WILSON CHAMBER OF COMMERCE INC (EIN 560457910) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Principal Officer

HEATHER MERCER

Phone

2522370165

Tax Period

2023-01-01 to 2023-12-31

WILSON CHAMBER OF COMMERCE INC is a small nonprofit that reported $466K in total revenue in fiscal year 2023. Expenses of $526K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE LEADERSHIP AND DIRECTION FOR THE SELECTIVE AND ORDERLY GROWTH OF THE COUNTY; TO PRESERVE THE COMPETITIVE FREE ENTERPRISE SYSTEM; PROMOTE BUSINESS AND COMMUNITY GWOTH; TO ENSURE A BETTER QUALITY OF LIFE FOR ALL RESIDENTS; AND TO PROVIDE SERVICES AND PROGRAMS TO ITS MEMBERS.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $500

Program Service Revenue $452,514

Investment Income $2,033

Other Revenue $11,169

TOTAL REVENUE $466,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370,811

Fundraising Expenses $0

Program Expenses $401,563

Other Expenses $154,947

TOTAL EXPENSES $525,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$466,216	$466,430	0.0%
Expenses	$525,758	$497,272	+0.1%
Net Income	$-59,542	$-30,842	+0.9%

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

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
RYAN SIMON	PRESIDENT	40.00	Highest	$117,500	$15,105	$132,605
LAKESHA ALSTON	DIRECTOR	3.00	Director	$0	$0	$0
WILLIAM FIGUEROA	DIRECTOR	3.00	Director	$0	$0	$0
JOE HARTSFIELD	DIRECTOR	3.00	Director	$0	$0	$0
WINFRED JONES	DIRECTOR	3.00	Director	$0	$0	$0
JUSTIN KEENE	DIRECTOR	3.00	Director	$0	$0	$0
BILL O'BOYLE	DIRECTOR	3.00	Director	$0	$0	$0
LAURA OWENS	DIRECTOR	3.00	Director	$0	$0	$0
CARLETHA WARD	PAST CHAIRMA	3.00	Director	$0	$0	$0
HEATHER MERCER	CHAIRMAN	3.00	Officer	$0	$0	$0
TIM SHARP	SECRETARY/TR	3.00	Officer	$0	$0	$0
JOSH THOMAS	CHAIR ELECT	3.00	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
2024	No data	No data	No data	No data
2023	$466,216	$525,758	$346,350	$-59,542
2022	$466,430	$497,272	$409,222	$-30,842
2021	$441,781	$447,047	$428,004	$-5,266
2020	$347,285	$455,536	$404,278	$-108,251
2019	$449,384	$477,416	$383,986	$-28,032
2018	$569,701	$475,734	$424,075	$93,967

WILSON CHAMBER OF COMMERCE INC