Asheville Area Chamber of Commerce Inc

EIN: 560125440

Asheville, NC

Total Revenue
$4,188,885
Total Expenses
$4,260,694
Total Assets
$4,350,715
Net Assets
$3,618,858
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1909
Legal Domicile
NC
Phone
8282586119
Tax Period
2023-07-01 to 2024-06-30

Asheville Area Chamber of Commerce Inc, founded in 1909, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2023.

Mission

ADVANCE COMMERCIAL, INDUSTRIAL AND CIVIC DEVELOPMENT

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,617,274
Program Service Revenue $2,125,104
Investment Income $51,190
Other Revenue $395,317
TOTAL REVENUE $4,188,885

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,709,591
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,551,103
TOTAL EXPENSES $4,260,694

Year-over-Year Comparison

2023 2022 Change
Revenue $4,188,885 $3,982,111 +0.1%
Expenses $4,260,694 $3,963,811 +0.1%
Net Income $-71,809 $18,300 -4.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
30
Independent Members
29
Employees
39
Volunteers
200

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
7
$362,573
Total Directors
30
$362,573
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Austin Walker Immediate Past Chair 2.0
Officer Director
$0 $0 $0
Jared Kay Secretary 2.0
Officer Director
$0 $0 $0
Jennifer Robinson Treasurer 2.0
Officer Director
$0 $0 $0
Kathryn Cramer President 40.0
Officer Director
$335,570 $27,003 $362,573
Kevin Hefner 1st Vice Chair 2.0
Officer Director
$0 $0 $0
Sabrina Rockoff 2nd Vice Chair 2.0
Officer Director
$0 $0 $0
Terri King Chair 2.0
Officer Director
$0 $0 $0
Ann Patton Hornthal Board Member 2.0
Director
$0 $0 $0
Ben Teague Board Member 2.0
Director
$0 $0 $0
Brandon Bryant Board Member 2.0
Director
$0 $0 $0
Brandy Mills Board Member 2.0
Director
$0 $0 $0
Chad Patrick Board Member 2.0
Director
$0 $0 $0
Dan Field Board Member 2.0
Director
$0 $0 $0
Graham Fields Board Member 2.0
Director
$0 $0 $0
Greg Burnette Board Member 2.0
Director
$0 $0 $0
Heather Johnson Board Member 2.0
Director
$0 $0 $0
J Hackett Board Member 2.0
Director
$0 $0 $0
Kathy Hensley Board Member 2.0
Director
$0 $0 $0
Lauren Rash Board Member 2.0
Director
$0 $0 $0
Loren Finnerty Board Member 2.0
Director
$0 $0 $0
Lucious Wilson Board Member 2.0
Director
$0 $0 $0
Meghan Noel Board Member 2.0
Director
$0 $0 $0
Noel Swartz Board Member 2.0
Director
$0 $0 $0
Rachel Sossoman Board Member 2.0
Director
$0 $0 $0
Russ Towers Board Member 2.0
Director
$0 $0 $0
Rusty Edwards Board Member 2.0
Director
$0 $0 $0
Ryan Coffield Board Member 2.0
Director
$0 $0 $0
Tim Bugg Board Member 2.0
Director
$0 $0 $0
Vanessa Salomo Board Member 2.0
Director
$0 $0 $0
William Hathaway Board Member 2.0
Director
$0 $0 $0
Adam Hower VP of Finance and Operations 40.0
Highest
$102,878 $17,229 $120,107
Clark Duncan Sr VP of Economic Development 40.0
Highest
$169,364 $17,935 $187,299
Leeanne Briggs VP of Member Services 40.0
Highest
$135,361 $9,568 $144,929
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 No data No data No data No data
2024 $4,188,885 $4,260,694 $4,350,715 $-71,809
2023 $3,982,111 $3,963,811 $4,608,274 $18,300
2022 $4,133,970 $3,911,054 $4,776,822 $222,916
2021 $3,576,492 $3,508,790 $4,976,138 $67,702
2020 $3,332,475 $3,431,254 $4,627,363 $-98,779
2019 $3,478,225 $3,412,371 $4,525,870 $65,854
2018 $3,048,199 $3,036,912 $4,612,300 $11,287
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Asheville Area Chamber of Commerce Inc with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.