CRISFIELD AREA CHAMBER OF COMMERCE INC

EIN: 521339935

CRISFIELD, MD

Total Revenue
$215,447
Total Expenses
$113,611
Total Assets
$443,417
Net Assets
$404,506
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MD
Principal Officer
THOMAS SHORES
Phone
4109682500
Tax Period
2024-01-01 to 2024-12-31

CRISFIELD AREA CHAMBER OF COMMERCE INC, founded in 1990, is a small nonprofit that reported $215K in total revenue in fiscal year 2024. The organization ran a surplus of $102K, a strong 47% operating margin.

Mission

TO PROMOTE AND ENCOURAGE NEW BUSINESS AND TO ASSIST EXISTING BUSINESS IN LOCAL AREA. TO PROMOTE,COORDINATE AND SUBSTAIN PROGRAMS TO PROMOTE THE NEEDS OF THE BUSINESS COMMUNITY. RUN TWO LARGE EVENTS ANNUALLY.

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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 $46,973
Program Service Revenue $0
Investment Income $4,482
Other Revenue $163,992
TOTAL REVENUE $215,447

Expense Breakdown

Grants Paid $0
Salaries & Benefits $42,292
Fundraising Expenses $0
Other Expenses $71,319
TOTAL EXPENSES $113,611

Year-over-Year Comparison

2024 2023 Change
Revenue $215,447 $199,822 +0.1%
Expenses $113,611 $119,547 0.0%
Net Income $101,836 $80,275 +0.3%
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

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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
72
Independent Members
72
Employees
3
Volunteers
200

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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA LAIRD 1ST VICE PRESIDENT 1.00
Officer
$0 $0 $0
HITESH PATEL PRESIDENT 5.00
Officer
$0 $0 $0
TINA THORNE SECRETARY 1.00
Officer
$0 $0 $0
LEEANN LINTON TREASURER 2.00
Officer
$0 $0 $0
DANNY THOMPSON 2ND VICE PRESIDENT 1.00
Officer
$0 $0 $0
CHRISTINA CARLSON BOARD MEMBER 1.00
Director
$0 $0 $0
BILLIE CHANDLER BOARD MEMBER 1.00
Director
$0 $0 $0
ANDRE COLLINS BOARD MEMBER 1.00
Director
$0 $0 $0
Jesse Drewer 1.00
Director
$0 $0 $0
ED GOYDA BOARD MEMBER 1.00
Director
$0 $0 $0
ANNETTE KENNEY BOARD MEMBER 1.00
Director
$0 $0 $0
CAITLIN KILBY BOARD MEMBER 1.00
Director
$0 $0 $0
JOSH NORDSTROM BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN RIGGIN BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA SINGH 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
2024 $215,447 $113,611 $443,417 $101,836
2023 $199,822 $119,547 $370,064 $80,275
2022 $151,432 $127,359 $306,686 $24,073
2021 $201,192 $106,888 $276,408 $94,304
2020 $34,202 $101,298 $182,104 $-67,096
2019 $161,156 $139,664 $249,200 $21,492
2018 $154,086 $105,605 $227,708 $48,481
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