HALIFAX COUNTY CHAMBER OF COMMERCE INC

EIN: 540641363

SOUTH BOSTON, VA

Total Revenue
$402,553
Total Expenses
$356,589
Total Assets
$612,686
Net Assets
$512,219
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VA
Principal Officer
MITZI MCCORMICK
Phone
4345723085
Tax Period
2024-04-01 to 2025-03-31

HALIFAX COUNTY CHAMBER OF COMMERCE INC, founded in 1995, is a small nonprofit that reported $339K in total revenue in fiscal year 2018. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $301K left a modest 11% surplus.

Mission

THE MISSION OF THE HALIFAX COUNTY CHAMBER OF COMMERCE IS TO SERVE THE INTEREST OF ITS MEMBERS BY PROVIDING PRODUCTS, PROGRAMS AND SERVICES THAT ARE OF DIRECT BENEFIT TO THE MEMBERS, AND BY INFLUENCING ISSUES THAT AFFECT THE ECONOMIC VITALITY OF OUR COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $299,708
Program Service Revenue $0
Investment Income $15,701
Other Revenue $87,144
TOTAL REVENUE $402,553

Expense Breakdown

Grants Paid $0
Salaries & Benefits $178,142
Fundraising Expenses $0
Other Expenses $178,447
TOTAL EXPENSES $356,589

Year-over-Year Comparison

2024 2023 Change
Revenue $402,553 $418,919 0.0%
Expenses $356,589 $316,020 +0.1%
Net Income $45,964 $102,899 -0.6%
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN ANDERSON DIRECTOR 0.00
Director
$0 $0 $0
JEFFREY DAVIS DIRECTOR 0.00
Director
$0 $0 $0
MC DAY DIRECTOR 0.00
Director
$0 $0 $0
ERIC ARTHUR DIRECTOR 0.00
Director
$0 $0 $0
ALISHA RICE DIRECTOR 0.00
Director
$0 $0 $0
BETTY ADAMS EX-OFFICIO 0.00
Director
$0 $0 $0
DENISE BAIRD DIRECTOR 0.00
Director
$0 $0 $0
CARLA OWEN DIRECTOR 0.00
Director
$0 $0 $0
TYLER NUTTER DIRECTOR 0.00
Director
$0 $0 $0
JENNIFER THROCKMORTON DIRECTOR 0.00
Director
$0 $0 $0
JEREMY HOLT VICE CHAIR 0.00
Officer
$0 $0 $0
DENISE BARKSDALE CHAIR-ELECT 0.00
Officer
$0 $0 $0
HOLLEY LEWIS TREASURER 0.00
Officer
$0 $0 $0
DREW ROBERTSON CHAIR 0.00
Officer
$0 $0 $0
CHARLES ANDERSON VIRGINIA CANTALOUPE FESTIV 0.00
Officer
$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
2025 $402,553 $356,589 $612,686 $45,964
2024 $418,919 $316,020 $557,896 $102,899
2023 $401,099 $311,437 $441,583 $89,662
2022 $293,065 $263,111 $426,979 $29,954
2021 $298,411 $249,088 $346,213 $49,323
2020 $303,603 $279,751 $261,740 $23,852
2019 $338,917 $300,946 $221,797 $37,971
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