ASHEBORO RANDOLPH CHAMBER OF COMMERCE (EIN 560475844) - 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

1948

Legal Domicile

Principal Officer

LINDA BROWN

Phone

3366262626

Tax Period

2024-01-01 to 2024-12-31

ASHEBORO RANDOLPH CHAMBER OF COMMERCE, founded in 1948, is a small nonprofit that reported $496K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $480K left a modest 3% surplus.

Mission

COMMUNITY DEVELOPMENT AND IMPROVEMENT OF LOCAL CONDITIONS

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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 $194,305

Program Service Revenue $284,024

Investment Income $17,704

Other Revenue $13

TOTAL REVENUE $496,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,423

Fundraising Expenses $0

Other Expenses $282,562

TOTAL EXPENSES $479,985

Year-over-Year Comparison

	2024	2023	Change
Revenue	$496,046	$697,433	-0.3%
Expenses	$479,985	$680,751	-0.3%
Net Income	$16,061	$16,682	0.0%

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

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

$94,790

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM DEATHE	EXECUTIVE DIRECTOR/PRESIDENT	40.00	Key Emp Highest	$67,292	$1,563	$68,855
HR GALLIMORE	CHAIRMAN OF THE BOARD	1.50	Director	$0	$0	$0
SHEILA WILLIAMS	CHAIR-ELECT	1.50	Director	$0	$0	$0
DAWN MORTON	TREASURER	1.50	Director	$0	$0	$0
RICHARD SCHOENBERGER	VICE PRESIDENT	1.00	Director	$0	$0	$0
STEVE SINGLETON	VICE PRESIDENT	1.00	Director	$0	$0	$0
MARY LISK	PAST CO-CHAIR	1.00	Director	$0	$0	$0
DARWIN SMITH	PAST CO-CHAIR	1.00	Director	$0	$0	$0
RHONDA WORKMAN	FINANCE OFFICER	0.13	Key Emp	$25,935	$0	$25,935
JERI ANN KELLY	BOARD MEMBER	0.13	Director	$0	$0	$0
SCOTT ALLEN	BOARD MEMBER	0.13	Director	$0	$0	$0
SCOTT HARRIS	BOARD MEMBER	0.13	Director	$0	$0	$0
LYNN LAPRADE	BOARD MEMBER	0.13	Director	$0	$0	$0
BRIAN POWELL	BOARD MEMBER	0.13	Director	$0	$0	$0
JONATHAN THILL	BOARD MEMBER	0.13	Director	$0	$0	$0
DR SHAH ARDALAN	BOARD MEMBER	0.13	Director	$0	$0	$0
ASHLEY DUGGINS	BOARD MEMBER	0.13	Director	$0	$0	$0
DALE LAMBERT	BOARD MEMBER	0.13	Director	$0	$0	$0
HAROLD WILLIAMS	BOARD MEMBER	0.13	Director	$0	$0	$0
QUINTON LOURIS	BOARD MEMBER	0.13	Director	$0	$0	$0
TREVOR NUTTALL	BOARD MEMBER	0.13	Director	$0	$0	$0
NICKI HILL	BOARD MEMBER	0.13	Director	$0	$0	$0
MCCALL TANNER	BOARD MEMBER	0.13	Director	$0	$0	$0
SCOTT EGGLESTON	BOARD MEMBER	0.13	Director	$0	$0	$0
MYRA GADDY	BOARD MEMBER	0.13	Director	$0	$0	$0
BARBARA GALLIMORE	BOARD MEMBER	0.13	Director	$0	$0	$0
DOROTHY KEITH	BOARD MEMBER	0.13	Director	$0	$0	$0
ART MARTINEZ	BOARD MEMBER	0.13	Director	$0	$0	$0
KIM PRICE	BOARD MEMBER	0.13	Director	$0	$0	$0
KIM MARKHAM	BOARD MEMBER	0.13	Director	$0	$0	$0
JENNA MCKENZIE	BOARD MEMBER	0.13	Director	$0	$0	$0
GREG SPAINHOUR	BOARD MEMBER	0.13	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	$496,046	$479,985	$1,058,058	$16,061
2023	$697,433	$680,751	$1,072,745	$16,682
2022	$639,898	$650,376	$1,028,438	$-10,478
2021	$505,946	$453,674	$1,060,244	$52,272
2020	$424,140	$385,363	$980,406	$38,777
2019	$531,441	$492,388	$954,808	$39,053

ASHEBORO RANDOLPH CHAMBER OF COMMERCE