HENDERSON-VANCE CHAMBER OF COMMERC… - 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

Formation Year

1938

Legal Domicile

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 REPRESENT THE INTERESTS OF THE BUSINESS COMMUNITY IN THOSE MATTERS THAT AFFECT THE ABILITY OF LOCAL BUSINESSES TO PROSPER AND GROW, AND THE ABILITY OF HENDERSON AND VANCE COUNTY TO ATTRACT NEW BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $97,805

BUSINESS MEETINGS/SEMINARS AND MARKETING EFFORTS THROUGH INTERNET AND PRINTED MARTERIALS TO PROMOTE ECONOMIC GROWTH

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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 $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

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

$58,719

Key Employees

Highest Compensated

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

HENDERSON-VANCE CHAMBER OF COMMERCE INC