ROWAN COUNTY CHAMBER OF COMMERCE (EIN 560387470) - 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

1925

Legal Domicile

Phone

7046334221

Tax Period

2025-01-01 to 2025-12-31

ROWAN COUNTY CHAMBER OF COMMERCE, founded in 1925, is a small nonprofit in the Community Improvement sector that reported $575K in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PROMOTE THE INDUSTRIAL, COMMERCIAL, AGRICULTURAL, ECONOMIC, CIVIC AND SOCIAL WELFARE OF THE PEOPLE OF SALISBURY AND ROWAN COUNTY NORTH CAROLINA

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $557,963

Investment Income $3,810

Other Revenue $13,713

TOTAL REVENUE $575,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $331,733

Fundraising Expenses $0

Program Expenses $446,999

Other Expenses $254,074

TOTAL EXPENSES $585,807

Year-over-Year Comparison

	2025	2024	Change
Revenue	$575,486	$508,187	+0.1%
Expenses	$585,807	$535,171	+0.1%
Net Income	$-10,321	$-26,984	-0.6%

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

$153,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAINE SPALDING	PRESIDENT	40.00	Officer	$153,625	$0	$153,625
ANDREW SMITH	DIV CHAIR ED WORKFORCE	0.10	Director	$0	$0	$0
DONNA GROCE	DIV CHAIR - MEMBERSHIP	0.10	Director	$0	$0	$0
KARLA FOSTER	DIV CHAIR - PUBLIC AFFAIRS	0.10	Director	$0	$0	$0
LORI CINQUEMANI	DIRECTOR	0.10	Director	$0	$0	$0
RYAN DAYVAULT	DIRECTOR	0.10	Director	$0	$0	$0
ROSALIND HINES	DIRECTOR	0.10	Director	$0	$0	$0
RYAN STOWE	DIRECTOR	0.10	Director	$0	$0	$0
STEVE FISHER	IMMEDIATE PAST CHAIR	0.10	Director	$0	$0	$0
PAM COFFIELD	DIRECTOR	0.10	Director	$0	$0	$0
MARK JENNINGS	DIRECTOR	0.10	Director	$0	$0	$0
KRISTEN REAVIS	DIRECTOR	0.10	Director	$0	$0	$0
RALPH YOUNG	DIRECTOR	0.10	Director	$0	$0	$0
CHRISTINE LYNN	CHAIR ELECT	0.10	Director	$0	$0	$0
ANTHONY BROOKS	DIRECTOR	0.10	Director	$0	$0	$0
LYNDSEY PELUSI	DIRECTOR	0.10	Director	$0	$0	$0
RHONDA MARTIN	N/A	0.10	Director	$0	$0	$0
MICHAEL QUILLEN	DIRECTOR	0.10	Director	$0	$0	$0
JOSH SPRY	DIRECTOR	0.10	Director	$0	$0	$0
ALAN BURKE	TREASURER	0.10	Officer	$0	$0	$0
STARLING J KAKLAMANOS	CHAIR OF THE BOARD	0.10	Officer	$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
2025	$575,486	$585,807	$484,799	$-10,321
2024	No data	No data	No data	No data
2023	$511,865	$495,700	$450,298	$16,165
2022	$495,584	$521,296	$431,514	$-25,712
2021	$428,066	$411,225	$489,306	$16,841
2020	$388,766	$396,635	$460,245	$-7,869
2019	$520,035	$459,697	$475,195	$60,338
2018	$532,190	$500,646	$391,906	$31,544

ROWAN COUNTY CHAMBER OF COMMERCE