HENDERSON-VANCE CHAMBER OF COMMERCE INC

EIN: 560258441

HENDERSON, NC

Total Revenue
$190,626
Total Expenses
$195,503
Total Assets
$309,474
Net Assets
$297,969
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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
1938
Legal Domicile
NC
Principal Officer
SANDRA WILKERSON
Phone
2524388414
Tax Period
2024-01-01 to 2024-12-31

HENDERSON-VANCE CHAMBER OF COMMERCE INC, founded in 1938, is a small nonprofit that reported $191K in total revenue in fiscal year 2024.

Mission

TO PROMOTE ECONOMIC GROWTH AND DEVELOPMENT IN HENDERSON AND VANCE COUNTY, NC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,062
Program Service Revenue $13,495
Investment Income $1,965
Other Revenue $173,104
TOTAL REVENUE $190,626

Expense Breakdown

Grants Paid $0
Salaries & Benefits $145,555
Fundraising Expenses $0
Program Expenses $97,805
Other Expenses $49,948
TOTAL EXPENSES $195,503

Year-over-Year Comparison

2024 2023 Change
Revenue $190,626 $187,373 +0.0%
Expenses $195,503 $180,289 +0.1%
Net Income $-4,877 $7,084 -1.7%
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

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Governance

Voting Members
18
Independent Members
18
Employees
3
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
6
$0
Total Directors
19
$58,719
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT BURWELL BOARD OF DIRECTOR 3.00
Officer Director
$0 $0 $0
ABIDAN SHAH BOARD OF DIRECTOR 3.00
Officer Director
$0 $0 $0
DESIREE BROOKS BOARD OF DIRECTOR 3.00
Officer Director
$0 $0 $0
TESA ALEXANDER BOARD OF DIRECTOR 3.00
Officer Director
$0 $0 $0
ELIZABETH TOWNSEND BOARD OF DIRECTOR 3.00
Officer Director
$0 $0 $0
MARGIER WHITE BOARD OF DIRECTOR 3.00
Officer Director
$0 $0 $0
SANDRA WILKERSON PRESIDENT 60.00
Director
$58,719 $0 $58,719
KAREN JONES BOARD OF DIRECTOR 3.00
Director
$0 $0 $0
DR WYKIA MACON BOARD OF DIRECTOR 3.00
Director
$0 $0 $0
STEPHANIE HOYLE BOARD OF DIRECTOR 3.00
Director
$0 $0 $0
SAM SEIFERT BOARD OF DIRECTOR 3.00
Director
$0 $0 $0
ANA VAUGHAN BOARD OF DIRECTOR 3.00
Director
$0 $0 $0
CARA GILL BOARD OF DIRECTOR 3.00
Director
$0 $0 $0
NICHOLE TURNER BOARD OF DIRECTOR 3.00
Director
$0 $0 $0
KEVIN WADE BOARD OF DIRECTOR 3.00
Director
$0 $0 $0
DANA GREENWAY BOARD OF DIRECTOR 3.00
Director
$0 $0 $0
GREG JOHNSON BOARD OF DIRECTOR 3.00
Director
$0 $0 $0
MARK PAGET BOARD OF DIRECTOR 3.00
Director
$0 $0 $0
RICHARD DAVIS BOARD OF DIRECTOR 3.00
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 $190,626 $195,503 $309,474 $-4,877
2023 $187,373 $180,289 $305,925 $7,084
2022 $220,602 $168,266 $302,815 $52,336
2021 $189,995 $137,937 $245,960 $52,058
2020 $201,430 $141,624 $194,187 $59,806
2019 $181,041 $154,720 $134,271 $26,321
2018 $192,829 $213,658 $128,653 $-20,829
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