SALISBURY AREA CHAMBER OF COMMERCE

EIN: 520470790

SALISBURY, MD

Total Revenue
$482,407
Total Expenses
$489,874
Total Assets
$670,497
Net Assets
$369,796
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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
1918
Legal Domicile
MD
Principal Officer
WILLIAM CHAMBERS
Phone
4107490144
Tax Period
2024-01-01 to 2024-12-31

SALISBURY AREA CHAMBER OF COMMERCE, founded in 1918, is a small nonprofit that reported $482K in total revenue in fiscal year 2024.

Mission

ADVOCATE, VOICE AND RESOURCE FOR BUSINESSES IN THE AREA. WORKS TO MAINTAIN & IMPROVE THE QUALITY OF LIFE. SUPPORTS ECONOMIC DEVELOPMENT AND WORKS TO MAINTAIN STRONG INDUSTRIES TO PROVIDE OUR CITIZENS WITH QUALITY LOCAL JOBS.

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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 $329,928
Investment Income $28,605
Other Revenue $123,874
TOTAL REVENUE $482,407

Expense Breakdown

Grants Paid $0
Salaries & Benefits $336,033
Fundraising Expenses $0
Program Expenses $489,874
Other Expenses $153,841
TOTAL EXPENSES $489,874

Year-over-Year Comparison

2024 2023 Change
Revenue $482,407 $485,023 0.0%
Expenses $489,874 $487,743 +0.0%
Net Income $-7,467 $-2,720 +1.7%
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

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Governance

Voting Members
20
Independent Members
20
Employees
4
Volunteers
50

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
10
$118,835
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM CHAMBERS PRESIDENT/CE 40.00
Officer
$118,835 $0 $118,835
DEBORAH CASEY DIRECTOR N/A
Director
$0 $0 $0
ZACH EVANS BOARD CHAIRM N/A
Officer Director
$0 $0 $0
MELISSA GEESLIN DIRECTOR N/A
Director
$0 $0 $0
D NICOLE GREEN LEGAL COUNSE N/A
Officer Director
$0 $0 $0
AARON GUY DIRECTOR N/A
Director
$0 $0 $0
VERONICA JAMES DIRECTOR N/A
Director
$0 $0 $0
CHELSEY JONES EXECUTIVE CO N/A
Officer Director
$0 $0 $0
SHAWNA KEARSLEY EXECUTIVE CO N/A
Officer Director
$0 $0 $0
JEFF MERRITT EX OFFICIO N/A
Officer Director
$0 $0 $0
ELI MODLIN DIRECTOR N/A
Director
$0 $0 $0
BRAD MOGAN DIRECTOR N/A
Director
$0 $0 $0
ALEXIS ROSKOVICH MUMFORD DIRECTOR N/A
Director
$0 $0 $0
REENA PATEL DIRECTOR N/A
Director
$0 $0 $0
RANDOLPH POTTER DIRECTOR N/A
Director
$0 $0 $0
JENNIFER POULSEN DIRECTOR N/A
Director
$0 $0 $0
GREG REDDELL IMMEDIATE PA N/A
Officer Director
$0 $0 $0
KARRI TODD EXECUTIVE CO N/A
Officer Director
$0 $0 $0
MAGGIE VINCENT TREASURER N/A
Officer Director
$0 $0 $0
DEANNA WHITTINGTON CHAIR ELECT N/A
Officer 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 $482,407 $489,874 $670,497 $-7,467
2023 $485,023 $487,743 $673,554 $-2,720
2022 $377,725 $442,829 $744,274 $-65,104
2021 $398,054 $404,622 $845,346 $-6,568
2020 $497,959 $395,666 $820,527 $102,293
2020 $497,959 $397,564 $820,527 $100,395
2019 $353,217 $384,975 $603,231 $-31,758
2018 $396,401 $383,719 $603,845 $12,682
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