CARROLL COUNTY CHAMBER OF COMMERCE

EIN: 520684041

WESTMINSTER, MD

Total Revenue
$726,998
Total Expenses
$718,396
Total Assets
$384,653
Net Assets
$382,248
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
MD
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.

Program Service Accomplishments

Program 1

THE CHAMBER HOSTS 50-60 EVENTS PER YEAR FOCUSING ON PROMOTING LOCAL BUSINESSES IN CARROLL COUNTY. RELATIONSHIPS ARE THE FABRIC OF EVERY SUCCESSFUL BUSINESS. THEREFORE, WE PLACE A PREMIUM ON CREATING...

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THE CHAMBER HOSTS 50-60 EVENTS PER YEAR FOCUSING ON PROMOTING LOCAL BUSINESSES IN CARROLL COUNTY. RELATIONSHIPS ARE THE FABRIC OF EVERY SUCCESSFUL BUSINESS. THEREFORE, WE PLACE A PREMIUM ON CREATING OPPORTUNITIES AND EXPERIENCES FOR OUR MEMBERS TO MAKE MEANINGFUL CONNECTIONS AND BUILD RELATIONSHIPS WITH PROFESSIONALS, BUSINESS OWNERS, AND COMMUNITY LEADERS FROM CARROLL COUNTY, MD AND SURROUNDING AREAS. WE ARE OVER 650 MEMBERS STRONG AND LOOK FORWARD TO SERVING MANY MORE BUSINESSES IN THE YEARS TO COME.

Program 2

LEADERSHIP CARROLL IS COSPONSORED BY THE CARROLL COUNTY CHAMBER OF COMMERCE AND CARROLL COMMUNITY COLLEGE. SINCE ITS DEBUT IN 1990, LEADERSHIP CARROLL HAS BEEN THE PREMIER LEADERSHIP DEVELOPMENT...

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LEADERSHIP CARROLL IS COSPONSORED BY THE CARROLL COUNTY CHAMBER OF COMMERCE AND CARROLL COMMUNITY COLLEGE. SINCE ITS DEBUT IN 1990, LEADERSHIP CARROLL HAS BEEN THE PREMIER LEADERSHIP DEVELOPMENT PROGRAM IN CARROLL COUNTY. ITS PURPOSE IS TO PROVIDE EXISTING AND EMERGING LEADERS WITH A COMBINATION OF LEADERSHIP TRAINING AND DETAILED KNOWLEDGE OF THE COMMUNITY, INCLUDING A DESCRIPTION OF THE PROBLEMS, OPPORTUNITIES, AND ISSUES FACING OUR COMMUNITY. EMPLOYERS FROM EVERY SIZE BUSINESS, ALONG WITH NONPROFIT AND GOVERNMENT ORGANIZATIONS, ENROLL THEIR MANAGERS AND KEY PROFESSIONAL STAFF IN THE PROGRAM AND PROVIDE THEM DIRECT CONTACT WITH THE LEADERS AND THE INSTITUTIONS CENTRAL TO THE PROCESS OF CHANGE IN CARROLL COUNTY. LEADERSHIP CARROLL IS YOUR BEST OPPORTUNITY TO ENHANCE YOUR OWN OR YOUR EMPLOYEE'S KNOWLEDGE OF WHO TO CALL ON AND HOW TO GET THINGS DONE IN CARROLL COUNTY. THE LEADERSHIP CARROLL PROGRAM HAD 43 GRADUATES IN 2023 AND CURRENTLY HAS 45 ENROLLED IN THE CLASS THIS YEAR.

Program 3

THE CHAMBER HOSTS AN EVENT CALLED THE CARROLL BIZ CHALLENGE, WHICH HAS BECOME AN ANNUAL TRADITION IN CARROLL COUNTY. THE BIZ CHALLENGE OFFERS LOCAL ENTREPRENUERS THE EXCITING OPPORTUNITY TO PITCH...

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THE CHAMBER HOSTS AN EVENT CALLED THE CARROLL BIZ CHALLENGE, WHICH HAS BECOME AN ANNUAL TRADITION IN CARROLL COUNTY. THE BIZ CHALLENGE OFFERS LOCAL ENTREPRENUERS THE EXCITING OPPORTUNITY TO PITCH THEIR NEW BUSINESS IDEAS TO MAKE GREAT CONNECTIONS, GET LOADS OF PUBLICITY, AND COMPETE FOR A 10,000 CASH PRIZE. IN 2023, THERE WERE 44 ENTRANTS IN THE CARROLL BIZ CHALLENGE.

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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 (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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Governance

Voting Members
18
Independent Members
18
Employees
4
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
4
$146,589
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
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
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