Roanoke Regional Chamber of Commer… - Form 990 Financial Data

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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

1889

Legal Domicile

Phone

5409830700

Tax Period

2023-01-01 to 2023-12-31

Roanoke Regional Chamber of Commerce, founded in 1889, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

The Chamber is a Business Advocate for the Roanoke Region.

Program Service Accomplishments

Program 1

Expenses: $752,865 Revenue: $751,150

The Roanoke Regional Chamber of Commerce is a business advocacy organization for the Roanoke Valley creating a climate for member businesses to be successful through business advocacy, networking...

The Roanoke Regional Chamber of Commerce is a business advocacy organization for the Roanoke Valley creating a climate for member businesses to be successful through business advocacy, networking, information sharing and business assistance.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $177,273

Program Service Revenue $751,150

Investment Income $2,926

Other Revenue $91,607

TOTAL REVENUE $1,022,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $613,427

Fundraising Expenses $0

Program Expenses $752,865

Other Expenses $390,388

TOTAL EXPENSES $1,003,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,022,956	$1,309,351	-0.2%
Expenses	$1,003,815	$1,373,434	-0.3%
Net Income	$19,141	$-64,083	-1.3%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$96,894

Total Directors

$161,902

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Sichau	President/Sec	40.00	Officer Director	$90,000	$6,894	$96,894
Ginger Lynch	Director of Fin	40.00	Director	$60,556	$4,452	$65,008
Andy Agee	Director	0.00	Director	$0	$0	$0
Melissa Mays	Director	0.00	Director	$0	$0	$0
Dr Bret S Danilowicz	Director	0.00	Director	$0	$0	$0
Matt Pumo	Vice Chair	0.00	Director	$0	$0	$0
Andy Henritze DDS	Director	0.00	Director	$0	$0	$0
Alan Fabian	Director	0.00	Director	$0	$0	$0
Landon Howard	Director	0.00	Director	$0	$0	$0
Doug Agner	Director	0.00	Director	$0	$0	$0
Greg Brock	Past Chair	0.00	Director	$0	$0	$0
Annette Lewis	Director	0.00	Director	$0	$0	$0
Jared Schweitzer	Director	0.00	Director	$0	$0	$0
Dayal Bhagat	Director	0.00	Director	$0	$0	$0
Jeff Barbour	Treasurer	0.00	Officer Director	$0	$0	$0
Dr Kay Dunkley	Vice Chair	0.00	Director	$0	$0	$0
Bud Grey	Director	0.00	Director	$0	$0	$0
Bethany Murphy	Director	0.00	Director	$0	$0	$0
Dr Mary Dana Hinton	Director	0.00	Director	$0	$0	$0
Jeremy Holmes	Director	0.00	Director	$0	$0	$0
Dani Poe	Director	0.00	Director	$0	$0	$0
John Hull	Director	0.00	Director	$0	$0	$0
Jill Hume	Director	0.00	Director	$0	$0	$0
Brian Powell	Director	0.00	Director	$0	$0	$0
Mimi Coles	Chair	0.00	Officer Director	$0	$0	$0
Rick James	Vice Chair	0.00	Director	$0	$0	$0
Dr Frank Shushok	Director	0.00	Director	$0	$0	$0
Jennifer Walker	Director	0.00	Director	$0	$0	$0
Stephen Lemon	Vice Chair	0.00	Director	$0	$0	$0
Sam Worthington	Director	0.00	Director	$0	$0	$0
Jim Lull	Director	0.00	Director	$0	$0	$0
Craig Parrent	Director	0.00	Director	$0	$0	$0
Rob Mangus	Vice Chair	0.00	Director	$0	$0	$0
Barry Buchanan	Director	0.00	Director	$0	$0	$0
Dr Lee Learman	Director	0.00	Director	$0	$0	$0
Paul Nester	Chair Elect	0.00	Director	$0	$0	$0
Brad Hall	Director	0.00	Director	$0	$0	$0
Steve Jones	Director	0.00	Director	$0	$0	$0
Tina Workman	Director	0.00	Director	$0	$0	$0
Sherry Lawrence	Director	0.00	Director	$0	$0	$0
Dr Mirta M Martin	Director	0.00	Director	$0	$0	$0
Dr Robert Sandel	Director	0.00	Director	$0	$0	$0
Sam Oakey IV	Vice Chair	0.00	Director	$0	$0	$0
Sam Lionberger III	Vice Chair	0.00	Director	$0	$0	$0
Dr Scott Weimer	Director	0.00	Director	$0	$0	$0
Garry Norris	Director	0.00	Director	$0	$0	$0
Benjamin Oldham	Director	0.00	Director	$0	$0	$0
Kirtesh Patel	Director	0.00	Director	$0	$0	$0
Cathy Underwood	Director	0.00	Director	$0	$0	$0
Richmond Vincent	Director	0.00	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	$1,022,956	$1,003,815	$1,040,835	$19,141
2022	$1,309,351	$1,373,434	$1,137,305	$-64,083
2021	$1,390,758	$1,262,231	$1,141,768	$128,527
2020	$956,321	$1,075,667	$1,082,218	$-119,346
2019	$1,064,284	$1,059,320	$1,176,907	$4,964
2018	$981,083	$1,003,381	$1,148,203	$-22,298

Roanoke Regional Chamber of Commerce