HARFORD COUNTY CHAMBER OF COMMERCE INC

EIN: 521188764

BEL AIR, MD

Total Revenue
$515,684
Total Expenses
$495,280
Total Assets
$486,542
Net Assets
$478,542
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MD
Principal Officer
ANGELA ROSE
Phone
4108382020
Tax Period
2024-07-01 to 2025-06-30

HARFORD COUNTY CHAMBER OF COMMERCE INC, founded in 1982, is a small nonprofit that reported $516K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $495K left a modest 4% surplus.

Mission

TO BE THE PREMIER BUSINESS ADVOCATE IN THE (HARFORD) COUNTY, HELPING MEMBERS CONNECT AND THRIVE TO CREATE A VIBRANT ECONOMY ACROSS ALL SECTORS.

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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 $232,078
Program Service Revenue $262,325
Investment Income $3,002
Other Revenue $18,279
TOTAL REVENUE $515,684

Expense Breakdown

Grants Paid $0
Salaries & Benefits $261,386
Fundraising Expenses $6,972
Program Expenses $299,445
Other Expenses $233,894
TOTAL EXPENSES $495,280

Year-over-Year Comparison

2024 2023 Change
Revenue $515,684 $458,248 +0.1%
Expenses $495,280 $443,432 +0.1%
Net Income $20,404 $14,816 +0.4%
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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Governance

Voting Members
24
Independent Members
24
Employees
5
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
$86,514
Total Directors
24
$0
Key Employees
1
$86,514
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS STONE CHAIR 3.00
Officer Director
$0 $0 $0
MONICA WORRELL CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
BRIANNE BACCARO NORRIS PAST CHAIR 1.00
Officer Director
$0 $0 $0
MIKE RAY VICE CHAIR ADMINISTRATION 1.00
Director
$0 $0 $0
ANGELA ROSE PRESIDENT/CEO 40.00
Officer Key Emp Highest
$86,514 $0 $86,514
DR SEAN BULSON BOARD MEMBER 1.00
Director
$0 $0 $0
MEGHAN JACK BOARD MEMBER 1.00
Director
$0 $0 $0
JOSH NELSON BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE MAXWELL BOARD MEMBER 1.00
Director
$0 $0 $0
VICTORIA YASSEM BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC REBBERT BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY DIPAULA BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE KARCZESKI BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY GUCKERT BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY GRANT BOARD MEMBER 1.00
Director
$0 $0 $0
DR THERESA FELDER BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT WEHLAND BOARD MEMBER 1.00
Director
$0 $0 $0
MARY HASTLER BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH KARANTONIS BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE GIORDANO BOARD MEMBER 1.00
Director
$0 $0 $0
RAJ GOEL BOARD MEMBER 1.00
Director
$0 $0 $0
RON FISHER BOARD MEMBER 1.00
Director
$0 $0 $0
CLAUDIA NACHTIGAL BOARD MEMBER 1.00
Director
$0 $0 $0
LEN PARRISH BOARD MEMBER 1.00
Director
$0 $0 $0
CHANEL RHOADS REED BOARD MEMBER 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
2025 $515,684 $495,280 $486,542 $20,404
2024 No data No data No data No data
2023 $470,365 $464,244 $453,333 $6,121
2022 $394,386 $456,881 $437,201 $-62,495
2021 $470,186 $372,488 $547,204 $97,698
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