SALEM-ROANOKE COUNTY CHAMBER OF CO… - 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

1934

Legal Domicile

Principal Officer

AMANDA A LIVINGSTON

Phone

5403870267

Tax Period

2023-01-01 to 2023-12-31

SALEM-ROANOKE COUNTY CHAMBER OF COMMERCE, founded in 1934, is a small nonprofit that reported $243K in total revenue in fiscal year 2023.

Mission

TO CREATE, DEVELOP, PROMOTE AND SUPPORT QUALITY BUSINESS OPPORTUNITIES IN THE SALEM AND ROANOKE COUNTY COMMUNITIES.

Program Service Accomplishments

Program 1

TO CREATE, DEVELOP, PROMOTE AND SUPPORT QUALITY BUSINESS OPPORTUNITIES IN THE SALEM AND ROANOKE COUNTY 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,800

Program Service Revenue $221,981

Investment Income $2,247

Other Revenue $0

TOTAL REVENUE $243,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,203

Fundraising Expenses $0

Other Expenses $117,886

TOTAL EXPENSES $242,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,028	$245,436	0.0%
Expenses	$242,089	$197,474	+0.2%
Net Income	$939	$47,962	-1.0%

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

N/A

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

$71,098

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA A LIVINGSTON	EXECUTIVE DI	40.00	Officer	$70,000	$1,098	$71,098
ZENITH BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
AMIE CHERNAULT	TREASURER	1.00	Officer Director	$0	$0	$0
LISA CLAUSE	DIRECTOR	1.00	Director	$0	$0	$0
MARJ EASTERLING	DIRECTOR	1.00	Director	$0	$0	$0
CAREY HARVEYCUTTER	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY KING	PRESIDENT	1.00	Officer Director	$0	$0	$0
DENISE P KING	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN LAWRENCE	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
JONATHAN LEE	DIRECTOR	1.00	Director	$0	$0	$0
JOE LEGAULT	DIRECTOR	1.00	Director	$0	$0	$0
TONI MCLAWHORN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MINI	DIRECTOR	1.00	Director	$0	$0	$0
QUINN MONGAN	DIRECTOR	1.00	Director	$0	$0	$0
MATT PUMO	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT RAMSBURG	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SHANER	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE SOLTIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
APRIL WOODWARD	2ND VICE PRE	1.00	Officer 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	$243,028	$242,089	$237,982	$939
2022	$245,436	$197,474	$237,443	$47,962
2021	$164,582	$154,885	$189,481	$9,697
2020	$124,746	$147,330	$179,333	$-22,584
2019	$171,234	$163,113	$201,770	$8,121
2018	$237,238	$235,789	$194,436	$1,449

SALEM-ROANOKE COUNTY CHAMBER OF COMMERCE