BREVARDTRANSYLVANIA CHAMBER OF COMMERCE INC

EIN: 560149914 Community Improvement

BREVARD, NC

Total Revenue
$295,620
Total Expenses
$353,716
Total Assets
$864,700
Net Assets
$704,766
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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
1923
Legal Domicile
NC
Principal Officer
BRITTANY MARCUM COHN
Phone
8288833700
Tax Period
2022-01-01 to 2022-12-31

BREVARDTRANSYLVANIA CHAMBER OF COMMERCE INC, founded in 1923, is a small nonprofit in the Community Improvement sector that reported $296K in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $354K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROMOTE THE ECONOMIC WELL-BEING OF THE LOCAL BUSINESS COMMUNITY COMMUNITY AND BE A CATALYST FOR THE COOPERATION OF BUSINESSES, LOCAL GOVERNMENT, AND CIVIC AND COMMUNITY ORGANIZATIONS IN ORDER TO ENHANCE THE QUALITY OF LIFE FOR THE RESIDENTS OF THE CITY OF BREVARD AND TRANSYLVANIA COUNTY, NORTH CAROLINA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $125,013
Program Service Revenue $118,557
Investment Income $167
Other Revenue $51,883
TOTAL REVENUE $295,620

Expense Breakdown

Grants Paid $0
Salaries & Benefits $232,322
Fundraising Expenses $9,245
Program Expenses $240,569
Other Expenses $121,394
TOTAL EXPENSES $353,716

Year-over-Year Comparison

2022 2021 Change
Revenue $295,620 $409,901 -0.3%
Expenses $353,716 $342,315 +0.0%
Net Income $-58,096 $67,586 -1.9%
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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Governance

Voting Members
19
Independent Members
19
Employees
10
Volunteers
20

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
6
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA OWEN PRESIDENT 2.00
Officer Director
$0 $0 $0
NORY LEBRUN CO-VICE PRES 2.00
Officer Director
$0 $0 $0
GLENDA MCCARSON CO-VICE PRES 2.00
Officer Director
$0 $0 $0
HUNTER TROMBETTA SECRETARY 1.00
Officer Director
$0 $0 $0
BRITTANY MARCUM COHN TREASURER 2.00
Officer Director
$0 $0 $0
JEFF JOYCE PAST PRESIDE 2.00
Officer Director
$0 $0 $0
NICOLE BENTLEY BOARD MEMBER 1.00
Director
$0 $0 $0
NATALIE BRITT BOARD MEMBER 1.00
Director
$0 $0 $0
SHELIA CARLAND BOARD MEMBER 1.00
Director
$0 $0 $0
ALLIE CARRINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
MAUREEN COPELOF BOARD MEMBER 1.00
Director
$0 $0 $0
MAL CRITE BOARD MEMBER 1.00
Director
$0 $0 $0
LEX GREEN BOARD MEMBER 1.00
Director
$0 $0 $0
BURTON HODGES BOARD MEMBER 1.00
Director
$0 $0 $0
JAIME LAUGHTER BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF MCDARIS BOARD MEMBER 1.00
Director
$0 $0 $0
KATHY MLAY BOARD MEMBER 1.00
Director
$0 $0 $0
BRENDA VALENTI BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD ZOLLINGER BOARD MEMBER 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
2022 $295,620 $353,716 $864,700 $-58,096
2021 $409,901 $342,315 $933,878 $67,586
2020 $361,656 $344,521 $917,739 $17,135
2019 $326,103 $313,357 $920,515 $12,746
2018 $309,722 $295,526 $901,835 $14,196
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