HAMPTON ROADS CHAMBER OF COMMERCE

EIN: 541252997

NORFOLK, VA

Total Revenue
$3,177,982
Total Expenses
$3,054,543
Total Assets
$5,968,064
Net Assets
$3,337,153
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
VA
Principal Officer
SYLVIA HAINES
Phone
7576222312
Tax Period
2023-01-01 to 2023-12-31

HAMPTON ROADS CHAMBER OF COMMERCE, founded in 1983, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2018.

Mission

AS A MEMBER-BASED BUSINESS ORGANIZATION, THE MISSION OF THE HAMPTON ROADS CHAMBER OF COMMERCE IS TO SERVE ITS MEMBERS AND COMMUNITIES BY CREATING ECONOMIC PROSPERITY AND ENHANCING THE QUALITY OF LIFE IN THE 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,700
Program Service Revenue $3,030,940
Investment Income $138,342
Other Revenue $0
TOTAL REVENUE $3,177,982

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,503,319
Fundraising Expenses $0
Program Expenses $2,291,315
Other Expenses $1,551,224
TOTAL EXPENSES $3,054,543

Year-over-Year Comparison

2023 2022 Change
Revenue $3,177,982 $3,115,043 +0.0%
Expenses $3,054,543 $3,044,543 +0.0%
Net Income $123,439 $70,500 +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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Liquidity & Cash Position

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Governance

Voting Members
82
Independent Members
77
Employees
18
Volunteers
307

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
10
$993,334
Total Directors
77
$427,331
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN STEPHENS PRESIDENT & 40.00
Officer Director
$405,400 $21,931 $427,331
SYLVIA HAINES EXEC. VP OPE 40.00
Officer
$150,000 $17,295 $167,295
GRETCHEN HEAL VP, GOVT. AF 40.00
Officer
$87,500 $12,939 $100,439
JUSTIN SAUNDERS VP, MEMBERSH 40.00
Officer
$107,240 $14,211 $121,451
ANNE THUMA VP, PROGRAMS 40.00
Officer
$85,000 $6,455 $91,455
LAUREN CARTER VP. MARKETIN 40.00
Officer
$73,500 $11,863 $85,363
JIM BIBBS CHAIR 1.00
Officer Director
$0 $0 $0
DAWN GLYNN CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
BOB PIZZINI TREASURER 1.00
Officer Director
$0 $0 $0
CHRISTOPHER M STONE IMMEDIATE PA 1.00
Director
$0 $0 $0
CATHY LEWIS VICE CHAIR, 1.00
Director
$0 $0 $0
DAVID PARADISE VICE CHAIR, 1.00
Director
$0 $0 $0
PAMELA WEST VICE CHAIR, 1.00
Director
$0 $0 $0
MICHELE PARTRIDGE-LANE VICE CHAIR, 1.00
Director
$0 $0 $0
AUSTIN GREGORY VICE CHAIR, 1.00
Director
$0 $0 $0
JOHN W WILSON VICE CHAIR, 1.00
Director
$0 $0 $0
STEPHEN R ROMINE CHAIR, HR BU 1.00
Director
$0 $0 $0
RONALD F LEWIS VICE CHAIR, 1.00
Director
$0 $0 $0
NNEKA CHIAZOR VICE CHAIR, 1.00
Director
$0 $0 $0
KURT KRAUSE VICE CHAIR, 1.00
Director
$0 $0 $0
SHAWN AVERY VICE CHAIR, 1.00
Director
$0 $0 $0
ANTIPAS HARRIS VICE CHAIR, 1.00
Director
$0 $0 $0
JEFF TANNER VICE CHAIR, 1.00
Director
$0 $0 $0
PHIL DUMUTH VICE CHAIR, 1.00
Director
$0 $0 $0
GEORGIE MARQUEZ VICE CHAIR, 1.00
Director
$0 $0 $0
JOHNNY GARCIA VICE CHAIR, 1.00
Director
$0 $0 $0
JAMES WHITE VICE CHAIR, 1.00
Director
$0 $0 $0
JOHN E DEGRUTTOLA VICE CHAIR, 1.00
Director
$0 $0 $0
KEN KAHN VICE CHAIR, 1.00
Director
$0 $0 $0
GLEN M ROBERTSON GENERAL COUN 1.00
Officer
$0 $0 $0
LACY SHIREY CHESAPEAKE C 1.00
Director
$0 $0 $0
THOMAS MCCARTHY CHAIR ELECT 1.00
Director
$0 $0 $0
LEAH WILLIAMS-RUMBLEY NORFOLK CHAI 1.00
Director
$0 $0 $0
MIKE CAMDEN CHAIR ELECT 1.00
Director
$0 $0 $0
PAUL HUNTER PORTSMOUTH C 1.00
Director
$0 $0 $0
CYNTHIA TYLER CHAIR ELECT 1.00
Director
$0 $0 $0
ANTHONY PIGLOWSKI SUFFOLK CHAI 1.00
Director
$0 $0 $0
LENARD PROVOST CHAIR ELECT 1.00
Director
$0 $0 $0
DANIEL HEATWOLE VIRGINIA BEA 1.00
Director
$0 $0 $0
ANDY STEPHENSON CHAIR ELECT 1.00
Director
$0 $0 $0
BERT SCHMIDT DIRECTOR 0.30
Director
$0 $0 $0
MICHELE ANDERSON DIRECTOR 0.30
Director
$0 $0 $0
DR JAVAUNE ADAMS-GASTON DIRECTOR 0.30
Director
$0 $0 $0
AUBREY LAYNE DIRECTOR 0.30
Director
$0 $0 $0
DR MARCIA CONSTONT DIRECTOR 0.30
Director
$0 $0 $0
JUSTIN BALLARD DIRECTOR 0.30
Director
$0 $0 $0
CHRIS TAN DIRECTOR 0.30
Director
$0 $0 $0
TERRY HORAN DIRECTOR 0.30
Director
$0 $0 $0
ANNA BONET DIRECTOR 0.30
Director
$0 $0 $0
CATHIE VICK DIRECTOR 0.30
Director
$0 $0 $0
BRIAN SCHOOLS DIRECTOR 0.30
Director
$0 $0 $0
ROBERT DUVAIL DIRECTOR 0.30
Director
$0 $0 $0
JOASH SCHULMAN DIRECTOR 0.30
Director
$0 $0 $0
DAN PETERSON DIRECTOR 0.30
Director
$0 $0 $0
BRUCE THOMPSON DIRECTOR 0.30
Director
$0 $0 $0
BENNETT ZIER DIRECTOR 0.30
Director
$0 $0 $0
REESE JACKSON DIRECTOR 0.30
Director
$0 $0 $0
RONALD J LAUSTER DIRECTOR 0.30
Director
$0 $0 $0
ANDREW HODGE DIRECTOR 0.30
Director
$0 $0 $0
JAMES W NOEL DIRECTOR 0.30
Director
$0 $0 $0
DARIUS DAVENPORT DIRECTOR 0.30
Director
$0 $0 $0
MIKE DONOHUE DIRECTOR 0.30
Director
$0 $0 $0
TONYA BYRD DIRECTOR 0.30
Director
$0 $0 $0
HARVEY JOHNSON DIRECTOR 0.30
Director
$0 $0 $0
BRIAN HEMPHILL DIRECTOR 0.30
Director
$0 $0 $0
HA KOEHLER DIRECTOR 0.30
Director
$0 $0 $0
MAUREEN MCDONNELL DIRECTOR 0.30
Director
$0 $0 $0
GREG GARRETT DIRECTOR 0.30
Director
$0 $0 $0
RADM CHRISTOPHER SCOTTY GRAY EX-OFFICIO/C 0.30
Director
$0 $0 $0
DOUG SMITH EX-OFFICIO/C 0.30
Director
$0 $0 $0
RICK DWYER EX-OFFICIO/C 0.30
Director
$0 $0 $0
SHAWN AVERY EX-OFFICIO/C 0.30
Director
$0 $0 $0
ROBERT CRUM EX-OFFICIO/C 0.30
Director
$0 $0 $0
WILLIAM E HARRELL EX-OFFICIO/C 0.30
Director
$0 $0 $0
KEVIN PAGE EX-OFFICIO/C 0.30
Director
$0 $0 $0
NANCY GRDEN EX-OFFICIO/C 0.30
Director
$0 $0 $0
RHONDA BIDGEMAN EX-OFFICIO/P 0.30
Director
$0 $0 $0
DEBORAH K STREANS EX-OFFICIO/P 0.30
Director
$0 $0 $0
JOSEPH R WITT EX-OFFICIO/P 0.30
Director
$0 $0 $0
DELCENO MILES EX-OFFICIO/P 0.30
Director
$0 $0 $0
JOSEPH M DONNELLY EX-OFFICIO/P 0.30
Director
$0 $0 $0
DORCAS T HELFANT-BROWNING EX-OFFICIO/P 0.30
Director
$0 $0 $0
MARTIN JOSEPH EX-OFFICIO/P 0.30
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 $3,177,982 $3,054,543 $5,968,064 $123,439
2022 $3,115,043 $3,044,543 $6,055,305 $70,500
2021 $2,985,987 $2,569,660 $6,296,119 $416,327
2020 $2,198,275 $2,179,361 $5,649,852 $18,914
2019 $3,176,589 $2,979,909 $3,476,141 $196,680
2018 $3,283,536 $3,211,640 $3,071,034 $71,896
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