Louisville Chamber of Commerce (EIN 840892240) - 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

1987

Legal Domicile

Principal Officer

Shelly Caranci

Phone

3036665747

Tax Period

2024-01-01 to 2024-12-31

Louisville Chamber of Commerce, founded in 1987, is a small nonprofit that reported $235K in total revenue in fiscal year 2024. Expenses of $279K exceeded revenue, resulting in a 19% operating deficit.

Mission

Chamber of Commerce

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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 $94,986

Program Service Revenue $122,291

Investment Income $7,147

Other Revenue $10,200

TOTAL REVENUE $234,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,583

Fundraising Expenses $24,959

Other Expenses $188,782

TOTAL EXPENSES $279,365

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,624	$228,255	+0.0%
Expenses	$279,365	$278,296	+0.0%
Net Income	$-44,741	$-50,041	-0.1%

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

N/A

Volunteers

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

$49,627

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Lund	Executive Director	40.00	Officer	$14,242	$0	$14,242
Gillian Millar	Executive Director	40.00	Officer	$35,385	$0	$35,385
Iona Kearney	President	2.00	Director	$0	$0	$0
Eric Reed	Vice President	1.00	Director	$0	$0	$0
Gerrit Drenth	Tresurer	1.00	Director	$0	$0	$0
David Bauer	Board Member	1.00	Director	$0	$0	$0
Stephanie Schlageter	Board Member	1.00	Director	$0	$0	$0
Kristine Gacke	Board Member	1.00	Director	$0	$0	$0
Lydsey Geiger	Board Member	1.00	Director	$0	$0	$0
Brittany Bartlett	Board Member	1.00	Director	$0	$0	$0
Tory Bergeron-Fogerty	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
2025	No data	No data	No data	No data
2024	$234,624	$279,365	$66,410	$-44,741
2023	$228,255	$278,296	$111,103	$-50,041
2022	$182,890	$228,302	$165,895	$-45,412
2021	$179,755	$191,529	No data	$-11,774
2020	$190,594	$163,992	No data	$26,602
2019	$226,060	$219,954	No data	$6,106
2018	$220,667	$215,686	No data	$4,981

Louisville Chamber of Commerce