ISLE OF WIGHTSMITHFIELD CHAMBER OF COMMERCE (EIN 541277308) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

CATARINA JOHNSON

Phone

7573573502

Tax Period

2024-07-01 to 2025-06-30

ISLE OF WIGHTSMITHFIELD CHAMBER OF COMMERCE, founded in 1986, is a small nonprofit that reported $901K in total revenue in fiscal year 2020. Revenue surged 736% from the prior year, signaling strong growth momentum. Expenses of $995K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE CHAMBER OF COMMERCE WAS FOUNDED TO PROMOTE A POSITIVE BUSINESS ENVIRONMENT INGREATER ISLE OF WIGHT COUNTY, VIRGINIA FOR THE PURPOSE OF ECONOMIC DEVELOPMENT ANDSUPPORT TO THE GENERAL BUSINESS COMMUNITY. ITS MISSION INCLUDES EDUCATION,SUPPORT AND DEVELOPMENT AND IT ACCOMPLISHES THESE THROUGH ITS PROGRAMS ANDPUBLICATIONS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $46,943

Program Service Revenue $430

Investment Income $14

Other Revenue $16,020

TOTAL REVENUE $63,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,689

Fundraising Expenses $0

Program Expenses $113,471

Other Expenses $35,782

TOTAL EXPENSES $113,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,407	$305,436	-0.8%
Expenses	$113,471	$158,392	-0.3%
Net Income	$-50,064	$147,044	-1.3%

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

N/A

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

Total Directors

$13,955

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
ANTOINETTE JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
CATARINA JOHNSON	PRESIDENT/ CEO	40.00	Director	$0	$0	$13,955
DAVID GOODMAN	DIRECTOR	2.00	Director	$0	$0	$0
DONALD ROBERTSON	DIRECTOR	2.00	Director	$0	$0	$0
IAN BRIM	TREASURER	2.00	Officer Director	$0	$0	$0
JAY WALLS	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA JONES-HEALEY	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
JESSICA MACALINO	CHAIRWOMAN	2.00	Director	$0	$0	$0
JOHANNA WIGGINS	VICE CHAIR	2.00	Director	$0	$0	$0
JONATHAN TOMS	SECRETARY	2.00	Director	$0	$0	$0
KIMBERLY CARR	DIRECTOR	2.00	Director	$0	$0	$0
MEAGAN PUGH	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL STALLINGS	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE BILLUPS	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM SAUNDERS	DIRECTOR	2.00	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
2025	$63,407	$113,471	$116,659	$-50,064
2024	$305,436	$158,392	$165,916	$147,044
2023	$121,015	$115,355	$110,709	$5,660
2022	$102,875	$111,967	$127,321	$-9,092
2021	$901,448	$995,265	$154,423	$-93,817

ISLE OF WIGHTSMITHFIELD CHAMBER OF COMMERCE