Kent County Chamber of Commerce Inc

EIN: 521313922

Chestertown, MD

Total Revenue
$156,065
Total Expenses
$153,255
Total Assets
$133,495
Net Assets
$130,056
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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
1958
Legal Domicile
MD
Principal Officer
Sarah King
Phone
4107783779
Tax Period
2023-01-01 to 2023-12-31

Kent County Chamber of Commerce Inc, founded in 1958, is a small nonprofit that reported $156K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

The mission of the Kent County Chamber of Commerce is to strengthen, support and promote the economic vitality of our member businesses and the community of Kent County.

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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 $120,614
Program Service Revenue $0
Investment Income $52
Other Revenue $35,399
TOTAL REVENUE $156,065

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,252
Fundraising Expenses $0
Program Expenses $153,255
Other Expenses $59,003
TOTAL EXPENSES $153,255

Year-over-Year Comparison

2023 2022 Change
Revenue $156,065 $141,653 +0.1%
Expenses $153,255 $146,332 +0.0%
Net Income $2,810 $-4,679 -1.6%
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

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Governance

Voting Members
14
Independent Members
N/A
Employees
2
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
3
$0
Total Directors
15
$84,158
Key Employees
1
$84,158
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sarah King Executive Director 040.00
Director Key Emp Highest
$84,158 $0 $84,158
Meghan Livie President 005.00
Officer Director
$0 $0 $0
Karyn Dustin Treasurer 005.00
Officer Director
$0 $0 $0
Brian Moore Vice President 005.00
Officer Director
$0 $0 $0
Steve Atkinson Board Member 005.00
Director
$0 $0 $0
Zane Carter Board Member 005.00
Director
$0 $0 $0
Genevieve Croker Board Member 005.00
Director
$0 $0 $0
Andrew Gillespie Board Member 005.00
Director
$0 $0 $0
Thomas Eleuterio Board Member 005.00
Director
$0 $0 $0
Joseph Goetz Board Member 005.00
Director
$0 $0 $0
Barbara Foster Past President/Board Member 005.00
Director
$0 $0 $0
Kevin Shearon Board Member 005.00
Director
$0 $0 $0
Melissa Haber Board Member 005.00
Director
$0 $0 $0
Thaddeus Moore Board Member 005.00
Director
$0 $0 $0
Andrew Lane Board Member 005.00
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
2023 $156,065 $153,255 $133,495 $2,810
2022 $141,653 $146,332 $128,813 $-4,679
2021 $135,016 $152,034 $131,088 $-17,018
2020 $114,229 $104,439 $162,125 $9,790
2019 $114,890 $129,218 $146,351 $-14,328
2018 $134,923 $119,837 $160,685 $15,086
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