Civic Intelligence

Morristown Area Chamber of Commerce

EIN 62-0418880 • 501(c)6 • Morristown, TN

Profile

The mission of the morristown area chamber of commerce is to create, nurture, and expand diverse economic growth, and be an advocate for business in hamblen county and the lakeway region.

825 W 1st North StreetMorristown, TN 37814

morristownchamber.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.05x

Higher debt load relative to assets than 33% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

28th percentile

0.04x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

31st percentile

-0.9%

Higher net margin than 31% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

66th percentile

$187,947

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 16.4% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

20th percentile

-5.5%

Faster asset growth than 20% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

15th percentile

-9.6%

Faster revenue growth than 15% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$815,697

Down $47,805 (-5.5%) from 2024

Liabilities

Down

$41,562

Down $37,562 (-47%) from 2024

Net Assets

Down

$774,135

Down $10,243 (-1.3%) from 2024

Revenue

Down

$1,147,966

Down $121,944 (-9.6%) from 2024

Expenses

Down

$1,158,209

Down $62,566 (-5.1%) from 2024

Net Income

Down

-$10,243

Down $59,378 (-121%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2011: $476,376Liabilities 2011: $59,633Net Assets 2011: $416,7432011Assets 2012: $431,820Liabilities 2012: $17,759Net Assets 2012: $414,0612012Assets 2013: $477,959Liabilities 2013: $68,784Net Assets 2013: $409,1752013Assets 2014: $434,163Liabilities 2014: $44,221Net Assets 2014: $389,9422014Assets 2015: $411,106Liabilities 2015: $61,626Net Assets 2015: $349,4802015Assets 2016: $408,256Liabilities 2016: $64,325Net Assets 2016: $343,9312016Assets 2017: $334,379Liabilities 2017: $39,030Net Assets 2017: $295,3492017Assets 2018: $348,042Liabilities 2018: $63,185Net Assets 2018: $284,8572018Assets 2019: $328,200Liabilities 2019: $43,612Net Assets 2019: $284,5882019Assets 2020: $348,467Liabilities 2020: $52,391Net Assets 2020: $296,0762020Assets 2021: $565,650Liabilities 2021: $44,300Net Assets 2021: $521,3502021Assets 2022: $664,972Liabilities 2022: $35,009Net Assets 2022: $629,9632022Assets 2023: $769,258Liabilities 2023: $34,015Net Assets 2023: $735,2432023Assets 2024: $863,502Liabilities 2024: $79,124Net Assets 2024: $784,3782024Assets 2025: $815,697Liabilities 2025: $41,562Net Assets 2025: $774,1352025

Highlighted filing

2025

Assets$815,697
Liabilities$41,562
Net Assets$774,135

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $601,914Expenses 2011: $684,795Net Income 2011: -$82,8812011Expenses 2012: $654,1762012Revenue 2013: $708,538Expenses 2013: $713,424Net Income 2013: -$4,8862013Revenue 2014: $758,078Expenses 2014: $777,311Net Income 2014: -$19,2332014Revenue 2015: $754,084Expenses 2015: $794,546Net Income 2015: -$40,4622015Revenue 2016: $790,392Expenses 2016: $795,941Net Income 2016: -$5,5492016Revenue 2017: $801,203Expenses 2017: $849,785Net Income 2017: -$48,5822017Revenue 2018: $858,558Expenses 2018: $869,050Net Income 2018: -$10,4922018Revenue 2019: $941,849Expenses 2019: $942,118Net Income 2019: -$2692019Revenue 2020: $853,430Expenses 2020: $841,942Net Income 2020: $11,4882020Revenue 2021: $1,138,655Expenses 2021: $946,865Net Income 2021: $191,7902021Revenue 2022: $1,075,645Expenses 2022: $967,032Net Income 2022: $108,6132022Revenue 2023: $1,168,400Expenses 2023: $1,063,120Net Income 2023: $105,2802023Revenue 2024: $1,269,910Expenses 2024: $1,220,775Net Income 2024: $49,1352024Revenue 2025: $1,147,966Expenses 2025: $1,158,209Net Income 2025: -$10,2432025

Highlighted filing

2025

Revenue$1,147,966
Expenses$1,158,209
Net Income-$10,243

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.82$0.04$0.77$1.15$1.16$0.01
2024Detailed filing. Detailed filing data is available for this year.$0.86$0.08$0.78$1.27$1.22$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.77$0.03$0.74$1.17$1.06$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.66$0.04$0.63$1.08$0.97$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.57$0.04$0.52$1.14$0.95$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.05$0.30$0.85$0.84$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.33$0.04$0.28$0.94$0.94$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.06$0.28$0.86$0.87$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.04$0.30$0.80$0.85$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.41$0.06$0.34$0.79$0.80$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.41$0.06$0.35$0.75$0.79$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.43$0.04$0.39$0.76$0.78$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.48$0.07$0.41$0.71$0.71$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.02$0.41$0.65
2011Summary only. Only limited summary data is available for this year.$0.48$0.06$0.42$0.60$0.68$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 24, 2026
Return Version
2025v4.0
Gross Receipts
$1,147,966
Mission and Program Overview

Mission

The mission of the morristown area chamber of commerce is to create, nurture, and expand diverse economic growth, and be an advocate for business in hamblen county and the lakeway region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$547,203$470,534▼ $76,669
Land, Buildings, and Equipment, Net$175,046$208,238▲ $33,192
Accounts Receivable$103,570$100,679▼ $2,891
Prepaid Expenses and Deferred Charges$37,683$36,246▼ $1,437
Total Assets$863,502$815,697▼ $47,805
Liabilities
Deferred Revenue$46,666$25,860▼ $20,806
Accounts Payable and Accrued Expenses$32,458$15,702▼ $16,756
Total Liabilities$79,124$41,562▼ $37,562
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$784,378$774,135▼ $10,243
Total Net Assets Fund Balance$784,378$774,135▼ $10,243
Total Liabilities and Net Assets / Fund Balance$863,502$815,697▼ $47,805

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$141,058$729,352$870,410
Equipment$18,510$159,828$178,338
Land$48,670-$48,670
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marshall RamseyPresidentFT$187,947$187,947

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,124,690
Investment Income
$17,276
Other Revenue
$6,000
Change in Net Assets
$-10,243

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,147,966
Total Revenue per Audited Statements
$1,147,966
Total Revenue per Form 990
$1,147,966
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$589,532
Other Expenses$568,677
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$230,051$123,874-$353,925
All Other Expenses$164,845$111,099-$275,944
Current Officers, Directors, Trustees, and Key Employees$122,166$65,781-$187,947
Payroll Taxes$23,604$15,933-$39,537
Other Expenses$12,446$25,264-$37,710
Depreciation Depletion$4,559$10,646-$15,205
Fees for Services Accounting-$12,801-$12,801
Pension Plan Contributions$5,280$2,843-$8,123
Total Functional Expenses$789,968$368,241$0$1,158,209

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,158,209
Total Expenses per Audited Statements$1,158,209
Total Expenses per Form 990$1,158,209
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Justin cook preston thompson director director business relationship amy hemminger paul lynch director director business relationship

Form 990, Page 6, Part VI, Line 11B

The governing board reviews the annual audit during a regular scheduled board of directors meeting. Since the 990 is prepared directly from the audited financial statements, the board considers the review of the audit a review of the 990 also. The general manager will review the final 990 before filing.

Form 990, Page 6, Part VI, Line 12C

To monitor and comply with the policy, the organization will review the conflicts of interest policy with its key employees on an annual basis.

Form 990, Page 6, Part VI, Line 15A

A designated committee comprised of various chairmen and treasurer of the organization review the president's performance and make a salary recommendation that is included in the organization's budget. The budget is then approved by the board of directors.

Form 990, Page 6, Part VI, Line 15B

Compensation of the staff is determined by the president upon the approval of the budget by the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization makes all its governing documents, policies, and financial statements available at the organization's main office on an as requested basis.

Filing and Contact Details

Filer

Filer Name
Morristown Area Chamber of Commerce
EIN
62-0418880
Phone
4235866382
Address
825 W 1ST NORTH STREET, MORRISTOWN, TN 37814

Signing Officer

Name
Marshall Ramsey
Title
President
Phone
4235866382
Signed
2026-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marshall Ramsey
Legal Domicile
Tn
Voting Board Members
32
Independent Board Members
32
Employees
7
Volunteers
300

Preparer

Firm
Stewart & Wheeler Pc
Address
729 WEST FIRST NORTH ST, MORRISTOWN, TN 37816
Preparer
Shawn Spoone CPA
Phone
4235813131
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Industrial services counc 28,767 0 0 employee insurance 17,223 9,274 0 membership maintenance 7,229 16,869 0 business services committ 23,847 0 0 maintenance 6,609 15,422 0 general insurance 0 18,079 0 dues & subscriptions 8,918 8,918 0 utilities 4,874 11,374 0 annual meeting 16,058 0 0 christmas parade 13,998 0 0 property taxes 0 10,638 0 member golf tournament 9,475 0 0 credit card fees 2,206 5,146 0 postage 4,430 2,386 0 telephone 2,021 4,716 0 leadership morristown 6,370 0 0 vehicle expense 2,748 2,748 0 staff development 2,429 2,429 0 professional meetings 1,808 1,808 0 hype 3,550 0 0 travel 554 1,292 0 board of directors 807 0 0 farmers market 724 0 0 past chairmen 200 0 0 total 164,845 111,099 0

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