CHAMBER OF COMMERCE OF WAYNE COUNT… - 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

Legal Domicile

Principal Officer

TODD WALKER

Phone

9197342241

Tax Period

2024-01-01 to 2024-12-31

CHAMBER OF COMMERCE OF WAYNE COUNTY INCORPORATED is a small nonprofit that reported $699K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE WAYNE COUNTY, NORTH CAROLINA.

Program Service Accomplishments

Program 1

THE CHAMBER PROMOTES THE GENERAL WELFARE AND PROSPERITY OF WAYNE COUNTY THROUGH IT'S PUBLICATIONS AND PROGRAMS.

Program 2

THE CHAMBER PROMOTES THE GENERAL WELFARE AND PROSPERITY OF WAYNE COUNTY THROUGH IT'S PUBLICATIONS AND PROGRAMS.

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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 $0

Program Service Revenue $632,184

Investment Income $0

Other Revenue $66,578

TOTAL REVENUE $698,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $365,701

Fundraising Expenses $0

Other Expenses $379,655

TOTAL EXPENSES $745,356

Year-over-Year Comparison

	2024	2023	Change
Revenue	$698,762	$640,786	+0.1%
Expenses	$745,356	$680,972	+0.1%
Net Income	$-46,594	$-40,186	+0.2%

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
BARBARA AYCOCK	DIRECTOR	N/A	Director	$0	$0	$0
PATRICIA BEIER	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN BEST	DIRECTOR	N/A	Director	$0	$0	$0
MARTHA BRYAN	PAST CHAIR	N/A	Officer Director	$0	$0	$0
JENNIFER CUNNINGHAM	DIRECTOR	N/A	Director	$0	$0	$0
RENITA DAWSON	DIRECTOR	N/A	Director	$0	$0	$0
CHRETIEN DUMOND	DIRECTOR	N/A	Director	$0	$0	$0
ERIN FONSECA	DIRECTOR	N/A	Director	$0	$0	$0
CRAIG FOUCHT	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES GAYLOR	DIRECTOR	N/A	Director	$0	$0	$0
JULIE GRAHAM	DIRECTOR	N/A	Director	$0	$0	$0
DR JESSIE TUCKER III	DIRECTOR	N/A	Director	$0	$0	$0
MITCH IVEY	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN JOHNSON	TREASURER	N/A	Officer Director	$0	$0	$0
JACQUELINE KANNAN	CHAIR	N/A	Officer Director	$0	$0	$0
DR KEN KEESEE	DIRECTOR	N/A	Director	$0	$0	$0
RALPH LEGRAND	DIRECTOR	N/A	Director	$0	$0	$0
GLENA LEWIS	DIRECTOR	N/A	Director	$0	$0	$0
JAMIE LIVENGOOD	DIRECTOR	N/A	Director	$0	$0	$0
DOUG MCGRATH	DIRECTOR	N/A	Director	$0	$0	$0
PHILLIP MOYE	DIRECTOR	N/A	Director	$0	$0	$0
HARLON NEAL	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT NEWTON	DIRECTOR	N/A	Director	$0	$0	$0
DR PATRICIA PFEIFFER	DIRECTOR	N/A	Director	$0	$0	$0
DUSTIN PIKE	DIRECTOR	N/A	Director	$0	$0	$0
REDING PITTMAN	DIRECTOR	N/A	Director	$0	$0	$0
LYMAN SMITH	DIRECTOR	N/A	Director	$0	$0	$0
MARC WHICHARD	DIRECTOR	N/A	Director	$0	$0	$0
SELENA WORRELL	DIRECTOR	N/A	Director	$0	$0	$0
JANET BROCK	CEO	30.00	Officer	$0	$0	$0
EDWARD CROOM	DIRECTOR	N/A	Officer	$0	$0	$0
TODD WALKER	PRESIDENT	40.00	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	$698,762	$745,356	$384,303	$-46,594
2023	$640,786	$680,972	$359,742	$-40,186
2022	$586,813	$601,859	$406,837	$-15,046
2021	$640,502	$598,830	$353,750	$41,672
2020	$558,224	$533,202	$257,100	$25,022
2019	$654,538	$629,951	$227,205	$24,587
2018	$616,973	$597,685	$219,546	$19,288

CHAMBER OF COMMERCE OF WAYNE COUNTY INCORPORATED