BERKELEY SPRINGS-MORGAN COUNTY CHA… - Form 990 Financial Data

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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

2023

Legal Domicile

Phone

3042583738

Tax Period

2024-01-01 to 2024-12-31

BERKELEY SPRINGS-MORGAN COUNTY CHAMBER OF COMMERCE, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $208K in total revenue in fiscal year 2024. Expenses of $199K left a modest 4% surplus.

Mission

BE THE SOURCE FOR PROMOTING AND SUPPORTING A PROSPEROUS BUSINESS CLIMATE IN MORGAN COUNTY

Program Service Accomplishments

Program 1

Expenses: $93,498

THE ORGANIZATION ORGANIZED AND PUT FORTH THE LARGEST MULTI-DAY EVENT IN MORGAN COUNTY, THE APPLE BUTTER FESTIVAL. THIS EVENT DRAWS PEOPLE FROM WASHINGTON, DC AND SURROUNDING CITIES. THIS EVENT HELPS SMALL BUSINESSES IN THE COUNTY. THE ORGANIZATION ALSO HAS MULTIPLE EVENTS HIGHLIGHTS THE MEMBER BUSINESSES AND HAS ANNUAL AWARDS HONORING OUTSTANDING BUSINESS AND MEMBERS EACH YEAR.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $205,075

Program Service Revenue $0

Investment Income $2,681

Other Revenue $0

TOTAL REVENUE $207,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,661

Fundraising Expenses $100,134

Program Expenses $93,498

Other Expenses $128,198

TOTAL EXPENSES $198,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,756	N/A	N/A
Expenses	$198,859	N/A	N/A
Net Income	$8,897	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

Governance

Voting Members

Independent Members

Employees

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI BEARD	PRESIDENT	0.00	Officer Director	$0	$0	$0
JULES RONE	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
ANN HARKINS	VICE PRESIDENT	0.00	Officer	$0	$0	$0
TRACY LORD	TREASURER	0.00	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	$207,756	$198,859	$193,794	$8,897

BERKELEY SPRINGS-MORGAN COUNTY CHAMBER OF COMMERCE