FREDERICKSBURG REGIONAL CHAMBER OF COMMERCE

EIN: 540216400

FREDERICKSBURG, VA

Total Revenue
$866,649
Total Expenses
$967,441
Total Assets
$226,331
Net Assets
$226,331
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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
1916
Legal Domicile
VA
Principal Officer
SUSAN SPEARS
Phone
5403739400
Tax Period
2023-01-01 to 2023-12-31

FREDERICKSBURG REGIONAL CHAMBER OF COMMERCE, founded in 1916, is a small nonprofit that reported $867K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $967K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE FREDERICKSBURG REGIONAL CHAMBER OF COMMERCE PROMOTES BUSINESS AND COMMUNITY ACTIVITIES IN THE FREDERICKSBURG REGION AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

THE FREDERICKSBURG REGIONAL CHAMBER OF COMMERCE PROMOTES BUSINESS AND COMMUNITY ACTIVITIES IN THE FREDERICKSBURG REGION AND SURROUNDING AREAS.

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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 $73,515
Program Service Revenue $674,367
Investment Income $6,652
Other Revenue $112,115
TOTAL REVENUE $866,649

Expense Breakdown

Grants Paid $0
Salaries & Benefits $617,497
Fundraising Expenses $0
Other Expenses $349,944
TOTAL EXPENSES $967,441

Year-over-Year Comparison

2023 2022 Change
Revenue $866,649 $771,237 +0.1%
Expenses $967,441 $937,321 +0.0%
Net Income $-100,792 $-166,084 -0.4%
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
9
Volunteers
241

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
$151,886
Total Directors
20
$151,886
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN DILLARD CHAIR 2.00
Officer Director
$0 $0 $0
MICHELLE CALDWELL THOMPSON VICE CHAIR 2.00
Officer Director
$0 $0 $0
SHAWN SLOAN TREASURER 2.00
Officer Director
$0 $0 $0
ERIC FLETCHER PAST CHAIR 2.00
Officer Director
$0 $0 $0
SUSAN SPEARS PRESIDENT/CE 40.00
Officer Director
$147,532 $4,354 $151,886
RAYMOND BELL JR DIRECTOR 1.00
Director
$0 $0 $0
MARGARET HARDY GENERAL COUN 2.00
Director
$0 $0 $0
STACY HORNE DIRECTOR 1.00
Director
$0 $0 $0
TYRONE LOGAN DIRECTOR 1.00
Director
$0 $0 $0
BRIAN BAKER DIRECTOR 1.00
Director
$0 $0 $0
JOHN HEWA DIRECTOR 1.00
Director
$0 $0 $0
GINNI MASTIN DIRECTOR 1.00
Director
$0 $0 $0
JANEL DONOHUE DIRECTOR 1.00
Director
$0 $0 $0
JOEL GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
JANET GULLICKSON DIRECTOR 1.00
Director
$0 $0 $0
MARTHA HUTZEL DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN KINGSLEY DIRECTOR 1.00
Director
$0 $0 $0
LINDA RIVERA DIRECTOR 1.00
Director
$0 $0 $0
BILL VAKOS DIRECTOR 1.00
Director
$0 $0 $0
RYAN VANDERWIJST DIRECTOR 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
2023 $866,649 $967,441 $226,331 $-100,792
2022 $771,237 $937,321 $627,123 $-166,084
2021 $987,064 $787,387 $826,864 $199,677
2020 $784,307 $748,535 $660,844 $35,772
2019 $919,718 $807,992 $658,729 $111,726
2018 $763,462 $751,077 $770,124 $12,385
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