CHATHAM CHAMBER OF COMMERCE (EIN 560500283) - 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

1947

Legal Domicile

Tax Period

2023-10-01 to 2023-12-31

CHATHAM CHAMBER OF COMMERCE, founded in 1947, is a micro nonprofit that reported $41K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $70K exceeded revenue, resulting in a 72% operating deficit.

Mission

THE CHATHAM CHAMBER OF COMMERCE IS A MEMBERSHIP-DRIVEN ORGANIZATION FOCUSING ON THE ECONOMIC VITALITY OF CHATHAMM COUNTY, NORTH CAROLINA, AND THE INCREASED VISABILITY AND ADVOCACY OF ITS MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $39,862

Program Service Revenue $0

Investment Income $798

Other Revenue $0

TOTAL REVENUE $40,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,209

Fundraising Expenses $7,919

Program Expenses $44,281

Other Expenses $41,601

TOTAL EXPENSES $69,810

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,660	$241,861	-0.8%
Expenses	$69,810	$246,525	-0.7%
Net Income	$-29,150	$-4,664	+5.3%

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

$20,257

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY POINDEXTER	PRESIDENT & CEO	40.00	Officer	$20,257	$0	$20,257
PERLA AYALA	DIRECTOR	1.00	Director	$0	$0	$0
JAY WALDEN	DIRECTOR	1.00	Director	$0	$0	$0
KRIS MARINO	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEIGH GLOVER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN HENSLEY	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP PAPPAS	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WILSON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE TERRY	DIRECTOR	1.00	Director	$0	$0	$0
KATIE WALKER	DIRECTOR	1.00	Director	$0	$0	$0
LEWIS HENDRICKS	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY BEERS SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
SHARON DICKENS	PAST CHAIR	5.00	Officer	$0	$0	$0
CHRIS ELKINS	BOARD CHAIR	5.00	Officer	$0	$0	$0
TYLER BRYANT	PRESIDENT & CEO	40.00	Officer	$0	$0	$0
ERIC WOLAK	TREASURER	5.00	Officer	$0	$0	$0
BOBBY PALMER	SECRETARY	5.00	Officer	$0	$0	$0
JASON HOYLE	CHAIR ELECT	5.00	Officer	$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	$241,861	$246,525	$228,297	$-4,664
2023	$40,660	$69,810	$198,932	$-29,150

CHATHAM CHAMBER OF COMMERCE