ROCKY MOUNT AREA CHAMBER OF COMMERCE INC

EIN: 560380635

ROCKY MOUNT, NC

Total Revenue
$817,159
Total Expenses
$840,158
Total Assets
$518,758
Net Assets
$241,716
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
NC
Principal Officer
DAVID FARRIS
Phone
2529731200
Tax Period
2024-01-01 to 2024-12-31

ROCKY MOUNT AREA CHAMBER OF COMMERCE INC, founded in 1904, is a small nonprofit that reported $817K in total revenue in fiscal year 2024.

Mission

PROMOTE ECONOMIC DEVELOPMENT AND RECRUITMENT IN THE SURROUNDING COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $672,173 Revenue: $817,159

TO PROMOTE ECONOMIC DEVELOPMENT AND RECRUITMENT IN THE SURROUNDING COMMUNITY. TO PROVIDE AN ENVIRONMENT FOR ECONOMIC STIMULATION FOR MEMBER ORGANIZATIONS. TO PROMOTE TOURISM IN THE LOCAL GEOGRAPHIC...

Read more

TO PROMOTE ECONOMIC DEVELOPMENT AND RECRUITMENT IN THE SURROUNDING COMMUNITY. TO PROVIDE AN ENVIRONMENT FOR ECONOMIC STIMULATION FOR MEMBER ORGANIZATIONS. TO PROMOTE TOURISM IN THE LOCAL GEOGRAPHIC AREA.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $817,159
Investment Income $0
Other Revenue $0
TOTAL REVENUE $817,159

Expense Breakdown

Grants Paid $0
Salaries & Benefits $439,051
Fundraising Expenses $0
Program Expenses $672,173
Other Expenses $401,107
TOTAL EXPENSES $840,158

Year-over-Year Comparison

2024 2023 Change
Revenue $817,159 $828,202 0.0%
Expenses $840,158 $771,106 +0.1%
Net Income $-22,999 $57,096 -1.4%
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

Sign In

Governance

Voting Members
32
Independent Members
32
Employees
7
Volunteers
100

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
4
$109,166
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM HODGES CHAIR OF THE N/A
Officer Director
$0 $0 $0
DIANNA CLARK TREASURER N/A
Officer Director
$0 $0 $0
REV JAMES GAILLIARD CHAIR ELECT N/A
Officer Director
$0 $0 $0
EVAN COVINGTON-CHAVEZ VICE-CHAIR N/A
Director
$0 $0 $0
DR EVAN DUFF MEMBER N/A
Director
$0 $0 $0
ERIC EVANS MEMBER N/A
Director
$0 $0 $0
DR LEE ISLEY MEMBER N/A
Director
$0 $0 $0
ERIN GALL IMMEDIATE PA N/A
Director
$0 $0 $0
DAVID FARRIS PRESIDENT/SE 40.00
Officer
$109,166 $0 $109,166
STACIE SHATZER MEMBER N/A
Director
$0 $0 $0
STEVE PINKSTON VICE-CHAIR N/A
Director
$0 $0 $0
BENTON MOSS VICE-CHAIR N/A
Director
$0 $0 $0
LUCAS BAYLESS MEMBER N/A
Director
$0 $0 $0
GUSTY COATS MEMBER N/A
Director
$0 $0 $0
KIMBERLY HICKERSON MEMBER N/A
Director
$0 $0 $0
DR LEW HUNNICUTT MEMBER N/A
Director
$0 $0 $0
WILL NOBLE MEMBER N/A
Director
$0 $0 $0
ASHLEY PITTMAN MEMBER N/A
Director
$0 $0 $0
BETH TOWNSEND MEMBER N/A
Director
$0 $0 $0
BRIAN WEST MEMBER N/A
Director
$0 $0 $0
BUNN BODDIE MEMBER N/A
Director
$0 $0 $0
BEN BRADDOCK MEMBER N/A
Director
$0 $0 $0
ELTON DANIELS MEMBER N/A
Director
$0 $0 $0
DENNY DONALDSON MEMBER N/A
Director
$0 $0 $0
JET HATU MEMBER N/A
Director
$0 $0 $0
DANIEL HOWERTON MEMBER N/A
Director
$0 $0 $0
THOMAS MCDOWELL MEMBER N/A
Director
$0 $0 $0
MELVIN MITCHELL MEMBER N/A
Director
$0 $0 $0
SUSAN PHELPS MEMBER N/A
Director
$0 $0 $0
ROBERT PIKE MEMBER N/A
Director
$0 $0 $0
CHRIS DWIGHT MEMBER N/A
Director
$0 $0 $0
NINA WHITE MEMBER N/A
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 $817,159 $840,158 $518,758 $-22,999
2023 $828,202 $771,106 $420,245 $57,096
2022 $817,122 $717,562 $359,142 $99,560
2021 $663,846 $586,749 $335,236 $77,097
2020 $739,184 $560,603 $235,410 $178,581
2019 $774,176 $710,507 $98,974 $63,669
2018 $674,367 $648,852 $165,953 $25,515
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ROCKY MOUNT AREA CHAMBER OF COMMERCE INC with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.