CABARRUS REGIONAL CHAMBER OF COMMERCE

EIN: 560501076

CONCORD, NC

Total Revenue
$603,792
Total Expenses
$591,304
Total Assets
$459,345
Net Assets
$425,271
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
NC
Principal Officer
TRI TANG
Phone
7047824000
Tax Period
2024-01-01 to 2024-12-31

CABARRUS REGIONAL CHAMBER OF COMMERCE, founded in 1958, is a small nonprofit that reported $604K in total revenue in fiscal year 2024.

Mission

THE CHAMBER SERVES BUSINESSES IN CABARRUS COUNTY, NORTH CAROLINA AND THE ENTIRE CHARLOTTE REGION AS A TRUSTED ADVOCATE, EXCELLENT RESOURCE AND PROACTIVE CATALYST FOR QUALITY BUSINESS AND COMMUNITY SERVICE. WE ACCOMPLISH THIS THROUGH PROGRAMS FOCUSED ON ADVOCACY, EVENTS, BUSINESS EDUCATIONAL OPPORTUNITIES, VISIBILITY AND RELATIONSHIP BUILDING OPPORTUNITIES FOR OUR MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $525,193

THE CHAMBER SERVES BUSINESSES IN CABARRUS COUNTY, NORTH CAROLINA AND THE ENTIRE CHARLOTTE REGION AS A TRUSTED ADVOCATE, EXCELLENT RESOURCE AND PROACTIVE CATALYST FOR QUALITY BUSINESS AND COMMUNITY...

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THE CHAMBER SERVES BUSINESSES IN CABARRUS COUNTY, NORTH CAROLINA AND THE ENTIRE CHARLOTTE REGION AS A TRUSTED ADVOCATE, EXCELLENT RESOURCE AND PROACTIVE CATALYST FOR QUALITY BUSINESS AND COMMUNITY SERVICE. WE ACCOMPLISH THIS THROUGH PROGRAMS FOCUSED ON ADVOCACY, EVENTS, BUSINESS EDUCATIONAL OPPORTUNITIES, VISIBILITY AND RELATIONSHIP BUILDING OPPORTUNITIES FOR OUR 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $593,797
Investment Income $8,995
Other Revenue $0
TOTAL REVENUE $603,792

Expense Breakdown

Grants Paid $0
Salaries & Benefits $295,969
Fundraising Expenses $0
Program Expenses $525,193
Other Expenses $295,335
TOTAL EXPENSES $591,304

Year-over-Year Comparison

2024 2023 Change
Revenue $603,792 $568,022 +0.1%
Expenses $591,304 $569,983 +0.0%
Net Income $12,488 $-1,961 -7.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
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
4
$0
Total Directors
26
$106,674
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG ALVARENGA DIRECTOR 1.00
Director
$0 $0 $0
JIM CRADDOCK DIRECTOR 2.00
Director
$0 $0 $0
PAGE CASTRODALE DIRECTOR 1.00
Director
$0 $0 $0
TRI TANG CHAIR 2.00
Officer Director
$0 $0 $0
JOHN KOPICKI DIRECTOR 1.00
Director
$0 $0 $0
NATASHA LIPSCOMB DIRECTOR 1.00
Director
$0 $0 $0
JOE CRAPSTER DIRECTOR 1.00
Director
$0 $0 $0
MARK SPITZER DIRECTOR 1.00
Director
$0 $0 $0
MATT LONG DIRECTOR 1.00
Director
$0 $0 $0
KEVIN GARAY DIRECTOR 1.00
Director
$0 $0 $0
STEVE FISHER DIRECTOR 1.00
Director
$0 $0 $0
ALLEN DOBSON DIRECTOR 1.00
Director
$0 $0 $0
ROY NIXON DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH MARTINEZ DIRECTOR 1.00
Director
$0 $0 $0
ANGIE BROWN TREASURER 2.00
Officer Director
$0 $0 $0
MICHELE NICHOLS DIRECTOR 1.00
Director
$0 $0 $0
TRACIE HAMPTON DIRECTOR 1.00
Director
$0 $0 $0
CHAD TARLTON DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN MOORE DIRECTOR 1.00
Director
$0 $0 $0
STACY GRIFFIN DIRECTOR 1.00
Director
$0 $0 $0
WARD CHILDRESS PAST-CHAIR 2.00
Officer Director
$0 $0 $0
ROLANDA PATRICK DIRECTOR 1.00
Director
$0 $0 $0
BARBARA JONES EXECUTIVE DIRECTOR 40.00
Director
$99,093 $7,581 $106,674
DENISE HALLETT DIRECTOR 1.00
Director
$0 $0 $0
JAMES ROSS VICE CHAIR 2.00
Officer Director
$0 $0 $0
GARRISON WHITE DIRECTOR 1.00
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 $603,792 $591,304 $459,345 $12,488
2023 $568,022 $569,983 $412,783 $-1,961
2022 $612,549 $647,931 $414,744 $-35,382
2021 $551,414 $559,136 $450,126 $-7,722
2020 $508,861 $511,617 $469,418 $-2,756
2019 $580,705 $574,319 $480,686 $6,386
2018 $562,640 $566,338 $454,218 $-3,698
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