Greater Alleghany Highlands Chamber of Commerce

EIN: 540165010 501(c)(3)

Covington, VA

Total Revenue
$757,018
Total Expenses
$761,918
Total Assets
$398,990
Net Assets
$391,295
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
VA
Principal Officer
Teresa Hammond
Phone
5409622178
Tax Period
2023-01-01 to 2023-12-31

Greater Alleghany Highlands Chamber of Commerce, founded in 1960, is a small nonprofit that reported $561K in total revenue in fiscal year 2018. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

Promote economic development and tourism in the Alleghany Highlands

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $598,015
Program Service Revenue $0
Investment Income $3,020
Other Revenue $155,983
TOTAL REVENUE $757,018

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $289,182
Fundraising Expenses $0
Program Expenses $233,981
Other Expenses $452,736
TOTAL EXPENSES $761,918

Year-over-Year Comparison

2023 2022 Change
Revenue $757,018 $734,524 +0.0%
Expenses $761,918 $751,231 +0.0%
Net Income $-4,900 $-16,707 -0.7%
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
20
Independent Members
20
Employees
10
Volunteers
10

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
$101,652
Total Directors
0
$0
Key Employees
1
$101,652
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Teresa Hammond Executive Director 50.00
Officer Key Emp Highest
$101,652 $0 $101,652
John Rainone Past President 5.00
Officer
$0 $0 $0
Jon Fitzgerald President 5.00
Officer
$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 $757,018 $761,918 $398,990 $-4,900
2022 $734,524 $751,231 $323,100 $-16,707
2021 $719,369 $602,165 $332,607 $117,204
2020 $544,803 $541,531 $222,716 $3,272
2019 $509,875 $571,889 $214,455 $-62,014
2018 $560,763 $553,174 $275,320 $7,589
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