RICHMOND COUNTY CHAMBER OF COMMERCE

EIN: 560380480

Rockingham, NC

Total Revenue
$299,897
Total Expenses
$218,537
Total Assets
$264,247
Net Assets
$257,997
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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
1945
Legal Domicile
NC
Principal Officer
KRISTI R KING
Phone
9108959058
Tax Period
2023-01-01 to 2023-12-31

RICHMOND COUNTY CHAMBER OF COMMERCE, founded in 1945, is a small nonprofit that reported $300K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $81K, a strong 27% operating margin.

Mission

TO PROVIDE A FORUM TO SHOWCASE COMMUNITYS BUSINESSES, LOCAL EVENTS AND SERVICES TO PUBLIC FOR THE IMPROVEMENT OF THE QUALITY OF LIFE IN RICHMOND COUNTY

Program Service Accomplishments

Program 1
Expenses: $78,682 Revenue: $212,352

NEWSLETTERS, RIBBON CUTTINGS, ANNUAL DINNERS, PLANNING AND EDUCATIONAL CONFERENCES, INDUSTRIAL APPRECIATION CELEBRATIONS, LEADERSHIP RICHMOND, WOMENS CONFERENCE, TEACHER MIXER, KEEP RICHMOND COUNTY...

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NEWSLETTERS, RIBBON CUTTINGS, ANNUAL DINNERS, PLANNING AND EDUCATIONAL CONFERENCES, INDUSTRIAL APPRECIATION CELEBRATIONS, LEADERSHIP RICHMOND, WOMENS CONFERENCE, TEACHER MIXER, KEEP RICHMOND COUNTY BEAUTIFUL, HUMAN RESOURCES INITIATIVES, ECONOMIC DEVELOPMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $66,450
Program Service Revenue $212,352
Investment Income $913
Other Revenue $20,182
TOTAL REVENUE $299,897

Expense Breakdown

Grants Paid $0
Salaries & Benefits $147,925
Fundraising Expenses $0
Program Expenses $78,682
Other Expenses $70,612
TOTAL EXPENSES $218,537

Year-over-Year Comparison

2023 2022 Change
Revenue $299,897 $208,665 +0.4%
Expenses $218,537 $221,551 0.0%
Net Income $81,360 $-12,886 -7.3%
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
3
$0
Total Directors
4
$76,161
Key Employees
1
$76,161
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTI KING PRESIDENT 040.00
Director Key Emp Highest
$76,161 $0 $76,161
KATRINA CHANCE CHAIR 005.00
Officer Director
$0 $0 $0
KRISTINA LEYDEN VICE CHAIR 005.00
Officer Director
$0 $0 $0
PATRICK CHAPPELL TREASURER 005.00
Officer 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 $299,897 $218,537 $264,247 $81,360
2022 $208,665 $221,551 $326,394 $-12,886
2021 $226,917 $184,217 $262,930 $42,700
2020 $191,401 $178,971 $227,741 $12,430
2019 $215,880 $212,982 $218,712 $2,898
2018 $237,780 $214,511 $219,219 $23,269
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