NORTH CAROLINA CHAMBER (EIN 560340499) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1942

Legal Domicile

Principal Officer

GARY SALAMIDO

Phone

9198361400

Tax Period

2023-01-01 to 2023-12-31

NORTH CAROLINA CHAMBER, founded in 1942, is a community nonprofit that reported $6.4M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $5.8M left a modest 8% surplus.

Mission

TO PROMOTE BUSINESS INTERESTS IN NORTH CAROLINA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $900,846

Program Service Revenue $5,401,069

Investment Income $34,039

Other Revenue $20,147

TOTAL REVENUE $6,356,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,189,686

Fundraising Expenses $0

Program Expenses $4,277,554

Other Expenses $2,658,987

TOTAL EXPENSES $5,848,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,356,101	$7,442,625	-0.1%
Expenses	$5,848,673	$7,742,130	-0.2%
Net Income	$507,428	$-299,505	-2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$711,118

Total Directors

$711,118

Key Employees

$959,348

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY SALAMIDO	PRESIDENT/CE	34.50	Officer Director	$688,383	$22,735	$711,118
RAYMOND STARLING	GENERAL COUN	30.00	Key Emp	$319,328	$21,906	$341,234
BETH SHORE	VP OF BUSINE	37.50	Key Emp	$201,430	$17,607	$219,037
KATE PAYNE	VP OF COMMUN	36.50	Key Emp	$182,598	$16,975	$199,573
MEREDITH ARCHIE	FOUNDATION P	1.00	Key Emp	$182,725	$16,779	$199,504
JAKE SIPE	SENIOR RELAT	37.50	Highest	$134,177	$14,542	$148,719
DEBRA DERR	DIRECTOR GOV	37.50	Highest	$126,213	$14,399	$140,612
MICHELA RAMOS	MEMBER RELAT	37.50	Highest	$119,253	$13,483	$132,736
VINCENT GINSKI	WORKFORCE DI	37.50	Highest	$115,442	$12,949	$128,391
AMY FOWLER	VP OF FINANC	30.00	Highest	$118,136	$10,019	$128,155
JENNIFER ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BANNER	DIRECTOR	1.00	Director	$0	$0	$0
LYNN BAXTER	DIRECTOR	1.00	Director	$0	$0	$0
KENDAL BOWMAN	EXECUTIVE CO	1.00	Director	$0	$0	$0
JANEL BOYD	SECRETARY	1.00	Director	$0	$0	$0
JOE BRANNAN	EXECUTIVE CO	1.00	Director	$0	$0	$0
LAURA BUNN	TREASURER	1.00	Director	$0	$0	$0
TYLER BURR	DIRECTOR	1.00	Director	$0	$0	$0
KRIS CARROLL	EXECUTIVE CO	1.00	Director	$0	$0	$0
BRENT CHRISTENSEN	DIRECTOR	1.00	Director	$0	$0	$0
LEE FITE	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD J FRITSCH	DIRECTOR	1.00	Director	$0	$0	$0
REAR ADMIRAL DONALD GINTZIG	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GREGORY	DIRECTOR	1.00	Director	$0	$0	$0
TODD HALL	DIRECTOR	1.00	Director	$0	$0	$0
JIM HANSEN	EXECUTIVE CO	1.00	Director	$0	$0	$0
SHAWN HARDING	DIRECTOR	1.00	Director	$0	$0	$0
D RUSSELL HARRIS	EXECUTIVE CO	1.00	Director	$0	$0	$0
BRIAN HEALY	DIRECTOR	1.00	Director	$0	$0	$0
PAULA HENDERSON	EXECUTIVE CO	1.00	Director	$0	$0	$0
REGINALD B HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
LILYN HESTER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES C WHITEHURST III	DIRECTOR	1.00	Director	$0	$0	$0
JAMES H SILLS III	EXECUTIVE CO	1.00	Director	$0	$0	$0
JAY JANDRAIN	DIRECTOR	1.00	Director	$0	$0	$0
BRAD JONES	DIRECTOR	1.00	Director	$0	$0	$0
COLLIS JONES	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM A CECIL JR	DIRECTOR	1.00	Director	$0	$0	$0
CURT R LADIG	DIRECTOR	1.00	Director	$0	$0	$0
STEWART T LEETH	DIRECTOR	1.00	Director	$0	$0	$0
TREY RABON	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER RICHMOND	DIRECTOR	1.00	Director	$0	$0	$0
CHARMAINE RIGGINS	EXECUTIVE CO	1.00	Director	$0	$0	$0
SEPIDEH SAIDI	CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER G SMITH	EXECUTIVE CO	1.00	Director	$0	$0	$0
JULE SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
DR TUNDE SOTUNDE	EXECUTIVE CO	1.00	Director	$0	$0	$0
DEREK B STEED	CHAIR	1.00	Officer Director	$0	$0	$0
DR MICHAEL WALDRUM	DIRECTOR	1.00	Director	$0	$0	$0
JOHN W WARD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID H WEAVER	EXECUTIVE CO	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	No data	No data	No data	No data
2023	$6,356,101	$5,848,673	$7,773,511	$507,428
2022	$7,442,625	$7,742,130	$7,475,778	$-299,505
2021	$5,813,998	$5,447,016	$5,379,705	$366,982
2020	$5,765,053	$7,170,681	$5,200,910	$-1,405,628
2019	$7,477,894	$5,240,764	$6,458,098	$2,237,130
2018	$5,685,405	$5,987,302	$4,452,887	$-301,897

NORTH CAROLINA CHAMBER