CABARRUS REGIONAL CHAMBER OF COMMERCE (EIN 560501076) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1958

Legal Domicile

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

TO CONNECT, CONVENE AND CHAMPION A THRIVING BUSINESS COMMUNITY IN CABARRUS COUNTY. A CHAMBER THAT CATALYZES A GROWING, DIVERSE BUSINESS COMMUNITY TO CREATE ECONOMIC OPPORTUNITY FOR ALL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$106,674

Key Employees

Highest Compensated

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

CABARRUS REGIONAL CHAMBER OF COMMERCE