SALISBURY AREA 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

1918

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $489,874 Revenue: $329,928

713 MEMBERS ORGANIZED TO MAINTAIN AND IMPROVE THE AREA'S QUALITY OF LIFE, MAINTAIN SUPPORT FOR EXISTING INDUSTRIES, PROMOTE AND SUPPORT CONTINUED ECONOMIC DEVELOPMENT & FOSTER THE FREE ENTERPRISE...

713 MEMBERS ORGANIZED TO MAINTAIN AND IMPROVE THE AREA'S QUALITY OF LIFE, MAINTAIN SUPPORT FOR EXISTING INDUSTRIES, PROMOTE AND SUPPORT CONTINUED ECONOMIC DEVELOPMENT & FOSTER THE FREE ENTERPRISE SYSTEM.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$118,835

Total Directors

Key Employees

Highest Compensated

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