GREATER SMITHFIELD-SELMA AREA CHAMBER OF COMMERCE

EIN: 560511667

SMITHFIELD, NC

Total Revenue
$589,334
Total Expenses
$678,966
Total Assets
$284,199
Net Assets
$122,537
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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
NC
Principal Officer
MAUREEN MCGUINNESS
Phone
9199349166
Tax Period
2024-01-01 to 2024-12-31

GREATER SMITHFIELD-SELMA AREA CHAMBER OF COMMERCE, founded in 1970, is a small nonprofit that reported $589K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $679K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROMOTING ECONOMIC DEVELOPMENT IN JOHNSTON COUNTY NORTH CAROLINA AREA

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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 $287,361
Program Service Revenue $299,051
Investment Income $2,922
Other Revenue $0
TOTAL REVENUE $589,334

Expense Breakdown

Grants Paid $0
Salaries & Benefits $332,437
Fundraising Expenses $0
Program Expenses $421,612
Other Expenses $346,529
TOTAL EXPENSES $678,966

Year-over-Year Comparison

2024 2023 Change
Revenue $589,334 $457,167 +0.3%
Expenses $678,966 $498,723 +0.4%
Net Income $-89,632 $-41,556 +1.2%
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
18
Independent Members
18
Employees
6
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
5
$162,972
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAUREEN MCGUINNESS PRESIDENT CE 40.00
Officer
$99,850 $0 $99,850
KELLY WALLACE RECORDING SE 40.00
Officer
$63,122 $0 $63,122
DAVID ALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
BRANDON BARKER BOARD MEMBER 1.00
Director
$0 $0 $0
LEE BYRD BOARD MEMBER 1.00
Director
$0 $0 $0
JODI POWELL COBB BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER DRIVER BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFERY HAMILTON BOARD MEMBER 1.00
Director
$0 $0 $0
PAM HARRELL BOARD MEMBER 1.00
Director
$0 $0 $0
RON HESTER MEMBER SERVI 1.00
Director
$0 $0 $0
JILL HOMAM BOARD MEMBER 1.00
Director
$0 $0 $0
CALEB JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN MILLS DIRECTOR 1.00
Director
$0 $0 $0
SCOTT NUNN WORKFORCE DE 1.00
Director
$0 $0 $0
JEFF PARLIER BOARD MEMBER 1.00
Director
$0 $0 $0
JAIME PEARCE BOARD MEMBER 1.00
Director
$0 $0 $0
CHANDLIER PERNELL BOARD MEMBER 1.00
Director
$0 $0 $0
ALICIA WHITEHURST BOARD MEMBER 1.00
Director
$0 $0 $0
LAMAR ARMSTRONG CHAIRMAN 1.00
Officer
$0 $0 $0
MARK MCDONNELL BOARD CHAIR 1.00
Officer
$0 $0 $0
JOHN H SCOVIL TREASURER 1.00
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
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
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