STANLY COUNTY CHAMBER OF COMMERCE INC

EIN: 560503003

ALBEMARLE, NC

Total Revenue
$183,182
Total Expenses
$186,828
Total Assets
$77,554
Net Assets
$49,991
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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
NC
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.

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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 (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

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Governance

Voting Members
9
Independent Members
9
Employees
4
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
4
$16,042
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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