CLEVELAND COUNTY CHAMBER

EIN: 560394755

SHELBY, NC

Total Revenue
$264,562
Total Expenses
$284,815
Total Assets
$193,517
Net Assets
$-35,522
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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
1965
Legal Domicile
NC
Principal Officer
CHRISTINE CRIBB
Phone
7044878521
Tax Period
2023-01-01 to 2023-12-31

CLEVELAND COUNTY CHAMBER, founded in 1965, is a small nonprofit that reported $265K in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO STRENGTHEN CLEVELAND COUNTY BUSINESSES, PROMOTE ECONOMIC DEVELOPMENT AND ENHANCE COMMUNITY VITALITY. WE STRIVE TO MAKE CLEVELAND COUNTY AN ECONOMIC LEADER IN WESTERN NORTH CAROLINA AND TO ENHANCE OUR MEMBERS' SUCCESS THROUGH ADVOCACY, MEMBER BENEFITS, AND SERVICES.

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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 $152,527
Program Service Revenue $112,035
Investment Income $0
Other Revenue $0
TOTAL REVENUE $264,562

Expense Breakdown

Grants Paid $0
Salaries & Benefits $161,165
Fundraising Expenses $0
Program Expenses $260,951
Other Expenses $123,650
TOTAL EXPENSES $284,815

Year-over-Year Comparison

2023 2022 Change
Revenue $264,562 $123,576 +1.1%
Expenses $284,815 $211,058 +0.3%
Net Income $-20,253 $-87,482 -0.8%
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
13
Independent Members
13
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
5
$79,500
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSH BARRON BOARD MEMBER 0.00
Director
$0 $0 $0
TIM BLACKWELL BOARD MEMBER 0.00
Director
$0 $0 $0
CRAIG DEBREW BOARD MEMBER 0.00
Director
$0 $0 $0
SCOTT FEDYSHYN BOARD MEMBER 0.00
Director
$0 $0 $0
BRYON GRAGG BOARD MEMBER 0.00
Director
$0 $0 $0
IRIS HUBBARD BOARD MEMBER 0.00
Director
$0 $0 $0
JEFF ROSS BOARD MEMBER 0.00
Director
$0 $0 $0
STACEY WALKER BOARD MEMBER 0.00
Director
$0 $0 $0
DR JASON HURST BOARD MEMBER 0.00
Director
$0 $0 $0
OMAR PORTER BOARD MEMBER 0.00
Director
$0 $0 $0
DAMON SCOTT CHAIRMAN 0.00
Officer
$0 $0 $0
CHRIS MONROE PAST CHAIRMAN 0.00
Officer
$0 $0 $0
DR JIMMY MAGAR TREASURER 0.00
Officer
$0 $0 $0
MICHAEL HARDEN INCOMING CHAIRMAN 0.00
Officer
$0 $0 $0
CHRISTINE CRIBB EXECUTIVE DIRECTOR 40.00
Officer
$79,500 $0 $79,500
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 $264,562 $284,815 $193,517 $-20,253
2022 $123,576 $211,058 $111,296 $-87,482
2021 $572,491 $597,674 $732,596 $-25,183
2020 $616,488 $589,268 $758,743 $27,220
2019 $752,558 $707,215 $629,726 $45,343
2018 $1,049,274 $910,728 $586,795 $138,546
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