STANLY COUNTY CHAMBER OF COMMERCE … - Form 990 Financial Data

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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

1940

Legal Domicile

Principal Officer

SANDY SELVY-MULLIS

Phone

7049828116

Tax Period

2019-01-01 to 2019-12-31

STANLY COUNTY CHAMBER OF COMMERCE INC, founded in 1940, is a small nonprofit that reported $183K in total revenue in fiscal year 2019.

Mission

THE STANLY COUNTY CHAMBER OF COMMERCE SERVES AS A CATALYST FOR COLLABORATIVE ECONOMIC DEVELOPMENT IN BUSINESS, EDUCATION, ENTREPRENEURSHIP, LEADERSHIP, AND PUBLIC POLICY TO CREATE A THRIVING COMMUNITY.

Program Service Accomplishments

Program 1

PROMOTE AND RECOGNIZE BUSINESSES THROUGH THE ANNUAL MEETINGS, LEGISLATIVE BREAKFAST, SAFETY LUNCHEON, AND OTHER PROGRAMS THROUGHOUT THE YEAR.

Program 2

PROVIDE LEADERSHIP TRAINING THROUGH THE LEADERSHIP STANLY PROGRAM.

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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 (2019)

Revenue Breakdown

Contributions & Grants $130,226

Program Service Revenue $30,560

Investment Income $48

Other Revenue $22,348

TOTAL REVENUE $183,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,640

Fundraising Expenses $0

Other Expenses $80,188

TOTAL EXPENSES $186,828

Year-over-Year Comparison

	2019	2018	Change
Revenue	$183,182	$187,784	0.0%
Expenses	$186,828	$173,752	+0.1%
Net Income	$-3,646	$14,032	-1.3%

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

200

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

$16,042

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE CROOKER	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
DR JOHN ENAMAIT	BOARD CHAIR ELECT	4.00	Officer Director	$0	$0	$0
WILLIAM HUNEYCUTT	TREASURER	4.00	Officer Director	$0	$0	$0
DR J MICHAEL RIEMANN	LEGISLATIVE CHAIR	4.00	Director	$0	$0	$0
TONYA JUDGE	PROGRAMMING CHAIR	2.00	Director	$0	$0	$0
NICOLE WILLIAMS	BOARD MEMBER AT LARGE	2.00	Director	$0	$0	$0
JAN GOETZ	BOARD MEMBER AT LARGE	2.00	Director	$0	$0	$0
JODY SMITH	BOARD MEMBER AT LARGE	2.00	Director	$0	$0	$0
JEFF ROBERTSON	BOARD MEMBER AT LARGE	2.00	Director	$0	$0	$0
SANDY SELVY-MULLS	PRESIDENT/CEO	40.00	Officer	$16,042	$0	$16,042

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
2019	$183,182	$186,828	$77,554	$-3,646

STANLY COUNTY CHAMBER OF COMMERCE INC