VIRGINIA PENINSULA CHAMBER OF COMME

EIN: 540420380

NEWPORT NEWS, VA

Total Revenue
$1,085,088
Total Expenses
$1,061,321
Total Assets
$1,430,813
Net Assets
$708,960
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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
1935
Legal Domicile
VA
Phone
7572622000
Tax Period
2024-01-01 to 2024-12-31

VIRGINIA PENINSULA CHAMBER OF COMME, founded in 1935, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

CHAMBER MISSION: WE ARE A CATALYST FOR BUSINESS GROWTH ON THE VIRGINIA PENINSULA, AND A COLLABORATIVE PARTNER FOR ECONOMIC DEVELOPMENT WITHIN THE REGION.

Program Service Accomplishments

Program 1
Expenses: $890,191

PROGRAMS THAT PROMOTE THE ECONOMIC AND BUSINESS INTERESTS OF THE VIRGINIA PENINSULA AND THE REGION. PROGRAMS INCLUDE LEAD PENINSULA, NETWORKING EVENTS, EXECUTIVE PRESENTATIONS TO ENHANCE BUSINESSES...

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PROGRAMS THAT PROMOTE THE ECONOMIC AND BUSINESS INTERESTS OF THE VIRGINIA PENINSULA AND THE REGION. PROGRAMS INCLUDE LEAD PENINSULA, NETWORKING EVENTS, EXECUTIVE PRESENTATIONS TO ENHANCE BUSINESSES, MARKETS AND RELATIONSHIPS.

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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 $0
Program Service Revenue $1,013,044
Investment Income $0
Other Revenue $72,044
TOTAL REVENUE $1,085,088

Expense Breakdown

Grants Paid $0
Salaries & Benefits $532,923
Fundraising Expenses $0
Program Expenses $890,191
Other Expenses $528,398
TOTAL EXPENSES $1,061,321

Year-over-Year Comparison

2024 2023 Change
Revenue $1,085,088 $916,706 +0.2%
Expenses $1,061,321 $972,424 +0.1%
Net Income $23,767 $-55,718 -1.4%
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
14
Independent Members
13
Employees
6
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
4
$185,333
Total Directors
15
$185,333
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOB MCKENNA PRESIDENTCEOSECRETARY 38.00
Officer Director
$185,333 $0 $185,333
JOHN ANGLE MEMBER 1.00
Director
$0 $0 $0
CRYSTAL BRIGHT MEMBER 1.00
Director
$0 $0 $0
STEPHANIE KALANTARIANS CHAIR ELECT 1.00
Director
$0 $0 $0
RAYMOND SUTTLE JR MEMBER 1.00
Director
$0 $0 $0
MARK DUNCAN MEMBER 1.00
Director
$0 $0 $0
LISA PENNYFEATHER MEMBER 1.00
Director
$0 $0 $0
KATHLEEN JABS MEMBER 1.00
Director
$0 $0 $0
BRENDAN SUMMERS MEMBER 1.00
Director
$0 $0 $0
KEITH ROOTS MEMBER 1.00
Director
$0 $0 $0
STEPHANIE HEINATZ MEMBER 1.00
Director
$0 $0 $0
DENISE VAUGHN MEMBER 1.00
Director
$0 $0 $0
TOM COSGROVE PAST CHAIR 1.00
Officer Director
$0 $0 $0
BENJAMIN GARNER TREASURER 1.00
Officer Director
$0 $0 $0
ERIC FLOYD CHAIR 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 $1,085,088 $1,061,321 $1,430,813 $23,767
2023 $916,706 $972,424 $1,342,840 $-55,718
2022 $909,551 $785,058 $895,591 $124,493
2021 $733,100 $588,498 $744,914 $144,602
2020 $550,169 $525,972 $603,151 $24,197
2019 $738,846 $648,382 $569,494 $90,464
2018 $561,833 $598,442 $404,292 $-36,609
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