CAPITAL REGION CHAMBER FOUNDATION … - 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

1990

Legal Domicile

Principal Officer

MARK N EAGAN

Phone

5184311416

Tax Period

2023-01-01 to 2023-12-31

CAPITAL REGION CHAMBER FOUNDATION INC, founded in 1990, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023.

Mission

THE MISSION OF CAPITAL REGION CHAMBER FOUNDATION, INC., A NOT-FOR-PROFIT WHOLLY OWNED SUBSIDIARY OF THE CAPITAL REGION CHAMBER OF COMMERCE IS TO ADVANCE THE WORK OF THE CAPITAL REGION CHAMBER IN ENGAGING THE BUSINESS COMMUNITY TO ADDREESS BUSINESS, CIVIC, EDUCATION AND WORKFORCE DEVELOPMENT ISSUES CRITICAL TO THE ECONOMIC VITALITY OF THE REGION.

Program Service Accomplishments

Program 1

Expenses: $821,695 Revenue: $335,636

PEOPLE AND WORKFORCE INCLUDES TALENT, DIVERSITY, INCLUSION, LEADERSHIP CAPITAL REGION, THE YOUNG PROFESSIONALS NETWORK, THE NONPROFIT BUSINESS AWARDS LUNCHEON, AND PROCEEDS FROM THE GOLF TOURNAMENT...

Program 2

Expenses: $235,453 Revenue: $49,225

BUSINESS GROWTH INCLUDES THE ENTREPRENEUR BOOT CAMP WHICH PROVIDES INTENSIVE TRAINING THAT GUIDES WOULD-BE ENTREPRENEURS, EXISTING BUSINESSES AND VETERANS THROUGH THE STEP-BY-STEP PROCESS OF...

BUSINESS GROWTH INCLUDES THE ENTREPRENEUR BOOT CAMP WHICH PROVIDES INTENSIVE TRAINING THAT GUIDES WOULD-BE ENTREPRENEURS, EXISTING BUSINESSES AND VETERANS THROUGH THE STEP-BY-STEP PROCESS OF STARTING, OPERATING AND MANAGING A BUSINESS, AND THE BIPOC BUSINESS GROWTH INITIATIVE, THAT PROVIDES ASSISTANCE AND GROWTH ACCELERATION SUPPORT TO SMALL AND MID-SIZED BIPOC BUSINESSES IN THE CAPITAL REGION.

Program 3

Expenses: $61,416 Revenue: $14,340

MILITARY ENGAGEMENT PROGRAMS IN SUPPORT OF THE REGION'S MILITARY BASES AND VETERANS.

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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 $756,959

Program Service Revenue $435,861

Investment Income $8,860

Other Revenue $2,340

TOTAL REVENUE $1,204,020

Expense Breakdown

Grants Paid $59,199

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,158,296

Other Expenses $1,114,132

TOTAL EXPENSES $1,173,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,204,020	$1,154,513	+0.0%
Expenses	$1,173,331	$1,142,954	+0.0%
Net Income	$30,689	$11,559	+1.7%

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

249

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

$645,872

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA BEDDOE	DIRECTOR	1.00	Director	$0	$0	$0
DONALD J BOYLE	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY BUELL	DIRECTOR	1.00	Director	$0	$0	$0
DOUG FORD	DIRECTOR	1.00	Director	$0	$0	$0
MONA GOLUB	DIRECTOR	1.00	Director	$0	$0	$0
SEAN MAGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE MALOY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SCHOFIELD	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE WILDGRUBE	CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW GRATTAN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MARK N EAGAN	PRESIDENT & CEO	8.00	Officer	$75,493	$76,586	$501,236
CHRISTINE A HOLLE	VP, FINANCE & OPERATIONS	9.00	Officer	$26,565	$11,813	$144,636
LAURA E MANN	VP, BUSINESS RESOURCES	40.00	Highest	$114,107	$20,331	$134,438
THOMAS J O'CONNOR	VP, GOVERNMENT AFFAIRS	4.00	Highest	$11,227	$9,893	$122,166
JASON F BENITEZ	VP, DEI	40.00	Highest	$112,893	$9,849	$122,742

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	No data	No data	No data	No data
2023	$1,204,020	$1,173,331	$1,298,145	$30,689
2022	$1,154,803	$1,142,954	$1,080,763	$11,849
2021	$944,210	$878,270	$851,634	$65,940
2020	$850,996	$820,190	$495,172	$30,806
2019	$805,193	$804,763	$261,613	$430
2018	$712,871	$710,475	$276,329	$2,396

CAPITAL REGION CHAMBER FOUNDATION INC