MCKENZIE CHAMBER OF COMMERCE & IND… - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

MONICA HEATH

Phone

7313522004

Tax Period

2023-07-01 to 2024-06-30

MCKENZIE CHAMBER OF COMMERCE & INDUSTRY, founded in 2020, is a micro nonprofit in the Community Improvement sector that reported $51K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15K, a strong 29% operating margin.

Mission

TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE MCKENZIE, CARROLL COUNTY, TENNESSEE AREA SO THAT ITS CITIZENS AND ALL AREAS OF ITS BUSINESS COMMUNITY SHALL PROSPER.

Program Service Accomplishments

Program 1

BUILDING A VIBRANT AND PROSPEROUS COMMUNITY THROUGH BUSINESS LEADERSHIP.

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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 $48,695

Program Service Revenue $3,242

Investment Income $0

Other Revenue $-1,003

TOTAL REVENUE $50,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $36,243

TOTAL EXPENSES $36,243

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,934	$38,814	+0.3%
Expenses	$36,243	$24,267	+0.5%
Net Income	$14,691	$14,547	+0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT AIRD	DIRECTOR	N/A	Director	$0	$0	$0
DREW BEELER	DIRECTOR	N/A	Director	$0	$0	$0
MYRA CARLOCK	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
MADISON ENDRES	DIRECTOR	N/A	Director	$0	$0	$0
SHAWNA FOWLER	TREASURER	N/A	Officer Director	$0	$0	$0
ASHLEY HORN	DIRECTOR	N/A	Director	$0	$0	$0
JASON MARTIN	CHAIRMAN	N/A	Officer Director	$0	$0	$0
WILL RECORD	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTY WILLIAMS	DIRECTOR	N/A	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	$50,934	$36,243	$37,720	$14,691
2023	$38,814	$24,267	$23,029	$14,547
2022	$26,252	$17,599	$8,482	$8,653
2021	$100	$271	$-171	$-171

MCKENZIE CHAMBER OF COMMERCE & INDUSTRY