MINT HILL CHAMBER OF COMMERCE INC

EIN: 208311079

CHARLOTTE, NC

Total Revenue
$201,500
Total Expenses
$204,965
Total Assets
$75,812
Net Assets
$66,869
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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
NC
Principal Officer
TERRY AAESBY
Phone
7045738282
Tax Period
2023-01-01 to 2023-12-31

MINT HILL CHAMBER OF COMMERCE INC, founded in 2007, is a small nonprofit that reported $202K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE LOCAL BUSINESSES IN MINT HILL NC AREA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $132,930
Program Service Revenue $66,039
Investment Income $2,531
Other Revenue $0
TOTAL REVENUE $201,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $90,197
Fundraising Expenses $0
Program Expenses $167,895
Other Expenses $114,768
TOTAL EXPENSES $204,965

Year-over-Year Comparison

2023 2022 Change
Revenue $201,500 $162,943 +0.2%
Expenses $204,965 $180,568 +0.1%
Net Income $-3,465 $-17,625 -0.8%
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

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Governance

Voting Members
13
Independent Members
13
Employees
4
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY AAESBY TREASURER N/A
Officer
$0 $0 $0
SHARON ALLEN JOHNSON PRESIDENT N/A
Officer
$0 $0 $0
LISA LANE SECRETARY N/A
Officer
$0 $0 $0
GARY WOJCIECHOWICZ VICE PRESIDE N/A
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
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
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