
$0 $0 $0
CHERI BEDFORD EX-OFFICIO 1.00
Director
$0 $0 $0
ROSE BEVERLY EX-OFFICIO 0.00
Director
$0 $0 $0
MELANIE MEREDITH BOARD MEMBER 1.00
Director
$0 $0 $0
TAYLOR SLAGLE BOARD MEMBER 1.00
Director
$0 $0 $0
AUSTIN ANTHONY BOARD MEMBER 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
2024 $1,694,469 $1,430,223 $2,524,363 $264,246
2023 $1,623,677 $1,645,955 $2,259,025 $-22,278
2022 $1,395,502 $1,059,502 $2,281,303 $336,000
2021 $1,384,215 $1,002,542 $1,945,303 $381,673
2020 $1,044,097 $898,745 $1,563,630 $145,352
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