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)

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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

THE FOUNDATION OPERATES TO ADMINISTER PROGRAMS TO PROMOTE AND INCREASE PUBLIC KNOWLEDGE, AWARENESS AND UNDERSTANDING OF MATTERS OF PUBLIC CONCERN, AND FOR IMPROVEMENTS OF HEALTH, SAFETY, EDUCATION AND WELFARE OF THE CITIZENS OF WILMINGTON, NORTH CAROLINA.

Program Service Accomplishments

Program 1
Expenses: $387,309 Revenue: $203,454

LEADERSHIP WILMINGTON - THE OBJECTIVE OF LEADERSHIP WILMINGTON IS TO EDUCATE, CHALLANGE AND MOTIVATE LEADERS AND FUTURE LEADERS TO UTILIZE THEIR LEADERSHIP SKILLS TO WORK FOR THE BETTERMENT OF OUR...

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LEADERSHIP WILMINGTON - THE OBJECTIVE OF LEADERSHIP WILMINGTON IS TO EDUCATE, CHALLANGE AND MOTIVATE LEADERS AND FUTURE LEADERS TO UTILIZE THEIR LEADERSHIP SKILLS TO WORK FOR THE BETTERMENT OF OUR COMMUNITY. THE COMPONENTS THAT ARE STRESSED THROUGHOUT THE PROGRAM ARE LEADERSHIP SKILLS/STYLES, COMMUNITY ISSUES AND CHALLENGES, DYNAMIC OR REGIONAL SOCIAL AND ECONOMIC CHANGE, DIVERSITY AND TEAM PROJECTS.

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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

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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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