ALAMANCE COUNTY AREA CHAMBER OF COMMERCE INC (EIN 560156970) - Form 990 Financial Analysis & Trantor Score

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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

1914

Legal Domicile

Principal Officer

REAGAN C GURAL

Phone

3362281338

Tax Period

2024-01-01 to 2024-12-31

ALAMANCE COUNTY AREA CHAMBER OF COMMERCE INC, founded in 1914, is a small nonprofit that reported $849K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 53% operating deficit.

Mission

THE MISSION OF THE ALAMANCE COUNTY AREA CHAMBER OF COMMERCE IS TO ENHANCE THE WELFARE OF BUSINESS AND TO PROMOTE AND STIMULATE ECONOMIC VITALITY IN THE ALAMANCE COUNTY AREA FOR THE BENEFIT OF ITS MEMBERS AND THE COMMUNITY.

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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 $5,000

Program Service Revenue $802,671

Investment Income $10,588

Other Revenue $30,943

TOTAL REVENUE $849,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $447,966

Fundraising Expenses $0

Other Expenses $854,041

TOTAL EXPENSES $1,302,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$849,202	$954,720	-0.1%
Expenses	$1,302,007	$1,225,897	+0.1%
Net Income	$-452,805	$-271,177	+0.7%

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

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

$132,318

Total Directors

$132,318

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REED LAPLANTE	DIRECTOR	2.00	Director	$0	$0	$0
GRIFFIN MCCLURE	CHAIR	2.00	Officer Director	$0	$0	$0
DOUG HYMAN	PAST CHAIR	2.00	Officer Director	$0	$0	$0
PATRICIA RHODES	TREASURER	2.00	Officer Director	$0	$0	$0
RACHEL BALDWIN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TJ BOWIE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MARTA MOOS RESIGNED MID-YEAR	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TAMMY MYRICK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KELLY G MAY	DIRECTOR	1.00	Director	$0	$0	$0
NIKKI RATLIFF	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MOFFIT	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
VIVIAN LANGLEY	DIRECTOR	1.00	Director	$0	$0	$0
WADE BOETLER	DIRECTOR	1.00	Director	$0	$0	$0
MARK EPPERSON	DIRECTOR	1.00	Director	$0	$0	$0
TRACY SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY COBB	DIRECTOR	1.00	Director	$0	$0	$0
SAM TURNER	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON GANT	DIRECTOR	1.00	Director	$0	$0	$0
VYKRAM VIJAYASEKARAN	DIRECTOR	1.00	Director	$0	$0	$0
JACK WOOTEN	DIRECTOR	1.00	Director	$0	$0	$0
REAGAN GURAL	PRESIDENT	40.00	Officer Director	$117,500	$14,818	$132,318
NIKKI RATLIFF	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY GRAYZER	DIRECTOR	1.00	Director	$0	$0	$0
CYRIL NESMITH	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE NOLLETTE	DIRECTOR	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
2024	$849,202	$1,302,007	$674,041	$-452,805
2023	$954,720	$1,225,897	$1,106,663	$-271,177
2022	$1,614,925	$639,326	$1,383,160	$975,599
2021	$668,062	$676,619	$438,441	$-8,557
2020	$861,822	$758,708	$435,450	$103,114
2019	$889,658	$916,930	$312,042	$-27,272
2018	$868,211	$924,306	$347,889	$-56,095

ALAMANCE COUNTY AREA CHAMBER OF COMMERCE INC