GARRETT COUNTY CHAMBER OF COMMERCE… - 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

1998

Legal Domicile

Principal Officer

NICKOLAS SHARPS

Phone

3013874386

Tax Period

2024-07-01 to 2025-06-30

GARRETT COUNTY CHAMBER OF COMMERCE INC HOME OF DEEP CREEK LAKE, founded in 1998, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 9% surplus.

Mission

TO PROMOTE TOURISM AND ECONOMIC DEVELOPMENT IN GARRETT COUNTY

Program Service Accomplishments

Program 1

Expenses: $851,382 Revenue: $294,396

GENERAL PROMOTION OF TOURISM/ECONOMIC DEVELOPMENT INCLUDES OPERATION OF COUNTY VISITOR RECEPTION CENTER FOR TOURISTS. COORDINATE ANNUAL AUTUMN GLORY FALL FOLIAGE FESTIVAL AND ALL VISITOR CENTER...

GENERAL PROMOTION OF TOURISM/ECONOMIC DEVELOPMENT INCLUDES OPERATION OF COUNTY VISITOR RECEPTION CENTER FOR TOURISTS. COORDINATE ANNUAL AUTUMN GLORY FALL FOLIAGE FESTIVAL AND ALL VISITOR CENTER OPERATING EXPENSES.

Program 2

Expenses: $267,716 Revenue: $151,006

MOUNTAIN MARYLAND GATEWAY TO THE WEST HERITAGE AREA IS LOCALLY DESIGNATED AND STATE CERTIFIED REGION WHERE PUBLIC AND PRIVATE PARTNERS MAKE COMMITMENTS TO PRESERVING HISTORICAL, CULTURAL AND NATURAL...

Program 3

Expenses: $171,969 Revenue: $59,829

MEMBER SERVICES INCLUDING PUBLICATION OF COMMUNITY PROFILE AND MEMBERSHIP DIRECTORY, BUSINESS AFTER HOURS MEETINGS, AND COORDINATE OTHER LOCAL BUSINESS PROMOTIONS.

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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 $977,193

Program Service Revenue $505,231

Investment Income $28,198

Other Revenue $7,026

TOTAL REVENUE $1,517,648

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $512,602

Fundraising Expenses $0

Program Expenses $1,291,067

Other Expenses $850,204

TOTAL EXPENSES $1,387,806

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,517,648	$1,359,415	+0.1%
Expenses	$1,387,806	$1,414,464	0.0%
Net Income	$129,842	$-55,049	-3.4%

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

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
SHAWN BENDER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BRENNEMAN	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH GEORG	DIRECTOR	1.00	Director	$0	$0	$0
DARRYL GLOTFELTY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GREEN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PATTY MASH	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA MCDONNELL	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI NEWSOME	TREASURER	2.00	Officer Director	$0	$0	$0
JAY QUINN	DIRECTOR	1.00	Director	$0	$0	$0
BEN RIEGSECKER	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP RODEHEAVER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SCHROYER	DIRECTOR	1.00	Director	$0	$0	$0
NICKOLAS SHARPS	PRESIDENT	40.00	Officer Director	$0	$0	$0
STEVE STUCK	CHAIR	2.00	Officer Director	$0	$0	$0
EMILY TUSING	DIRECTOR	1.00	Director	$0	$0	$0
JULIE YODER	SECRETARY	2.00	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
2025	$1,517,648	$1,387,806	$1,803,377	$129,842
2024	$1,359,415	$1,414,464	$1,639,779	$-55,049
2023	$2,083,963	$1,769,472	$1,653,593	$314,491
2022	$1,306,432	$1,239,162	$956,282	$67,270
2021	$1,617,282	$1,449,860	$924,932	$167,422
2020	$1,434,859	$1,289,052	$743,273	$145,807
2019	$1,362,069	$1,332,280	$526,518	$29,789

GARRETT COUNTY CHAMBER OF COMMERCE INC HOME OF DEEP CREEK LAKE