LANCASTER COUNTY CHAMBER OF COMMERCE INC

EIN: 541791206 Community Improvement

KILMARNOCK, VA

Total Revenue
$139,615
Total Expenses
$116,166
Total Assets
$100,983
Net Assets
$100,261
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
VA
Principal Officer
JACLYN AMMONS
Phone
8044356092
Tax Period
2023-01-01 to 2023-12-31

LANCASTER COUNTY CHAMBER OF COMMERCE INC, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $140K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23K, a strong 17% operating margin.

Mission

SUPPORT MEMBER BUSINESSES THROUGH EDUCATION AND PROMOTION, AND SUPPORT THE QUALITY OF LIFE IN LANCASTER COUNTY THROUGH PROMOTING COMPATIBLE ECONOMIC DEVELOPMENT.

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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 $0
Program Service Revenue $49,575
Investment Income $657
Other Revenue $89,383
TOTAL REVENUE $139,615

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $69,040
Fundraising Expenses $0
Other Expenses $46,126
TOTAL EXPENSES $116,166

Year-over-Year Comparison

2023 2022 Change
Revenue $139,615 $114,005 +0.2%
Expenses $116,166 $118,380 0.0%
Net Income $23,449 $-4,375 -6.4%
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

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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
17
Independent Members
17
Employees
2
Volunteers
25

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
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STACEY AKERS SECRETARY 2.00
Officer Director
$0 $0 $0
JACLYN AMMONS PRESIDENT 2.00
Officer Director
$0 $0 $0
LINCOLN BOYKIN DIRECTOR 1.00
Director
$0 $0 $0
SHEILA BROWN DIRECTOR 4.00
Director
$0 $0 $0
RICH FERRARO DIRECTOR 1.00
Director
$0 $0 $0
BRANDON FRAZIER VICE PRESIDE 2.00
Officer Director
$0 $0 $0
WAYNE GALLEHER DIRECTOR 1.00
Director
$0 $0 $0
JOANNA MARCHETTI DIRECTOR 1.00
Director
$0 $0 $0
SHARON PHILLIPS DIRECTOR 1.00
Director
$0 $0 $0
JILL SEARS DIRECTOR 1.00
Director
$0 $0 $0
LISA SHIVERS DIRECTOR 1.00
Director
$0 $0 $0
BRAD SMITH DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM SMITH DIRECTOR 1.00
Director
$0 $0 $0
RUSTY SPEARS TREASURER 2.00
Officer Director
$0 $0 $0
PAULA STALLARD DIRECTOR 1.00
Director
$0 $0 $0
LAUREN WHITE DIRECTOR 1.00
Director
$0 $0 $0
DIANA WOLFSON DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $139,615 $116,166 $100,983 $23,449
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