POWHATAN 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

1988

Legal Domicile

Principal Officer

NICOLE RILEY

Phone

8045982636

Tax Period

2023-01-01 to 2023-12-31

POWHATAN CHAMBER OF COMMERCE, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $303K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 23% operating margin.

Mission

PROMOTE ECONOMIC GROWTH IN POWHATAN COUNTY, VA

Program Service Accomplishments

Program 1

Expenses: $95,050 Revenue: $269,401

THE CHAMBER HOLDS EVENTS AND OFFERS MEMBERSHIPS TO BUSINESSES THAT WISH TO JOIN IN THE EFFORTS TO PROMOTE ECONOMIC GROWTH AND PROSPERITY IN POWHATAN COUNTY, VIRGINIA.

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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 $33,378

Program Service Revenue $255,142

Investment Income $7,027

Other Revenue $7,232

TOTAL REVENUE $302,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,993

Fundraising Expenses $0

Program Expenses $95,050

Other Expenses $158,206

TOTAL EXPENSES $232,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,779	$216,897	+0.4%
Expenses	$232,199	$256,256	-0.1%
Net Income	$70,580	$-39,359	-2.8%

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

Volunteers

100

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

$53,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE RILEY	EXECUTIVE DIRECTOR	30.00	Director	$53,000	$0	$53,000
BETTY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY MCCLUNG	DIRECTOR	1.00	Director	$0	$0	$0
RICK SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ANN SCHOLTE	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE TIMBERLAKE	TREASURER	1.00	Officer Director	$0	$0	$0
GEORGE BRAUGHBURGER	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
NATE YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
TERESA MELTON	PAST PRESIDENT	2.00	Officer	$0	$0	$0
KEITH SMITH	PRESIDENT	2.00	Officer	$0	$0	$0
DEONE ALLEN	VICE PRESIDENT	2.00	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	$302,779	$232,199	$426,484	$70,580
2022	$216,897	$256,256	$355,235	$-39,359
2021	$281,175	$211,159	$397,665	$70,016
2020	$68,428	$118,702	$325,694	$-50,274
2019	$253,952	$209,819	$342,394	$44,133
2018	$230,271	$202,045	$298,260	$28,226