GREATER DURHAM CHAMBER OF COMMERCE

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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

1906

Legal Domicile

Principal Officer

GEOFF DURHAM

Phone

9193288700

Tax Period

2023-01-01 to 2023-12-31

GREATER DURHAM CHAMBER OF COMMERCE, founded in 1906, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

THE DURHAM CHAMBER IS A MEMBER-DRIVEN ORGANIZATION THAT SERVES ITS MEMBERS BY HELPING TO CREATE AND SUSTAIN A HEALTHY ECONOMIC CLIMATE FOR THE DURHAM COMMUNITY.

Program Service Accomplishments

Program 1

COMMUNITY DIVISION - FOSTER AN ENVIRONMENT WHICH ENHANCES THE QUALITY OF LIFE THROUGHOUT THE DURHAM COMMUNITY.

Program 2

ECONOMIC DEVELOPMENT - CREATE AND SUSTAIN A HEALTHY ECONOMIC CLIMATE FOR THE DURHAM COMMUNITY BY COORDINATING ECONOMIC DEVELOPMENT EFFORTS AND ACTIVITIES BETWEEN BUSINESSES AND STATE, COUNTY, CITY...

ECONOMIC DEVELOPMENT - CREATE AND SUSTAIN A HEALTHY ECONOMIC CLIMATE FOR THE DURHAM COMMUNITY BY COORDINATING ECONOMIC DEVELOPMENT EFFORTS AND ACTIVITIES BETWEEN BUSINESSES AND STATE, COUNTY, CITY, AND OTHER LOCAL OFFICIALS AND ENTITIES. THE CHAMBER IS THE PREMIER CONDUIT FOR BUINESS CONNECTIONS AND ECONOMIC GROWTH IN DURHAM COUNTY. WITH A ROBUST TALENT PIPELINE, A THRIVING ECOSYSTEM OF TECHNOLOGY, LIFE SCIENCES, MANUFACTURING, AND OTHER INDUSTRIES, SPANNING RESEARCH TRIANGLE PARK, DURHAM IS THE IDEAL PLACE TO GROW YOUR BUSINESS.

Program 3

GOVERNMENTAL DIVISION - ON BEHALF OF ITS MEMBER, THE CHAMBER MAINTAINS CONSTANT COMMUNICATION AND OPPORTUNITIES TO ENGAGE WITH OUR PARTNERS AT THE LOCAL, REGIONAL, STATE, AND FEDERAL LEVELS TO...

GOVERNMENTAL DIVISION - ON BEHALF OF ITS MEMBER, THE CHAMBER MAINTAINS CONSTANT COMMUNICATION AND OPPORTUNITIES TO ENGAGE WITH OUR PARTNERS AT THE LOCAL, REGIONAL, STATE, AND FEDERAL LEVELS TO INFLUENCE DIRECT AND INDIRECT BUSINESS ISSUES LIKE ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, EDUCIATION, HEALTH, TRANSPORTATION, HOUSING, PLANNING, COMMUNITY SAFETY, AND SUSTAINABILITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,406,191

Investment Income $3,336

Other Revenue $8,572

TOTAL REVENUE $1,418,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $662,709

Fundraising Expenses $0

Other Expenses $822,436

TOTAL EXPENSES $1,485,145

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,418,099	$1,062,935	+0.3%
Expenses	$1,485,145	$1,234,605	+0.2%
Net Income	$-67,046	$-171,670	-0.6%

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

$160,728

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STELFANIE WILLIAMS	CHAIR	1.00	Officer Director	$0	$0	$0
TOBIAS ROSE	VICE CHAIR/CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
DOMINIQUE COLE JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
JB BUXTON	DIRECTOR	0.50	Director	$0	$0	$0
LILYN HESTER	DIRECTOR	0.50	Director	$0	$0	$0
MIKE LANDGUTH	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE HINING	DIRECTOR	0.50	Director	$0	$0	$0
JORDAN CLARK	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL PAGE	DIRECTOR	0.50	Director	$0	$0	$0
JOHN CROSS	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT LEVITAN	DIRECTOR	0.50	Director	$0	$0	$0
BART OLDS	DIRECTOR	0.50	Director	$0	$0	$0
RORY GILLIS	DIRECTOR	0.50	Director	$0	$0	$0
MARLENE SPRITZER	DIRECTOR	0.50	Director	$0	$0	$0
MARCUS ACHENSON	DIRECTOR	0.50	Director	$0	$0	$0
SHAYLAH NUNN-JONES	DIRECTOR	0.50	Director	$0	$0	$0
JEFF TERRELL	DIRECTOR	0.50	Director	$0	$0	$0
TRAVIS ROUSE	DIRECTOR	0.50	Director	$0	$0	$0
DORIAN BOLDEN	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT NELSON	DIRECTOR	0.50	Director	$0	$0	$0
JANE BRASIER	DIRECTOR	0.50	Director	$0	$0	$0
DOUG HERON	DIRECTOR	0.50	Director	$0	$0	$0
MIKE KRISTON	DIRECTOR	0.50	Director	$0	$0	$0
ASHLEE SMART	DIRECTOR	0.50	Director	$0	$0	$0
ADAM KLEIN	IMMEDIATE PAST CHAIR	0.50	Director	$0	$0	$0
GEOFF DURHAM	SECRETARY & CEO	37.00	Officer	$142,964	$17,764	$160,728

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	No data	No data	No data	No data
2023	$1,418,099	$1,485,145	$995,340	$-67,046
2022	$1,062,935	$1,234,605	$1,044,368	$-171,670
2021	$1,151,086	$1,119,470	$1,384,459	$31,616
2020	$1,265,437	$1,201,051	$1,363,481	$64,386
2019	$1,331,598	$1,313,704	$1,414,018	$17,894
2018	$1,249,002	$1,419,730	$1,061,169	$-170,728