MINT HILL CHAMBER OF COMMERCE INC

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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

2007

Legal Domicile

Principal Officer

SYDNEY P MCKINNEY

Phone

7045738282

Tax Period

2024-01-01 to 2024-12-31

MINT HILL CHAMBER OF COMMERCE INC, founded in 2007, is a small nonprofit that reported $261K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE LOCAL BUSINESSES IN MINT HILL NC AREA.

Program Service Accomplishments

Program 1

Expenses: $29,010

SOCIALS AND PUBLICATIONS

Program 2

Expenses: $7,662

SENIOR CITIZENS LUNCHEON AND CHRISTMAS EVENTS

Program 3

Expenses: $174,751

GENERAL COMMUNITY EVENTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $186,599

Program Service Revenue $72,632

Investment Income $1,401

Other Revenue $0

TOTAL REVENUE $260,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,481

Fundraising Expenses $0

Program Expenses $211,423

Other Expenses $149,156

TOTAL EXPENSES $261,637

Year-over-Year Comparison

	2024	2023	Change
Revenue	$260,632	$201,500	+0.3%
Expenses	$261,637	$204,965	+0.3%
Net Income	$-1,005	$-3,465	-0.7%

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

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MISSY BAKER	DIRECTOR	5.00	Director	$0	$0	$0
DENISE BOSTON	DIRECTOR	5.00	Director	$0	$0	$0
MIKE COCHRANE	DIRECTOR	5.00	Director	$0	$0	$0
CHEN CORRELL	DIRECTOR	5.00	Director	$0	$0	$0
LIZ FOSTER	DIRECTOR	5.00	Director	$0	$0	$0
TAYLOR GRIMES	DIRECTOR	5.00	Director	$0	$0	$0
NAVONDRIA HUGGINS	DIRECTOR	5.00	Director	$0	$0	$0
WIL LAWSON	DIRECTOR	5.00	Director	$0	$0	$0
TAMMY LEE	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT SALISBURY	DIRECTOR	5.00	Director	$0	$0	$0
TETNIKA WILLIAMSON	DIRECTOR	5.00	Director	$0	$0	$0
TERRY AAESBY	TREASURER	5.00	Officer	$0	$0	$0
SHARON ALLEN JOHNSON	PRESIDENT	5.00	Officer	$0	$0	$0
LISA LANE	SECRETARY	5.00	Officer	$0	$0	$0
GARY WOJCIECHOWICZ	VICE PRESIDE	5.00	Officer	$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	$260,632	$261,637	$73,737	$-1,005
2023	$201,500	$204,965	$75,812	$-3,465
2022	$162,943	$180,568	$70,334	$-17,625
2021	$142,818	$139,136	$88,342	$3,682
2020	$121,587	$115,692	$84,660	$5,895
2019	$134,053	$126,930	$78,765	$7,123
2018	$112,899	$102,663	$60,409	$10,236