GREATER WILMINGTON CHAMBER FOUNDATION

EIN: 237337244 501(c)(3) Community Improvement

WILMINGTON, NC

Total Revenue
$489,548
Total Expenses
$468,201
Total Assets
$685,701
Net Assets
$641,495
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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
1973
Legal Domicile
NC
Principal Officer
NATALIE H ENGLISH
Phone
9107622611
Tax Period
2023-01-01 to 2023-12-31

GREATER WILMINGTON CHAMBER FOUNDATION, founded in 1973, is a small nonprofit in the Community Improvement sector that reported $490K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $468K left a modest 4% surplus.

Mission

IMPROVEMENTS OF HEALTH, SAFETY, EDUCATION AND WELFARE OF THE CITIZENS OF WILMINGTON, NORTH CAROLINA.

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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 $273,089
Program Service Revenue $203,454
Investment Income $13,005
Other Revenue $0
TOTAL REVENUE $489,548

Expense Breakdown

Grants Paid $139,524
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $387,309
Other Expenses $328,677
TOTAL EXPENSES $468,201

Year-over-Year Comparison

2023 2022 Change
Revenue $489,548 $312,288 +0.6%
Expenses $468,201 $195,197 +1.4%
Net Income $21,347 $117,091 -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
11
Independent Members
10
Employees
N/A
Volunteers
11

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
5
$246,787
Total Directors
11
$246,787
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATALIE ENGLISH PRESIDENT 10.00
Officer Director
$0 $18,870 $246,787
STEPHANIE LANIER CHAIR 2.00
Officer Director
$0 $0 $0
LISA LEATH VICE CHAIR 2.00
Officer Director
$0 $0 $0
MICHAEL BROWN TREASURER 2.00
Officer Director
$0 $0 $0
NICOLAS MONTOYA SECRETARY 1.00
Officer Director
$0 $0 $0
NEAL ANDREW BOARD MEMBER 2.00
Director
$0 $0 $0
ROB KAISER BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLIE MATTOX BOARD MEMBER 1.00
Director
$0 $0 $0
HAL KITCHIN BOARD MEMBER 1.00
Director
$0 $0 $0
FAISON GIBSON BOARD MEMBER 1.00
Director
$0 $0 $0
JIM HUNDLEY BOARD MEMBER 1.00
Director
$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 No data No data No data No data
2023 $489,548 $468,201 $685,701 $21,347
2022 $312,288 $195,197 $650,705 $117,091
2021 $159,500 $163,795 $624,681 $-4,295
2019 $135,104 $161,672 $430,768 $-26,568
2018 $120,228 $124,939 $442,218 $-4,711
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