WAKE FOREST CHAMBER FOUNDATION FOR COMMON PROGRESS (EIN 471878507) - 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

2014

Legal Domicile

Principal Officer

JIM THOMPSON

Phone

9195561519

Tax Period

2024-07-01 to 2025-06-30

WAKE FOREST CHAMBER FOUNDATION FOR COMMON PROGRESS, founded in 2014, is a micro nonprofit in the Community Improvement sector that reported $16K in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $18K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE WAKE FOREST CHAMBER FOUNDATION EXISTS TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR BOTH ADULTS AND YOUTH FOCUSING ON LEADERSHIP, ENTREPRENEURSHIP, FINANCIAL LITERACY AND WORKFORCE DEVELOPMENT INITIATIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $667

Program Service Revenue $15,000

Investment Income $138

Other Revenue $0

TOTAL REVENUE $15,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,508

Other Expenses $17,910

TOTAL EXPENSES $17,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,805	$152,814	-0.9%
Expenses	$17,910	$185,428	-0.9%
Net Income	$-2,105	$-32,614	-0.9%

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
JIM THOMPSON	EXECUTIVE DI	N/A	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
2025	$15,805	$17,910	$66,224	$-2,105
2024	$152,814	$185,428	$68,349	$-32,614
2023	$274,944	$275,211	$100,943	$-267
2022	$222,986	$178,537	$101,985	$44,449

WAKE FOREST CHAMBER FOUNDATION FOR COMMON PROGRESS