Hopewell Prince George Chamber of Commerce (EIN 540251652) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1920

Legal Domicile

Principal Officer

Becky McDonough

Phone

8045412461

Tax Period

2023-01-01 to 2023-12-31

HOPEWELL PRINCE GEORGE CHAMBER OF COMMERCE, founded in 1920, is a small nonprofit in the Community Improvement sector that reported $248K in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year. Expenses of $238K left a modest 4% surplus.

Mission

Mission is to champion a thriving, viable, and energized business community to improve the quality of life in this region.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,093

Program Service Revenue $283,417

Investment Income $4,749

Other Revenue $3,387

TOTAL REVENUE $292,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,212

Fundraising Expenses $0

Other Expenses $138,180

TOTAL EXPENSES $285,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$292,646	$241,162	+0.2%
Expenses	$285,392	$209,916	+0.4%
Net Income	$7,254	$31,246	-0.8%

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

$80,000

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Becky McDonough	CEO	40.00	Officer Director	$80,000	$0	$80,000
Dana Newcomer	President	1.00	Director	$0	$0	$0
Adam Perry	Vice President	0.50	Director	$0	$0	$0
Robin Moore	Treasurer	0.50	Director	$0	$0	$0
Nicole Fernandez	Secretary	0.50	Director	$0	$0	$0
Colin Romanick	Past President	0.50	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	No data	No data	No data	No data
2023	$292,646	$285,392	$315,460	$7,254
2022	$241,162	$209,916	$333,723	$31,246
2021	$293,586	$169,740	$353,366	$123,846
2020	$213,763	$195,842	$301,946	$17,921
2019	$250,921	$222,644	$296,710	$28,277
2018	$247,691	$238,130	$293,546	$9,561

Hopewell Prince George Chamber of Commerce