THE MERCER CHAMBER FOUNDATION INC

EIN: 922106918 501(c)(3) Community Improvement

HARRODSBURG, KY

Total Revenue
$137,526
Total Expenses
$108,751
Total Assets
$61,110
Net Assets
$61,110
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
KY
Principal Officer
SAM CARR
Phone
8597342365
Tax Period
2024-01-01 to 2024-12-31

THE MERCER CHAMBER FOUNDATION INC, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $138K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $29K, a strong 21% operating margin.

Mission

THE FOUNDATION IS ACTING TO ASSIST THE MERCER CHAMBER OF COMMERCE WITH PROMOTING MERCER COUNTY BY ATTRACTING TOURISTS AS WELL AS PROVIDING EDUCATION TO THE CITIZENS OF MERCER COUNTY.

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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 $137,526
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $137,526

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $104,387
Other Expenses $108,751
TOTAL EXPENSES $108,751

Year-over-Year Comparison

2024 2023 Change
Revenue $137,526 $151,643 -0.1%
Expenses $108,751 $119,308 -0.1%
Net Income $28,775 $32,335 -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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
25

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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM CARR PRESIDENT 0.00
Officer Director
$0 $0 $0
MIKE SANFORD VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
MIKE INMAN TREASURER 0.00
Officer Director
$0 $0 $0
APRIL BURGESS SECRETARY 0.00
Officer Director
$0 $0 $0
JILL CUTLER DIRECTOR 0.00
Director
$0 $0 $0
BRIAN STAPLES DIRECTOR 0.00
Director
$0 $0 $0
SCOTT HAMMONS DIRECTOR 0.00
Director
$0 $0 $0
RICH NEWSOME DIRECTOR 0.00
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 $137,526 $108,751 $61,110 $28,775
2023 $151,643 $119,308 $32,335 $32,335
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