GREATER SMITHFIELD-SELMA AREA CHAM… - 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

1970

Legal Domicile

Principal Officer

KELLY WALLACE

Phone

9199349166

Tax Period

2025-01-01 to 2025-12-31

GREATER SMITHFIELD-SELMA AREA CHAMBER OF COMMERCE, founded in 1970, is a small nonprofit that reported $761K in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $725K left a modest 5% surplus.

Mission

PROMOTING ECONOMIC DEVELOPMENT IN JOHNSTON COUNTY NORTH CAROLINA AREA

Program Service Accomplishments

Program 1

Expenses: $457,397

THE TRIANGLE EAST CHAMBER OF COMMERCE LEADS OUR COMMUNITIES TOWARD SUSTAINABLE ECONOMIC GROWTH. WE FACILITATE THE DEVELOPEMENT OF OUR REGION INTO NATIONALLY COMPETITIVE, ECONOMICALLY DIVERSE...

THE TRIANGLE EAST CHAMBER OF COMMERCE LEADS OUR COMMUNITIES TOWARD SUSTAINABLE ECONOMIC GROWTH. WE FACILITATE THE DEVELOPEMENT OF OUR REGION INTO NATIONALLY COMPETITIVE, ECONOMICALLY DIVERSE, RELEVENT AND COLLABORATIVE 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $383,679

Program Service Revenue $377,000

Investment Income $168

Other Revenue $0

TOTAL REVENUE $760,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $369,432

Fundraising Expenses $0

Program Expenses $457,397

Other Expenses $355,198

TOTAL EXPENSES $724,630

Year-over-Year Comparison

	2025	2024	Change
Revenue	$760,847	$589,334	+0.3%
Expenses	$724,630	$678,966	+0.1%
Net Income	$36,217	$-89,632	-1.4%

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

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

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

$65,894

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY WALLACE	PRESIDENT &	40.00	Officer	$65,894	$0	$65,894
LEE BYRD	TREASURER	2.00	Director	$0	$0	$0
RON HESTER	MEMBER SERVI	2.00	Director	$0	$0	$0
CALEB JOHNSON	LEGISLATIVE	2.00	Director	$0	$0	$0
SCOTT NUNN	CHAIR ELECT	2.00	Director	$0	$0	$0
JEFF PARLIER	ECONOMIC DEV	2.00	Director	$0	$0	$0
LAMAR ARMSTRONG	CHAIRMAN	2.00	Officer	$0	$0	$0
MARK MCDONNELL	PAST CHAIRMA	2.00	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
2025	$760,847	$724,630	$246,078	$36,217
2024	$589,334	$678,966	$284,199	$-89,632
2023	$457,167	$498,723	$241,269	$-41,556
2022	$305,974	$352,585	$282,500	$-46,611
2021	$326,580	$279,440	$304,087	$47,140
2020	$330,898	$346,916	$413,180	$-16,018
2019	$316,473	$326,370	$273,306	$-9,897
2018	$383,928	$353,416	$309,380	$30,512

GREATER SMITHFIELD-SELMA AREA CHAMBER OF COMMERCE