CARROLL COUNTY CHAMBER OF COMMERCE (EIN 520684041) - Form 990 Financial Analysis & Trantor Score

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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

1924

Legal Domicile

Principal Officer

MICHAEL MCMULLIN

Phone

4108489050

Tax Period

2023-01-01 to 2023-12-31

CARROLL COUNTY CHAMBER OF COMMERCE, founded in 1924, is a small nonprofit that reported $727K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE CARROLL COUNTY CHAMBER OF COMMERCE EXISTS TO PROMOTE A SOUND ECONOMIC ENVIRONMENT IN WHICH OUR BUSINESS COMMUNITY CAN PROSPER.

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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 $192

Program Service Revenue $674,798

Investment Income $2,428

Other Revenue $49,580

TOTAL REVENUE $726,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,763

Fundraising Expenses $0

Other Expenses $475,633

TOTAL EXPENSES $718,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$726,998	$642,461	+0.1%
Expenses	$718,396	$621,406	+0.2%
Net Income	$8,602	$21,055	-0.6%

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

100

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

$146,589

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCMULLIN	PRESIDENT	40.00	Officer	$131,901	$14,688	$146,589
BRADY CHAPMAN	CHAIR OF THE	1.00	Officer Director	$0	$0	$0
VAL GIOVAGNONI	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
SHERRY CRACIUM-BOLIN	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE AQUINO	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA BERSTLER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD TURNER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE HOGUE	DIRECTOR	1.00	Director	$0	$0	$0
COLEEN KRAMER-BEAL	DIRECTOR	1.00	Director	$0	$0	$0
JIM MCCARON	DIRECTOR	1.00	Director	$0	$0	$0
JON ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
EMILY BOLLINGER-MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DR JULIA JASKEN	DIRECTOR	1.00	Director	$0	$0	$0
CINDY MCCABE	DIRECTOR	1.00	Director	$0	$0	$0
LYNDI MCNULTY	DIRECTOR	1.00	Director	$0	$0	$0
JON WEETMAN	DIRECTOR	1.00	Director	$0	$0	$0
LENNY MILLS	DIRECTOR	1.00	Director	$0	$0	$0
DR JIM BALL	DIRECTOR	1.00	Director	$0	$0	$0
SETH SHIPLEY	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	$726,998	$718,396	$384,653	$8,602
2022	$642,461	$621,406	$366,964	$21,055
2021	$648,108	$556,833	$363,866	$91,275
2020	$521,378	$518,897	$259,586	$2,481
2019	$567,842	$552,645	$271,247	$15,197
2018	$522,471	$510,881	$237,201	$11,590

CARROLL COUNTY CHAMBER OF COMMERCE