WEST VIRGINIA CHAMBER OF COMMERCE

EIN: 550306990

CHARLESTON, WV

Total Revenue
$3,187,627
Total Expenses
$3,197,346
Total Assets
$1,315,127
Net Assets
$1,201,886
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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
1936
Legal Domicile
WV
Principal Officer
STEPHEN G ROBERTS
Phone
3043421115
Tax Period
2023-11-01 to 2024-10-31

WEST VIRGINIA CHAMBER OF COMMERCE, founded in 1936, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE WEST VIRGINIA BUSINESSES AND INDUSTRIES

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $278,868
Program Service Revenue $2,886,998
Investment Income $1,991
Other Revenue $19,770
TOTAL REVENUE $3,187,627

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,608,525
Fundraising Expenses $0
Other Expenses $1,588,821
TOTAL EXPENSES $3,197,346

Year-over-Year Comparison

2023 2022 Change
Revenue $3,187,627 $2,780,758 +0.1%
Expenses $3,197,346 $2,647,962 +0.2%
Net Income $-9,719 $132,796 -1.1%
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

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Governance

Voting Members
60
Independent Members
59
Employees
12
Volunteers
309

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
$656,002
Total Directors
59
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN CANFIELD DIRECTOR 1.00
Director
$0 $0 $0
SUSAN LAVENSKI CHAIRMAN 1.00
Officer Director
$0 $0 $0
ANNA DAILEY TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL BASILE DIRECTOR 1.00
Director
$0 $0 $0
MARSTON BECKER DIRECTOR 1.00
Director
$0 $0 $0
KATHY BECKETT DIRECTOR 1.00
Director
$0 $0 $0
BEN GERBER DIRECTOR 1.00
Director
$0 $0 $0
MATT CHURCHILL DIRECTOR 1.00
Director
$0 $0 $0
J RANDOLPH CHEETHAM DIRECTOR 1.00
Director
$0 $0 $0
KEVIN CRAIG DIRECTOR 1.00
Director
$0 $0 $0
TYLER DINSMORE DIRECTOR 1.00
Director
$0 $0 $0
JAMES DAILEY II DIRECTOR 1.00
Director
$0 $0 $0
ROBERT BURTON DIRECTOR 1.00
Director
$0 $0 $0
PATRICK FARRELL DIRECTOR 1.00
Director
$0 $0 $0
JAMES FAWCETT DIRECTOR 1.00
Director
$0 $0 $0
JEFF FRITZ DIRECTOR 1.00
Director
$0 $0 $0
JAY GOLDMAN DIRECTOR 1.00
Director
$0 $0 $0
CHARLES HAGEBOECK DIRECTOR 1.00
Director
$0 $0 $0
BENJAMIN HARDESTY DIRECTOR 1.00
Director
$0 $0 $0
STEVEN HEDRICK DIRECTOR 1.00
Director
$0 $0 $0
THOMAS HEYWOOD DIRECTOR 1.00
Director
$0 $0 $0
JEREMY HALL DIRECTOR 1.00
Director
$0 $0 $0
JAMES BEAMER DIRECTOR 1.00
Director
$0 $0 $0
RAYE KING WHITE DIRECTOR 1.00
Director
$0 $0 $0
JASON HARSHBARGER DIRECTOR 1.00
Director
$0 $0 $0
MARIBETH ANDERSON VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
ANDREW FEENEY DIRECTOR 1.00
Director
$0 $0 $0
PATRICK O'MALLEY DIRECTOR 1.00
Director
$0 $0 $0
REBECCA POLAN DIRECTOR 1.00
Director
$0 $0 $0
DAVID GOLDBERG DIRECTOR 1.00
Director
$0 $0 $0
STEVEN RUBIN DIRECTOR 1.00
Director
$0 $0 $0
BETH HAMMERS DIRECTOR 1.00
Director
$0 $0 $0
DAVID RAMSEY DIRECTOR 1.00
Director
$0 $0 $0
ROBERT SELLARDS DIRECTOR 1.00
Director
$0 $0 $0
JULIET TERRY DIRECTOR 1.00
Director
$0 $0 $0
SARAH SMITH DIRECTOR 1.00
Director
$0 $0 $0
DON RIGBY DIRECTOR 1.00
Director
$0 $0 $0
KEVIN YINGLING DIRECTOR 1.00
Director
$0 $0 $0
BENJAMIN SULLIVAN DIRECTOR 1.00
Director
$0 $0 $0
WOOD THRASHER DIRECTOR 1.00
Director
$0 $0 $0
ALBERT WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
RANDY MARCUS DIRECTOR 1.00
Director
$0 $0 $0
CHAD PRATHER DIRECTOR 1.00
Director
$0 $0 $0
BRADFORD RITCHIE DIRECTOR 1.00
Director
$0 $0 $0
JAMES MARTIN DIRECTOR 1.00
Director
$0 $0 $0
DF MOCK DIRECTOR 1.00
Director
$0 $0 $0
JAMES MYERS DIRECTOR 1.00
Director
$0 $0 $0
SUSAN WHEELER DIRECTOR 1.00
Director
$0 $0 $0
MEGHAN MOSES DIRECTOR 1.00
Director
$0 $0 $0
ROBERT TWEEL DIRECTOR 1.00
Director
$0 $0 $0
AARON WALKER DIRECTOR 1.00
Director
$0 $0 $0
JOHN HEBERT DIRECTOR 1.00
Director
$0 $0 $0
ALICIA KNAPP DIRECTOR 1.00
Director
$0 $0 $0
SPENCER MURPHY DIRECTOR 1.00
Director
$0 $0 $0
HEATHER OUIMETTE DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY PACK DIRECTOR 1.00
Director
$0 $0 $0
PHIL SHUMAN DIRECTOR 1.00
Director
$0 $0 $0
PATRICK WINKELMAN DIRECTOR 1.00
Director
$0 $0 $0
JOHN FARRIS DIRECTOR 1.00
Director
$0 $0 $0
KATHY THOMAS COO/SECRETARY 1.00
Officer
$191,277 $64,136 $255,413
STEPHEN G ROBERTS PRESIDENT-CEO 40.00
Officer
$311,727 $88,862 $400,589
PAMELA FARRIS EMPLOYEE 40.00
Highest
$127,069 $18,386 $145,455
BRIAN DAYTON EMPLOYEE 40.00
Highest
$167,367 $54,386 $221,753
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 $3,187,627 $3,197,346 $1,315,127 $-9,719
2023 $2,780,758 $2,647,962 $1,455,827 $132,796
2022 $2,916,789 $2,817,475 $1,359,529 $99,314
2021 $2,111,830 $1,923,022 $1,392,541 $188,808
2020 $1,826,324 $1,904,553 $1,019,612 $-78,229
2019 $2,372,545 $2,335,511 $1,172,790 $37,034
2018 $2,445,361 $2,165,739 $1,252,952 $279,622
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