HOPKINS COUNTY CHAMBER OF COMMERCE INC

EIN: 750591375

SULPHUR SPRINGS, TX

Total Revenue
$341,938
Total Expenses
$355,152
Total Assets
$463,056
Net Assets
$462,706
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1926
Legal Domicile
TX
Principal Officer
BUTCH BURNEY
Phone
9038856515
Tax Period
2024-01-01 to 2024-12-31

HOPKINS COUNTY CHAMBER OF COMMERCE INC, founded in 1926, is a small nonprofit that reported $342K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO PROMOTE BUSINESS AND COMMUNITY FUNCTIONS THAT ENHANCE COMMERCE IN THE AREA COVERED BY THE MEMBERSHIP, WHILE SOLICITING DESTINATION TOURISM AND COMMUNITY RECOGNITION FOR HOPKINS COUNTY AND SULHUR SPRINGS, TX.

Program Service Accomplishments

Program 1
Expenses: $32,305 Revenue: $103,428

MAJOR FUNDRAISING EFFORT FOR THE CHAMBER AS IT HOSTS THE WORLD CHAMPION HOPKINS COUNTY STEW CONTEST IN OCTOBER THAT IS A COMMUNITY TRADITION EACH AUTUMN. PROVIDES FUNDS FOR OTHER ACTIVITIES AND...

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MAJOR FUNDRAISING EFFORT FOR THE CHAMBER AS IT HOSTS THE WORLD CHAMPION HOPKINS COUNTY STEW CONTEST IN OCTOBER THAT IS A COMMUNITY TRADITION EACH AUTUMN. PROVIDES FUNDS FOR OTHER ACTIVITIES AND PROVIDES DESTINATION TOURISM AS FORMER RESIDENTS OF THE AREA AS WELL AS TOURISTS COME TO THE AREA EACH YEAR FOR THE 40 PLUS YEAR TRADITION IN HOPKINS COUNTY. AN ESTIMATED 20,000 PEOPLE ATTEND THE EVENT WITH SOME 125 POTS OF STEW COOKED, SERVED AND JUDGED FOR THE CHAMPIONSHIP AWARDS.

Program 2
Expenses: $22,928 Revenue: $41,940

ANNUAL FUNDRAISING GOLF TOURNAMENT THAT IS HOSTED AT THE SULPHUR SPRINGS COUNTRY CLUB EACH SPRING. TEAMS PARTICIPATE AND PRIZES ARE AWARDED TO TOP TEAMS IN THE TOURNAMENT EVENT.

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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 $338,767
Program Service Revenue $0
Investment Income $3,171
Other Revenue $0
TOTAL REVENUE $341,938

Expense Breakdown

Grants Paid $0
Salaries & Benefits $174,163
Fundraising Expenses $0
Program Expenses $355,152
Other Expenses $180,989
TOTAL EXPENSES $355,152

Year-over-Year Comparison

2024 2023 Change
Revenue $341,938 $365,811 -0.1%
Expenses $355,152 $346,353 +0.0%
Net Income $-13,214 $19,458 -1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
N/A
Employees
4
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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COURTNEY BROWN TREASURER 0.00
Director
$0 $0 $0
GARY CLEM DIRECTOR 0.00
Director
$0 $0 $0
WES COOPER DIRECTOR 0.00
Director
$0 $0 $0
SCOTT NOTTINGHAM DIRECTOR 0.00
Director
$0 $0 $0
SHELLY SLAUGHTER DIRECTOR 0.00
Director
$0 $0 $0
DANIELLE RAMSEY DIRECTOR 0.00
Director
$0 $0 $0
PAUL HARVEY DIRECTOR 0.00
Director
$0 $0 $0
MAZIE MCDANIEL DIRECTOR 0.00
Director
$0 $0 $0
DIANA RAMIREZ DIRECTOR 0.00
Director
$0 $0 $0
KENNY ROGERS DIRECTOR 0.00
Director
$0 $0 $0
ROSS CODY DIRECTOR 0.00
Director
$0 $0 $0
ANA VELASCO DIRECTOR 0.00
Director
$0 $0 $0
HAILEY JACKSON DIRECTOR 0.00
Director
$0 $0 $0
JULIA WILHITE DIRECTOR 0.00
Director
$0 $0 $0
NEAL BARKER CHAIRMAN 0.00
Officer
$0 $0 $0
ROBIN JEFFRIES CHAIRMAN ELECT 0.00
Officer
$0 $0 $0
GLENDA BASSHAM VICE PRESIDENT 0.00
Officer
$0 $0 $0
AMY RAYZOR VICE PRESIDENT 0.00
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 $341,938 $355,152 $463,056 $-13,214
2023 $365,811 $346,353 $481,167 $19,458
2022 $321,888 $267,454 $462,349 $54,434
2021 $298,190 $238,951 $408,364 $59,239
2020 $211,160 $215,360 $419,357 $-4,200
2019 $346,154 $265,587 $427,781 $80,567
2018 $274,519 $225,201 $269,588 $49,318
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