VIRGINIA CHAMBER OF COMMERCE

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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

1964

Legal Domicile

Principal Officer

BARRY E DUVAL

Phone

8046441607

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA CHAMBER OF COMMERCE, founded in 1964, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2023.

Mission

THE VIRGINIA CHAMBER OF COMMERCE WAS ESTABLISHED TO ENCOURAGE THE GROWTH AND SUCCESS OF BUSINESS AND INDUSTRY IN THE COMMONWEALTH OF VIRGINIA.

Program Service Accomplishments

Program 1

CONFERENCES, SEMINARS, AND MEETINGS TO ADDRESS BUSINESS ISSUES IN VIRGINIA AND TO PROMOTE THE GROWTH AND SUCCESS OF VIRGINIA BUSINESSES.

Program 2

PUBLICATIONS TO EDUCATE AND PROVIDE RESOURCES FOR CHAMBER MEMBERS AND BUSINESSES AND INDUSTRY IN VIRGINIA.

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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 $0

Program Service Revenue $3,181,645

Investment Income $0

Other Revenue $793,607

TOTAL REVENUE $3,975,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,868,812

Fundraising Expenses $0

Other Expenses $1,207,534

TOTAL EXPENSES $4,076,346

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,975,252	$3,825,749	+0.0%
Expenses	$4,076,346	$3,740,830	+0.1%
Net Income	$-101,094	$84,919	-2.2%

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

111

Independent Members

111

Employees

Volunteers

111

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

$686,018

Total Directors

Key Employees

$265,078

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY E DUVAL	PRESIDENT &	40.00	Officer	$641,779	$44,239	$686,018
LAKSHMI WILLIAMS	CHAIR	1.00	Officer Director	$0	$0	$0
FRED THOMPSON	IMM PAST CHA	1.00	Officer Director	$0	$0	$0
LINDA STANLEY	TREASURER	1.00	Officer Director	$0	$0	$0
GILBERT T BLAND	EXECUTIVE CO	1.00	Officer Director	$0	$0	$0
JANICE CRAWFORD	EXECUTIVE CO	1.00	Officer Director	$0	$0	$0
BEN J DAVENPORT JR	EXECUTIVE CO	1.00	Officer Director	$0	$0	$0
ROBERT DUVALL	EXECUTIVE CO	1.00	Officer Director	$0	$0	$0
TAMMY MOSS FINLEY	EXECUTIVE CO	1.00	Officer Director	$0	$0	$0
MARK HOURIGAN	EXECUTIVE CO	1.00	Officer Director	$0	$0	$0
CHRIS KYLE	EXECUTIVE CO	1.00	Officer Director	$0	$0	$0
STEWART T LEETH	EXECUTIVE CO	1.00	Officer Director	$0	$0	$0
MIKE MELO	EXECUTUVE CO	1.00	Officer Director	$0	$0	$0
JENNIFER SICILIANO	EXECUTIVE CO	1.00	Officer Director	$0	$0	$0
ERIC SISCO	EXECUTIVE CO	1.00	Officer Director	$0	$0	$0
SEE ATTACHED SCHEDULE	DIRECTOR	1.00	Director	$0	$0	$0
KEITH MARTIN	EMPLOYEE	1.00	Key Emp	$245,229	$19,849	$265,078
ELEANA LEGREE	EMPLOYEE	1.00	Highest	$104,668	$0	$104,668
KAREN SUMACEWICZ	EMPLOYEE	1.00	Highest	$147,114	$0	$147,114
JOYCE MOORE	EMPLOYEE	1.00	Highest	$127,754	$0	$127,754
LINDSAY BORGE	EMPLOYEE	1.00	Highest	$110,356	$0	$110,356
CYNTHIA MIRACLE	EMPLOYEE	1.00	Highest	$109,356	$0	$109,356

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	$3,975,252	$4,076,346	$2,331,743	$-101,094
2022	$3,825,749	$3,740,830	$2,618,808	$84,919
2021	$3,487,323	$3,400,177	$2,075,482	$87,146
2020	$2,914,680	$2,820,243	$1,275,934	$94,437
2019	$3,086,068	$3,117,986	$1,114,230	$-31,918
2018	$3,295,150	$3,284,708	$1,209,229	$10,442