ROCKY MOUNT AREA CHAMBER OF COMMERCE INC (EIN 560380635) - Form 990 Financial Analysis & Trantor Score

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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

1904

Legal Domicile

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.

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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 $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

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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

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

$109,166

Total Directors

Key Employees

Highest Compensated

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

ROCKY MOUNT AREA CHAMBER OF COMMERCE INC