THE CHAMBER OF COMMERCE OF FREDERICK COUNTY INC

EIN: 520318880

FREDERICK, MD

Total Revenue
$1,152,511
Total Expenses
$1,186,677
Total Assets
$868,652
Net Assets
$298,909
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1912
Legal Domicile
MD
Principal Officer
RICK WELDON
Phone
3016624164
Tax Period
2024-10-01 to 2025-09-30

THE CHAMBER OF COMMERCE OF FREDERICK COUNTY INC, founded in 1912, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

AN ASSOCIATION OF BUSINESSES ORGANIZED TO ENHANCE THE ECONOMIC AND SOCIAL VITALITY OF FREDERICK COUNTY, MARYLAND, BY ADVOCATING AND PROMOTING THE INTERESTS OF BUSINESS, SOUND GOVERNMENT PRACTICES, AND AN INFORMED MEMBERSHIP AND COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,120,751
Investment Income $14,286
Other Revenue $17,474
TOTAL REVENUE $1,152,511

Expense Breakdown

Grants Paid $0
Salaries & Benefits $645,715
Fundraising Expenses $0
Other Expenses $540,962
TOTAL EXPENSES $1,186,677

Year-over-Year Comparison

2024 2023 Change
Revenue $1,152,511 $1,222,748 -0.1%
Expenses $1,186,677 $1,254,060 -0.1%
Net Income $-34,166 $-31,312 +0.1%
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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Governance

Voting Members
31
Independent Members
31
Employees
7
Volunteers
176

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
5
$186,669
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DWAYNE MYERS PAST-CHAIR 1.00
Officer Director
$0 $0 $0
JENNIFER MILAS TREASURER 1.00
Officer Director
$0 $0 $0
AMANDA HADDAWAY DIRECTOR 1.00
Director
$0 $0 $0
JARAD BOWENS DIRECTOR 1.00
Director
$0 $0 $0
ADAM KREISHER DIRECTOR 1.00
Director
$0 $0 $0
CHENEE BEACH DIRECTOR 1.00
Director
$0 $0 $0
DR PHILLIP BROWN DIRECTOR 1.00
Director
$0 $0 $0
SANDRA HOFMEISTER DIRECTOR 1.00
Director
$0 $0 $0
MELISSA MUNTZ DIRECTOR 1.00
Director
$0 $0 $0
STEVE HEINE CHAIR 1.00
Officer Director
$0 $0 $0
JON-MIKEL BAILEY DIRECTOR 1.00
Director
$0 $0 $0
MARK BLACKSTEN DIRECTOR 1.00
Director
$0 $0 $0
BRIAN GAUDET DIRECTOR 1.00
Director
$0 $0 $0
CHRIS VANDERGRIFT DIRECTOR 1.00
Director
$0 $0 $0
ERIC JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
CHERYL CIOFFI DIRECTOR 1.00
Director
$0 $0 $0
SARAH HURWITZ ROBEY DIRECTOR 1.00
Director
$0 $0 $0
DANNY SEVERN VICE CHAIR 1.00
Officer Director
$0 $0 $0
AMBER SMITH DIRECTOR 1.00
Director
$0 $0 $0
JEFF GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
SUE HOUGH DIRECTOR 1.00
Director
$0 $0 $0
SHANNON JACKSON DIRECTOR 1.00
Director
$0 $0 $0
ASHLEIGH KIGGANS ROSSI DIRECTOR 1.00
Director
$0 $0 $0
KEVIN MOORE DIRECTOR 1.00
Director
$0 $0 $0
HELEN PROPHETER DIRECTOR 1.00
Director
$0 $0 $0
DANIELLE RIZZO DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE NUSUM SMITH DIRECTOR 1.00
Director
$0 $0 $0
DR RACHEL MANDEL DIRECTOR 1.00
Director
$0 $0 $0
GREG BROWN DIRECTOR 1.00
Director
$0 $0 $0
JOE DELIZIA DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN SALTZMAN DIRECTOR 1.00
Director
$0 $0 $0
RICK WELDON PRESIDENT/CEO 50.00
Officer
$158,275 $28,394 $186,669
KIMBERLEY LEVINE CHIEF FINANCIAL OFFICER 40.00
Highest
$129,577 $4,016 $133,593
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 $1,152,511 $1,186,677 $868,652 $-34,166
2024 $1,222,748 $1,254,060 $944,262 $-31,312
2023 $1,102,027 $1,089,963 $819,637 $12,064
2022 $932,001 $842,114 $757,906 $89,887
2021 $887,119 $661,608 $619,630 $225,511
2020 $899,382 $774,300 $360,513 $125,082
2019 $997,452 $1,025,689 $350,498 $-28,237
2018 $1,089,764 $1,041,459 $335,037 $48,305
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