TARBORO CHAMBER OF COMMERCE INC (EIN 560424185) - 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

1935

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

TARBORO CHAMBER OF COMMERCE INC, founded in 1935, is a small nonprofit that reported $108K in total revenue in fiscal year 2023.

Mission

TO PROMOTE BUSINESSES IN EDGECOMBE COUNTY

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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 (2023)

Revenue Breakdown

Contributions & Grants $106,382

Program Service Revenue $0

Investment Income $1,027

Other Revenue $919

TOTAL REVENUE $108,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,532

Fundraising Expenses $0

Program Expenses $105,272

Other Expenses $24,740

TOTAL EXPENSES $105,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,328	$110,487	0.0%
Expenses	$105,272	$114,992	-0.1%
Net Income	$3,056	$-4,505	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MORGAN EVANS	DIRECTOR	0.00	Director	$0	$0	$0
DAVID HARRELSON	DIRECTOR	0.00	Director	$0	$0	$0
LAURA EVANS	DIRECTOR	0.00	Director	$0	$0	$0
ASHLEY PITTMAN	DIRECTOR	0.00	Director	$0	$0	$0
NATALIE BESS	DIRECTOR	0.00	Director	$0	$0	$0
ANDREW BRYAN	DIRECTOR	0.00	Director	$0	$0	$0
ERIC EVANS	DIRECTOR	0.00	Director	$0	$0	$0
TINA PARKER	DIRECTOR	0.00	Director	$0	$0	$0
TROY LEWIS	DIRECTOR	0.00	Director	$0	$0	$0
PATRICK HINES	DIRECTOR	0.00	Director	$0	$0	$0
TOM THORNE	DIRECTOR	0.00	Director	$0	$0	$0
PAMELA GOULD	CHAIRMAN OF THE BOARD	0.00	Director	$0	$0	$0
PATRICK D SHARPE	EXEUCTIVE DIRECTOR	40.00	Key Emp	$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
2023	$108,328	$105,272	$129,093	$3,056
2022	$110,487	$114,992	$125,860	$-4,505
2021	$140,867	$126,937	$130,531	$13,930
2020	$129,837	$121,943	$116,259	$7,894
2019	$151,861	$136,464	$107,990	$15,397
2018	$152,079	$135,149	$93,440	$16,930

TARBORO CHAMBER OF COMMERCE INC