CHARLOTTESVILLE REGIONAL CHAMBER OF COMM

EIN: 540166025

CHARLOTTESVILLE, VA

Total Revenue
$1,369,104
Total Expenses
$560,543
Total Assets
$1,306,994
Net Assets
$1,020,540
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1913
Legal Domicile
VA
Principal Officer
ANDREA COPELAND
Phone
4342953141
Tax Period
2024-01-01 to 2024-12-31

CHARLOTTESVILLE REGIONAL CHAMBER OF COMM, founded in 1913, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $809K, a strong 59% operating margin.

Mission

THE CHARLOTTESVILLE REGIONAL CHAMBER OF COMMERCE IS A NON-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE COMMONWEALTH OF VIRGINIA FOR THE PURPOSE OF REPRESENTING PRIVATE ENTERPRISE, PROMOTING BUSINESS, ECONOMIC GROWTH AND VITALITY, AND ENHANCING THE QUALITY OF LIFE IN THE CITY OF CHARLOTTESVILLE AND SURROUNDING COUNTIES.

Program Service Accomplishments

Program 1

MEMBER SERVICES ACTIVITIES - THE CHAMBER PROVIDES AND/OR SPONSORS AN ARRAY OF MEMBER SERVICES FOR ITS APPROXIMATELY 590 CHAMBER MEMBER AND AFFILIATE MEMBER ENTERPRISES AND THEIR MEMBER...

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MEMBER SERVICES ACTIVITIES - THE CHAMBER PROVIDES AND/OR SPONSORS AN ARRAY OF MEMBER SERVICES FOR ITS APPROXIMATELY 590 CHAMBER MEMBER AND AFFILIATE MEMBER ENTERPRISES AND THEIR MEMBER REPRESENTATIVES AND EMPLOYEES, SUCH AS: MEMBER SEMINARS AND WORKSHOPS; MEMBER BUSINESS DEVELOPMENT AND BUSINESS PROMOTION PROGRAMS AND SERVICES; MEMBER AND COMMUNITY INFORMATION SERVICES; COMMUNITY DEVELOPMENT PROGRAMS AND SERVICES; AND EVENTS TO PROMOTE THE COMMON INTERESTS AND INTERACTION OF CHAMBER MEMBERS AND THE GREATER CHARLOTTESVILLE COMMUNITIES.

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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 $285,450
Program Service Revenue $345,384
Investment Income $738,270
Other Revenue $0
TOTAL REVENUE $1,369,104

Expense Breakdown

Grants Paid $16,500
Salaries & Benefits $231,367
Fundraising Expenses $0
Other Expenses $312,676
TOTAL EXPENSES $560,543

Year-over-Year Comparison

2024 2023 Change
Revenue $1,369,104 $763,016 +0.8%
Expenses $560,543 $653,641 -0.1%
Net Income $808,561 $109,375 +6.4%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
20
Independent Members
19
Employees
4
Volunteers
175

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
7
$136,717
Total Directors
21
$136,717
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREA COPELAND PRESIDENT AND CEO 40.00
Officer Director
$126,667 $3,800 $130,467
NATALIE MASRI PAST PRESIDENT 40.00
Officer Director
$6,250 $0 $6,250
JONATHAN CHASEN VICE CHAIR, CHAIR ELECT 2.50
Officer Director
$0 $0 $0
SASHA FARMER TRIPP CHAIRWOMAN OF THE BOARD 2.50
Officer Director
$0 $0 $0
TODD ROWLEY VICE CHAIR, FINANCE 2.50
Officer Director
$0 $0 $0
CHARLIE ROGERS VICE CHAIR, GOVERNANCE 2.50
Officer Director
$0 $0 $0
REBECCA IVINS IMMEDIATE PAST CHAIR 2.50
Officer Director
$0 $0 $0
MARIANE ASAD DOYLE DIRECTOR 1.50
Director
$0 $0 $0
GUY BROWNING DIRECTOR 1.50
Director
$0 $0 $0
KARA CHANDEYSSON DIRECTOR 2.50
Director
$0 $0 $0
LIBBY EDWARDS-ALLBAUGH DIRECTOR 1.50
Director
$0 $0 $0
CHRIS ENGEL DIRECTOR 1.50
Director
$0 $0 $0
YOLUNDA HARRELL DIRECTOR 1.50
Director
$0 $0 $0
TREVOR HENRY DIRECTOR 1.50
Director
$0 $0 $0
ALLISON LINNEY DIRECTOR 1.50
Director
$0 $0 $0
DAVID MITCHELL DIRECTOR 1.50
Director
$0 $0 $0
RAVI RESPETO DIRECTOR 1.50
Director
$0 $0 $0
COLETTE SHEEHY DIRECTOR 1.50
Director
$0 $0 $0
ABDI SOMO DIRECTOR 1.50
Director
$0 $0 $0
DEBORAH VAN EERSEL DIRECTOR 1.50
Director
$0 $0 $0
KEITH WOODWARD DIRECTOR 1.50
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 $1,369,104 $560,543 $1,306,994 $808,561
2023 $763,016 $653,641 $523,026 $109,375
2022 $673,453 $655,376 $492,239 $18,077
2021 $527,909 $515,243 $485,186 $12,666
2020 $664,583 $576,859 $313,350 $87,724
2019 $623,604 $595,430 $277,973 $28,174
2018 $639,593 $630,244 $160,722 $9,349
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