THOMASVILLE CHAMBER FOUNDATION INC (EIN 264359642) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

EDDIE BOWLING

Phone

3364756134

Tax Period

2023-01-01 to 2023-12-31

THOMASVILLE CHAMBER FOUNDATION INC, founded in 2008, is a micro nonprofit in the Community Improvement sector that reported $25K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $91K exceeded revenue, resulting in a 271% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO FURTHER THE ECONOMIC DEVELOPMENT OF THOMASVILLE, NC AND THE SURROUNDING AREAS AND TO PROMOTE JOB CREATION OPPORTUNITIES AND GROWTH IN THE TAX BASE. THE ORGANIZATION COLLECTS AND DISTRIBUTES DONATIONS TO ASSIST THE THOMASVILLE AREA CHAMBER OF COMMERCE IN ITS ECONOMIC DEVELOPMENT ACTIVITIES.

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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 $20,000

Program Service Revenue $0

Investment Income $4,633

Other Revenue $0

TOTAL REVENUE $24,633

Expense Breakdown

Grants Paid $76,876

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,876

Other Expenses $14,487

TOTAL EXPENSES $91,363

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,633	$15,332	+0.6%
Expenses	$91,363	$26,787	+2.4%
Net Income	$-66,730	$-11,455	+4.8%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SNAPP	CHAIR	2.00	Officer Director	$0	$0	$0
DIANA SULLIVAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANGIE RUBNICH	TREASURER	2.00	Officer Director	$0	$0	$0
EDDIE BOWLING	DIRECTOR	1.00	Director	$0	$0	$0
JON APPLEBAUM	DIRECTOR	1.00	Director	$0	$0	$0
TYLER ALLRED	DIRECTOR	1.00	Director	$0	$0	$0
AIMEE BOOZER	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW CLEMENT	DIRECTOR	1.00	Director	$0	$0	$0
CATE GENTRY	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY GLEISER	DIRECTOR	1.00	Director	$0	$0	$0
BLYTHE LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK MCCONKEY	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA NANCE	DIRECTOR	1.00	Director	$0	$0	$0
BRAD SAINTSING	DIRECTOR	1.00	Director	$0	$0	$0
TONY VIZZINI	DIRECTOR	1.00	Director	$0	$0	$0
MARK GREEN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH TOBIN	CHAMBER PRESIDENT	15.00	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	No data	No data	No data	No data
2023	$24,633	$91,363	$545,509	$-66,730
2022	$15,332	$26,787	$612,239	$-11,455
2021	$500	$44,493	$623,694	$-43,993
2020	$4,058	$39,492	$690,943	$-35,434
2019	$60,831	$49,737	$726,627	$11,094
2018	$127,803	$73,500	$715,283	$54,303

THOMASVILLE CHAMBER FOUNDATION INC