GRANVILLE COUNTY CHAMBER OF COMMERCE

EIN: 560467935

OXFORD, NC

Total Revenue
$189,712
Total Expenses
$182,199
Total Assets
$55,877
Net Assets
$55,877
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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
1947
Legal Domicile
NC
Principal Officer
RUTH ANN BULLOCK
Phone
9196936125
Tax Period
2024-01-01 to 2024-12-31

GRANVILLE COUNTY CHAMBER OF COMMERCE, founded in 1947, is a small nonprofit that reported $190K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $182K left a modest 4% surplus.

Mission

TO PROMOTE A HEALTHY ECONOMY WITH GOOD BUSINESS CONDITIONS, SUPPORT GOOD GOVERNMENT, IMPROVE COMMUNITY RELATIONS AND MARKET SERVICES AND PROGRAMS FOR CHAMBER MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $158,635 Revenue: $81,039

TO PROVIDE GOALS AND IDEAS TO LOCAL BUSINESSES IN THE IMMEDIATE SURROUNDING AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $107,780
Program Service Revenue $81,039
Investment Income $868
Other Revenue $25
TOTAL REVENUE $189,712

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,665
Fundraising Expenses $6,769
Program Expenses $158,635
Other Expenses $67,534
TOTAL EXPENSES $182,199

Year-over-Year Comparison

2024 2023 Change
Revenue $189,712 $204,646 -0.1%
Expenses $182,199 $185,754 0.0%
Net Income $7,513 $18,892 -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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Governance

Voting Members
11
Independent Members
11
Employees
2
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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBA BULLOCK PAST PRESIDE N/A
Officer Director
$0 $0 $0
RUTH ANN BULLOCK PRESIDENT N/A
Officer Director
$0 $0 $0
CATHERINE CREWS BOARD MEMBER N/A
Director
$0 $0 $0
JASON FINCH TREASURER N/A
Officer Director
$0 $0 $0
JADE GINGUE PRESIDENT EL N/A
Director
$0 $0 $0
MELANIE HOBGOOD BOARD MEMBER N/A
Director
$0 $0 $0
RANDALL HUFF BOARD MEMBER N/A
Director
$0 $0 $0
JAMES N BROWN JR BOARD MEMBER N/A
Director
$0 $0 $0
HARRISON PREDDY BOARD MEMBER N/A
Director
$0 $0 $0
TAMARA RODEBAUGH BOARD MEMBER N/A
Director
$0 $0 $0
LARRY WILSON VICE-PRESIDE N/A
Officer 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 $189,712 $182,199 $55,877 $7,513
2023 $204,646 $185,690 $48,364 $18,956
2022 $190,672 $188,614 $29,408 $2,058
2021 $162,161 $152,568 $27,350 $9,593
2020 $178,510 $161,748 $20,404 $16,762
2019 $201,099 $205,104 $3,861 $-4,005
2018 $214,121 $211,507 $7,821 $2,614
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