Summersville Chamber of Commerce Inc

EIN: 550482162

Summersville, WV

Total Revenue
$117,704
Total Expenses
$104,697
Total Assets
$55,684
Net Assets
$53,169
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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
1957
Legal Domicile
WV
Tax Period
2023-11-01 to 2024-10-31

Summersville Chamber of Commerce Inc, founded in 1957, is a small nonprofit that reported $118K in total revenue in fiscal year 2023. Expenses of $105K left a modest 11% surplus.

Mission

To operate a chamber of commerce in the summersville area of WV promoting area business

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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 $22,711
Program Service Revenue $94,993
Investment Income $0
Other Revenue $0
TOTAL REVENUE $117,704

Expense Breakdown

Grants Paid $0
Salaries & Benefits $39,243
Fundraising Expenses $0
Program Expenses $104,697
Other Expenses $65,454
TOTAL EXPENSES $104,697

Year-over-Year Comparison

2023 2022 Change
Revenue $117,704 N/A N/A
Expenses $104,697 N/A N/A
Net Income $13,007 N/A N/A
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
15
Independent Members
15
Employees
2
Volunteers
14

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Emily Cartwright Secretary 2.00
Officer
$0 $0 $0
Lindsey Skidmore Executive Director 2.00
Officer
$0 $0 $0
Jason Eades President 2.00
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
2024 $117,704 $104,697 $55,684 $13,007
2023 $118,888 $86,959 $45,050 $31,929
2022 $66,106 $72,820 $37,014 $-6,714
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