NEW BERN AREA CHAMBER OF COMMERCE

EIN: 560474614

NEW BERN, NC

Total Revenue
$480,247
Total Expenses
$538,070
Total Assets
$712,483
Net Assets
$230,591
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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
NC
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

TO PROMOTE THE CIVIC, COMMERCIAL, AND INDUSTRIAL PROGRESS OF CRAVEN COUNTY.

Program Service Accomplishments

Program 1

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%)

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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

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Governance

Voting Members
30
Independent Members
30
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
7
$107,570
Total Directors
30
$107,570
Key Employees
0
$0
Highest Compensated
0
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
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