Carteret County Chamber of Commerce

EIN: 560488844

Morehead City, NC

Total Revenue
$287,524
Total Expenses
$304,703
Total Assets
$137,691
Net Assets
$133,183
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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
1959
Legal Domicile
NC
Principal Officer
Tom Kies
Tax Period
2023-01-01 to 2023-12-31

Carteret County Chamber of Commerce, founded in 1959, is a small nonprofit that reported $288K in total revenue in fiscal year 2023.

Mission

Promote business in Carteret County NC and provide resources for local businesses in order to improve the economic climate of Carteret County

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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 (2023)

Revenue Breakdown

Contributions & Grants $202,254
Program Service Revenue $60,893
Investment Income $108
Other Revenue $24,269
TOTAL REVENUE $287,524

Expense Breakdown

Grants Paid $0
Salaries & Benefits $211,380
Fundraising Expenses $0
Program Expenses $177,497
Other Expenses $93,323
TOTAL EXPENSES $304,703

Year-over-Year Comparison

2023 2022 Change
Revenue $287,524 $277,337 +0.0%
Expenses $304,703 $307,004 0.0%
Net Income $-17,179 $-29,667 -0.4%
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
17
Independent Members
17
Employees
7
Volunteers
25

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
1
$0
Total Directors
16
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Catissa Head Board Member 0.00
Director
$0 $0 $0
Dan Coughlin Board Member 0.00
Director
$0 $0 $0
Richard McIntyre Board Member 0.00
Director
$0 $0 $0
Autumn Ware Board Member 0.00
Director
$0 $0 $0
Derrick Remer Board Member 0.00
Director
$0 $0 $0
Bena Weires Board Member 0.00
Director
$0 $0 $0
Cheryl Mansfield Board Member 0.00
Director
$0 $0 $0
Tina Purifoy Board Member 0.00
Director
$0 $0 $0
Vernice Whitaker Board Member 0.00
Director
$0 $0 $0
Will Rogers Board member 0.00
Director
$0 $0 $0
Shana Olmstead Treasurer 0.00
Director
$0 $0 $0
Wanda Bennett Chair 0.00
Director
$0 $0 $0
Tyler Waddell Board Member 0.00
Director
$0 $0 $0
Susan Sanders Board Member 0.00
Director
$0 $0 $0
Gene McLendon Board Member 0.00
Director
$0 $0 $0
Lisa Rueh Board Member 0.00
Director
$0 $0 $0
Tom Kies President 0.00
Officer Key Emp
$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 $287,524 $304,703 $137,691 $-17,179
2022 $277,337 $307,004 $154,682 $-29,667
2021 $280,392 $296,541 $184,538 $-16,149
2020 $289,780 $297,088 $199,841 $-7,308
2019 $328,079 $317,722 $209,686 $10,357
2018 $339,363 $333,558 $199,447 $5,805
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