NORTH CAROLINA CHAMBER LEGAL INSTI… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

GARY J SALAMIDO

Phone

9198361400

Tax Period

2023-01-01 to 2023-12-31

Mission

THE CHAMBER LEGAL INSTITUTE IS A NONPARTISAN, NONPROFIT AFFILIATE OF THE NORTH CAROLINA CHAMBER (THE "CHAMBER"), THE LEADING BUSINESS ADVOCACY ORGANIZATION IN NORTH CAROLINA, AND IS ORGANIZED TO PROVIDE A MEDIUM THROUGH WHICH PERSONS HAVING A COMMON BUSINESS INTEREST IN THE IMPROVEMENT OF CONDITIONS FAVORABLE TO THE ECONOMIC DEVELOPMENT OF NORTH CAROLINA MAY PROMOTE THEIR COMMON BUSINESS INTEREST BY (I) IDENTIFYING, INVESTIGATING, STUDYING, RESEARCHING, AND ANALYZING IN A NONPARTISAN MANNER THOSE ASPECTS OF THE LEGAL ENVIRONMENT AND LEGAL SYSTEM IN NORTH CAROLINA THAT ENHANCE THE BUSINESS CLIMATE, WORKFORCE DEVELOPMENT, AND QUALITY OF LIFE OF THE STATE, INCLUDING THE PROSPECTS FOR THE CREATION AND RETENTION OF JOBS FOR THE STATE'S CITIZENS; (II) EDUCATING AND INSTRUCTING THE BUSINESS COMMUNITY AND GENERAL PUBLIC BY DISSEMINATING AND PUBLISHING THE KNOWLEDGE GAINED AS A RESULT OF THOSE ACTIVITIES; AND (III) SERVING AS A CHAMPION FOR JOB PROVIDERS ON POTENTIALLY PRECEDENT-SETTING LEGAL I

Program Service Accomplishments

Program 1

Expenses: $48,577

"THE NORTH CAROLINA CHAMBER LEGAL INSTITUTE IS DESIGNED TO IDENTIFY, INVESTIGATE, STUDY, RESEARCH, AND ANALYZE, IN A NONPARTISAN MANNER, THOSE ASPECTS OF NORTH CAROLINA'S LEGAL ENVIRONMENT AND LEGAL SYSTEM THAT ENHANCE THE BUSINESS CLIMATE. THE LEGAL INSTITUTE WILL INFORM THE BUSINESS COMMUNITY AND THE GENERAL PUBLIC BY PUBLISHING THE KNOWLEDGE GAINED AS A RESULT OF ITS STUDY AND ANALYSIS ACTIVITIES, AND IT WILL PERFORM JUDICIAL ADVOCACY AND INTERVENTION THROUGH AMICUS CURIA PARTICIPATION IN SIGNIFICANT JUDICIAL CASES AND PARTICIPATE AS A PARTY IN LITIGATION WHERE APPROPRIATE.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,577

Other Expenses $48,577

TOTAL EXPENSES $48,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$101,000	-1.0%
Expenses	$48,577	$32,450	+0.5%
Net Income	N/A	$68,550	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

$1,180,507

Total Directors

$1,267,663

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY J SALAMIDO	DIRECTOR	1.00	Officer Director	$0	$22,735	$711,118
RAYMOND STARLING	PRESIDENT	7.50	Officer Director	$0	$21,906	$341,234
AMY FOWLER	TREASURER	1.00	Officer Director	$0	$10,019	$128,155
LUCINDA EASTWOOD	SECRETARY	1.00	Director	$0	$11,762	$87,156
MARK ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
BRAD KOHN	DIRECTOR	1.00	Director	$0	$0	$0
STEWARD LEETH	DIRECTOR	1.00	Director	$0	$0	$0
SU PING LU	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ORGAIN	DIRECTOR	1.00	Director	$0	$0	$0
JAKE PARKER	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTOPHER SMITH	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA VAN DER VAART	CHAIR	1.00	Director	$0	$0	$0
JOANNA WADE	DIRECTOR	1.00	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	No data	$48,577	$718,043	No data
2022	$101,000	$32,450	$766,620	$68,550
2021	$121,000	$39,664	$198,070	$81,336
2020	$65,000	$10,059	$139,059	$54,941
2019	$93,500	$20,451	$68,293	$73,049

NORTH CAROLINA CHAMBER LEGAL INSTITUTE