GREENWOOD CHAMBER OF COMMERCE

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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

1970

Legal Domicile

Principal Officer

FREEMAN CULVER

Phone

9185852084

Tax Period

2023-01-01 to 2023-12-31

GREENWOOD CHAMBER OF COMMERCE, founded in 1970, is a small nonprofit in the Community Improvement sector that reported $120K in total revenue in fiscal year 2023.

Mission

TO STIMULATE GROWTH OF MINORITY BUSINESSES

Program Service Accomplishments

Program 1

ASSISTED MINORITY BUSINESS OWNERS IN SOLICITATION OF CAPITAL AND PROVIDED TECHNICAL ASSISTANCE TO START OR ENHANCE EXPANSION

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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 $119,584

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $119,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $118,303

TOTAL EXPENSES $118,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119,584	$116,483	+0.0%
Expenses	$118,303	$109,981	+0.1%
Net Income	$1,281	$6,502	-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

Governance

Voting Members

Independent Members

Employees

N/A

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	Role	Reportable Comp	Other Comp	Total
FREEMAN CULVER	CHAIRMAN	Officer Director	$0	$0	$0
GARY BREECKNER	VICE CHAIR	Officer Director	$0	$0	$0
CHRISTINA SOTO	SECRETARY	Officer Director	$0	$0	$0
BOB GUICE	TREASURER	Officer Director	$0	$0	$0
MATT BASS	MEMBER	Director	$0	$0	$0
JERROD LAMBERT	MEMBER	Director	$0	$0	$0
MICHELLE MARTIN	MEMBER	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	$119,584	$118,303	$158,791	$1,281
2022	$116,483	$109,981	$157,510	$6,502
2021	$65,796	$76,376	$167,117	$-10,580
2020	$52,633	$49,071	$161,589	$3,562