Franklin County Chamber of Commerce

Nonprofit profile at a glance

EIN
621211474
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Winchester, TN, USA
Phone
9319676788
Rating
88
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$293,590
Expenses
$331,235
Assets
$305,236
Liabilities
$12,372

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • CASSIE FULMER (EXECUTIVE DIRECTOR)
  • BRENDA CANNON (PRESIDENT)
  • SCOTT BRADFORD (PAST PRESIDENT)
  • BRIAN LEWIS (VICE PRESIDENT)

Highest reported compensation

  • CASSIE FULMER (EXECUTIVE DIRECTOR): $75,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Franklin county chamber provides leadership in the community as an advocate for business and a place where the private sector can facilitate change and promote quality growth.

What it reported doing in 2025

Maintains an office with staff devoted to the civic, commerical and industrial development of our area. Providing information about the community by person, mail, telephone or other media resources. Stands up for business with government leaders regarding proposed and existing laws and regulations that may impact business. Coordinate the talents of local business leaders to address basic issues of planning, housing, taxes and industrial growth. The chamber stands ready to pursue any matter that can improving the living and working conditions of the community. The chamber issues a monthly newsletter and annual directory.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 100
  • Accountability: 95
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95%; rating input score 95
  • Program expense ratio: 84.2%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -12.8%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 0.92; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 22.6%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 15.3% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 4% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 95% of revenue deployed · 84.2% of spending went to programs
  • Governance: 17 of 17 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $279K in reported program spending
  • Leadership: top reported pay $75K · 18 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 16/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.