CHARLESTON CHAMBER FOUNDATION (EIN 271199140) - 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

BRYAN DERREBERRY

Phone

8435772510

Tax Period

2023-01-01 to 2023-12-31

CHARLESTON CHAMBER FOUNDATION, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 342% from the prior year, signaling strong growth momentum.

Mission

CHARLESTON CHAMBER FOUNDATION SUPPORTS THE ENRICHMENT OF THE BUSINESS ENVIRONMENT OF METRO CHARLESTON THROUGH THE TALENT, LEADERSHIP AND RESEARCH INITIATIVES OF THE CHARLESTON METRO CHAMBER.

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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 $2,037,291

Program Service Revenue $177,853

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,215,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $435,401

Fundraising Expenses $0

Program Expenses $2,297,645

Other Expenses $1,862,244

TOTAL EXPENSES $2,297,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,215,144	$501,081	+3.4%
Expenses	$2,297,645	$501,081	+3.6%
Net Income	$-82,501	$0	N/A

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

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

$395,229

Total Directors

$395,229

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE GRECH	CHAIR	1.00	Officer Director	$0	$0	$0
MATT BREWER	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
KYRA MORRIS	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH BURWELL	FINANCE COMMITTEE CHAIR	1.00	Officer Director	$0	$0	$0
BRYAN DERREBERRY	BOARD DIRECTOR	5.00	Officer Director	$0	$37,849	$395,229

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	$2,215,144	$2,297,645	$509,565	$-82,501
2022	$501,081	$501,081	$425,785	No data
2021	$166,320	$154,773	$195,414	$11,547
2020	$205,623	$205,623	$158,834	No data

CHARLESTON CHAMBER FOUNDATION