NEW BERN AREA CHAMBER OF COMMERCE (EIN 560474614) - 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

1920

Legal Domicile

Principal Officer

KEVIN ROBERTS

Phone

2526373111

Tax Period

2024-01-01 to 2024-12-31

NEW BERN AREA CHAMBER OF COMMERCE, founded in 1920, is a small nonprofit that reported $480K in total revenue in fiscal year 2024. Expenses of $538K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE CHAMBER HAS PROMOTED THE AREA AND ITS ECONOMIC DEVELOPMENT THROUGH EDUCATION AND MARKETING OF LOCAL BUSINESS OPPORTUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $324,885

Program Service Revenue $109,908

Investment Income $0

Other Revenue $45,454

TOTAL REVENUE $480,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,010

Fundraising Expenses $0

Other Expenses $277,060

TOTAL EXPENSES $538,070

Year-over-Year Comparison

	2024	2023	Change
Revenue	$480,247	$497,112	0.0%
Expenses	$538,070	$500,821	+0.1%
Net Income	$-57,823	$-3,709	+14.6%

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

$107,570

Total Directors

$107,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA BANKS	DIRECTOR	2.00	Director	$0	$0	$0
ANDY MACLAREN	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS MCCUTCHEON	DIRECTOR	2.00	Director	$0	$0	$0
DAN ROBERTS	TREASURER	4.00	Officer Director	$0	$0	$0
ED HUGHES	ASST TREASURER	2.00	Officer Director	$0	$0	$0
GREG MIZE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES BOYD	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
JANICE THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
JEFF MEDLIN	CHAIR	4.00	Officer Director	$0	$0	$0
JEREMY LERAY	DIRECTOR	2.00	Director	$0	$0	$0
JIM ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
JUDY PIERCE	DIRECTOR	2.00	Director	$0	$0	$0
KATIE GILES	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN ROBERTS	PRESIDENT	40.00	Officer Director	$107,570	$0	$107,570
KYLE DICKERSON	INCOMING CHAIR	2.00	Officer Director	$0	$0	$0
LINDSAY SIMS	DIRECTOR	2.00	Director	$0	$0	$0
MAUREEN CLAYTON	DIRECTOR	2.00	Director	$0	$0	$0
MIKE PECHA	DIRECTOR	2.00	Director	$0	$0	$0
ROSS HARDEMAN	DIRECTOR	2.00	Director	$0	$0	$0
SANDRA PHELPS	SECRETARY	4.00	Officer Director	$0	$0	$0
SANDY QUINONEZ	DIRECTOR	2.00	Director	$0	$0	$0
SHANE GRANT	DIRECTOR	2.00	Director	$0	$0	$0
STUART BLOUNT	DIRECTOR	2.00	Director	$0	$0	$0
GRANT LOFTIN	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS HAYTER	DIRECTOR	2.00	Director	$0	$0	$0
MIKE RAINES	DIRECTOR	2.00	Director	$0	$0	$0
DERRICK REMER	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA RIGGLE	DIRECTOR	2.00	Director	$0	$0	$0
ANDY SCHNEIDER	DIRECTOR	2.00	Director	$0	$0	$0
PHIL VERNELSON	DIRECTOR	2.00	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	$480,247	$538,070	$712,483	$-57,823
2023	$497,112	$500,821	$832,251	$-3,709
2022	$462,301	$462,704	$736,534	$-403
2021	$513,509	$439,859	$747,979	$73,650
2020	$388,506	$435,192	$648,003	$-46,686
2019	$527,681	$554,073	$1,025,240	$-26,392
2018	$482,111	$531,014	$843,483	$-48,903

NEW BERN AREA CHAMBER OF COMMERCE