Civic Intelligence

Millington Chamber of Commerce

EIN 62-0581815 • 501(c)6 • Millington, TN

Profile

Promotion and marketing of City of Millington Businesses

7965 Veterans ParkwayMillington, TN 38053

n/A

Siviq Scores

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

Liabilities / Assets

89th percentile

0.41x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.21x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

36th percentile

-6.2%

Higher net margin than 36% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

19th percentile

-29%

Faster asset growth than 19% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$151,860

Down $60,844 (-29%) from 2023

Liabilities

Down

$61,905

Down $42,549 (-41%) from 2023

Net Assets

Down

$89,955

Down $18,295 (-17%) from 2023

Revenue

Up

$292,711

Up $32,801 (+13%) from 2023

Expenses

Up

$311,003

Up $74,105 (+31%) from 2023

Net Income

Down

-$18,292

Down $41,304 (-179%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2008: $28,317Liabilities 2008: $2,2642008Assets 2010: $14,014Liabilities 2010: $6,4962010Assets 2011: $14,014Liabilities 2011: $6,4962011Assets 2012: $27,660Liabilities 2012: $3,660Net Assets 2012: $24,0002012Assets 2013: $66,514Liabilities 2013: $49,8972013Assets 2014: $92,163Liabilities 2014: $59,156Net Assets 2014: $33,0072014Assets 2015: $187,996Liabilities 2015: $108,334Net Assets 2015: $79,6622015Assets 2016: $206,849Liabilities 2016: $99,272Net Assets 2016: $107,5772016Assets 2017: $229,728Liabilities 2017: $114,137Net Assets 2017: $115,5912017Assets 2018: $182,879Liabilities 2018: $68,286Net Assets 2018: $114,5932018Assets 2019: $158,593Liabilities 2019: $70,106Net Assets 2019: $88,4872019Assets 2020: $168,980Liabilities 2020: $83,009Net Assets 2020: $85,9712020Assets 2021: $238,174Liabilities 2021: $134,707Net Assets 2021: $103,4672021Assets 2022: $199,276Liabilities 2022: $114,038Net Assets 2022: $85,2382022Assets 2023: $212,704Liabilities 2023: $104,454Net Assets 2023: $108,2502023Assets 2024: $151,860Liabilities 2024: $61,905Net Assets 2024: $89,9552024

Highlighted filing

2024

Assets$151,860
Liabilities$61,905
Net Assets$89,955

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2008: $241,658Expenses 2008: $226,509Net Income 2008: $15,1492008Revenue 2010: $169,779Expenses 2010: $187,498Net Income 2010: -$17,7192010Revenue 2011: $169,779Expenses 2011: $187,498Net Income 2011: -$17,7192011Revenue 2012: $136,428Expenses 2012: $133,347Net Income 2012: $3,0812012Revenue 2013: $131,552Expenses 2013: $144,130Net Income 2013: -$12,5782013Revenue 2014: $150,138Expenses 2014: $133,748Net Income 2014: $16,3902014Revenue 2015: $180,840Expenses 2015: $134,185Net Income 2015: $46,6552015Revenue 2016: $171,542Expenses 2016: $143,627Net Income 2016: $27,9152016Revenue 2017: $163,077Expenses 2017: $155,063Net Income 2017: $8,0142017Revenue 2018: $171,467Expenses 2018: $172,465Net Income 2018: -$9982018Revenue 2019: $171,126Expenses 2019: $197,232Net Income 2019: -$26,1062019Revenue 2020: $159,188Expenses 2020: $161,704Net Income 2020: -$2,5162020Revenue 2021: $251,119Expenses 2021: $233,623Net Income 2021: $17,4962021Revenue 2022: $173,463Expenses 2022: $191,692Net Income 2022: -$18,2292022Revenue 2023: $259,910Expenses 2023: $236,898Net Income 2023: $23,0122023Revenue 2024: $292,711Expenses 2024: $311,003Net Income 2024: -$18,2922024

Highlighted filing

2024

Revenue$292,711
Expenses$311,003
Net Income-$18,292

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.62$0.90$2.93$3.11$0.18
2023Summary only. Only limited summary data is available for this year.$2.13$1.04$1.08$2.60$2.37$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$1.14$0.85$1.73$1.92$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$1.35$1.03$2.51$2.34$0.17
2020Summary only. Only limited summary data is available for this year.$1.69$0.83$0.86$1.59$1.62$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.70$0.88$1.71$1.97$0.26
2018Summary only. Only limited summary data is available for this year.$1.83$0.68$1.15$1.71$1.72$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$1.14$1.16$1.63$1.55$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.99$1.08$1.72$1.44$0.28
2015Detailed filing. Detailed filing data is available for this year.$1.88$1.08$0.80$1.81$1.34$0.47
2014Detailed filing. Detailed filing data is available for this year.$0.92$0.59$0.33$1.50$1.34$0.16
2013Summary only. Only limited summary data is available for this year.$0.67$0.50$1.32$1.44$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.04$0.24$1.36$1.33$0.03
2011Summary only. Only limited summary data is available for this year.$0.14$0.06$1.70$1.87$0.18
2010Summary only. Only limited summary data is available for this year.$0.14$0.06$1.70$1.87$0.18
2008Summary only. Only limited summary data is available for this year.$0.28$0.02$2.42$2.27$0.15
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$177,163
Mission and Program Overview

Mission

Promotion and marketing of City of Millington Businesses

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$99,920$93,411▼ $6,509
Savings and Temporary Cash Investments$77,397$77,590▲ $193
Cash and Non-Interest-Bearing Accounts$58,405$25,175▼ $33,230
Prepaid Expenses and Deferred Charges$2,350$3,100▲ $750
Land, Buildings, and Equipment, Net$102$0▼ $102
Total Assets$238,174$199,276▼ $38,898
Liabilities
Deferred Revenue$115,172$103,125▼ $12,047
Accounts Payable and Accrued Expenses$19,535$10,913▼ $8,622
Total Liabilities$134,707$114,038▼ $20,669
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$103,467$85,238▼ $18,229
Total Net Assets Fund Balance$103,467$85,238▼ $18,229
Total Liabilities and Net Assets / Fund Balance$238,174$199,276▼ $38,898

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$17,177$17,177
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Terry RolandExecutive DirectorFT$57,644$57,644

Board Members and Trustees

NameTitle
Nancy GrahamChairman of the Ambassadors
Cary VaughnPast Chairman of the
Ron WellsPresident
Charlie JakobyDirector
Clay LavelleDirector
David TerrellDirector
Florence JonesDirector
Harry SinisDirector
James GriffinDirector
James MoroschakDirector
John RountreeDirector
Lenna DagenDirector
Lillie StollingsDirector
Mark CoulterDirector
Mary Tate LeeDirector
Michaelle TerhuneDirector
Steven BoatwrightDirector
Sue A CobbDirector
William LowesDirector
Sabrina LandacreSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$136,363
Program Service Revenue
$0
Investment Income
$251
Other Revenue
$36,849
All Other Contributions
$82,375
Change in Net Assets
$-18,229

Audited Revenue Reconciliation

Revenue per Audited Statements
$173,463
Total Revenue per Audited Statements
$173,463
Total Revenue per Form 990
$173,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$100,697
Salaries, Compensation, and Employee Benefits$89,745
Grants and Similar Amounts Paid$1,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$0$57,644$0$57,644
Conferences and Meetings$32,601$249$0$32,850
Occupancy$0$26,254$0$26,254
Other Salaries and Wages$0$23,911$0$23,911
Information Technology$0$9,528$0$9,528
Fees for Services Accounting$0$9,245$0$9,245
Office Expenses$8,372$540$0$8,912
Other Expenses$3,151$3,765$0$6,916
Payroll Taxes$0$6,461$0$6,461
Pension Plan Contributions$0$1,729$0$1,729
Insurance$0$1,614$0$1,614
Grants to Domestic Individuals$1,250--$1,250
Advertising$878$0$0$878
Depreciation Depletion$0$103$0$103
Total Functional Expenses$46,994$144,698$0$191,692

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$191,692
Total Expenses per Audited Statements$191,692
Total Expenses per Form 990$191,692
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$40,549
Fundraising Direct Expenses$3,700
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Banquets$5,840$5,840$300$5,540
Golf Tournament----
Total Events$5,840$5,840$3,700$2,140
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$0
Total Nondeductible Lobbying and Political Cost$0
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
Filing and Contact Details

Filer

Filer Name
Millington Chamber of Commerce
EIN
62-0581815
Phone
9018721486
Address
7965 Veterans Parkway, Millington, TN 38053

Signing Officer

Name
Terry Roland
Title
Executive Director
Phone
9018721486
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Roland
Formed
1951
Legal Domicile
Tn
Voting Board Members
20
Independent Board Members
20
Employees
3
Volunteers
25

Preparer

Firm
Bethany K Huffman
Address
8370 US HIGHWAY 51 N STE 112, MILLINGTON, TN 38053
Preparer
Bethany K Huffman CPA
Phone
9018726830
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 was distributed to the members of the governing body prior to filing.

Pt VI, Line 7A

Chamber members vote for directors during annual election

Pt VI, Line 6

Local businesses can join as members of the Chamber

Pt VI, Line 12C

annual review of policy and disclosure

Pt VI, Line 15A

Executive Committee performs annual review of CEO for performance appraisal and any compensation increases

Pt VI, Line 15B

Annual budget process includes discussions of employee appraisals and any compensation increases with Board of Directors approval

Financial Statement Notes

Pt V, Line 4

Direct Expenses for Income from Fundraising Events

Pt XI, Line 2D

Direct Expenses for Income from Fundraising Events

Pt XI, Line 4B

Direct Expenses for Income for Fundraising Events

Pt XII, Line 4B

Direct Expenses for Income and Fundraising Events

Pt XII, Line 2D

Direct Expenses for Income and Fundraising Events

Raw XML AppendixShowing 400 of 518 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Terry Roland
IRS990/Form990PartVIISectionAGrp/PersonNm1Cary Vaughn
IRS990/Form990PartVIISectionAGrp/PersonNm2Ron Wells
IRS990/Form990PartVIISectionAGrp/PersonNm3Lillie Stollings
IRS990/Form990PartVIISectionAGrp/PersonNm4David Terrell
IRS990/Form990PartVIISectionAGrp/PersonNm5Sabrina Landacre
IRS990/Form990PartVIISectionAGrp/PersonNm6John Rountree
IRS990/Form990PartVIISectionAGrp/PersonNm7Nancy Graham
IRS990/Form990PartVIISectionAGrp/PersonNm8Clay Lavelle
IRS990/Form990PartVIISectionAGrp/PersonNm9Steven Boatwright
IRS990/Form990PartVIISectionAGrp/PersonNm10Florence Jones
IRS990/Form990PartVIISectionAGrp/PersonNm11Charlie Jakoby
IRS990/Form990PartVIISectionAGrp/PersonNm12William Lowes
IRS990/Form990PartVIISectionAGrp/PersonNm13Mark Coulter
IRS990/Form990PartVIISectionAGrp/PersonNm14Lenna Dagen
IRS990/Form990PartVIISectionAGrp/PersonNm15James Griffin
IRS990/Form990PartVIISectionAGrp/PersonNm16James Moroschak
IRS990/Form990PartVIISectionAGrp/PersonNm17Mary Tate Lee
IRS990/Form990PartVIISectionAGrp/PersonNm18Sue A Cobb
IRS990/Form990PartVIISectionAGrp/PersonNm19Michaelle Terhune
IRS990/Form990PartVIISectionAGrp/PersonNm20Harry Sinis
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Direct Expenses for Income from Fundraising Events
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Direct Expenses for Income for Fundraising Events
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Direct Expenses for Income and Fundraising Events
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Direct Expenses for Income and Fundraising Events
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI, Line 4b

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