BOONE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BOONE AREA CHAMBER OF COMMERCE, founded in 1949, is a small nonprofit in the Community Improvement sector that reported $675K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $745K exceeded revenue, resulting in a 10% operating deficit.
TO ADVANCE ECONOMIC PROSPERITY AND TO ENCOURAGE PUBLIC/PRIVATE COOPERATION THAT WILL BROADEN THE ECONOMIC BASE AND ENHANCE THE QUALITY OF LIFE IN THE LOCAL COMMUNITY.
WATAUGA LEADERSHIP: TO IMPLEMENT A LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO MEET THE HIGH COUNTRYS NEED FOR THE ACTIVE PARTICIPATION OF INFORMED AND EDUCATED LEADERS. PROGRAM SERVICE IS...
WATAUGA LEADERSHIP: TO IMPLEMENT A LEADERSHIP DEVELOPMENT PROGRAM DESIGNED TO MEET THE HIGH COUNTRYS NEED FOR THE ACTIVE PARTICIPATION OF INFORMED AND EDUCATED LEADERS. PROGRAM SERVICE IS ACCOMPLISHED BY 1)IDENTIFYING POTENTIAL LEADERS AND PROVIDING THEM WITH THE RESOURCES NEEDED TO SPUR LOCAL ACTION AND INVOLVEMENT 2)PROVIDING PARTICIPANTS OF THE PROGRAM WITH OPPORTUNITIES TO APPLY THEIR TALENTS THROUGHOUT THE COMMUNITY AND 3)USE RESOURCES TO CONTINUE TO DESIGN AND EVOLVE THE PROGRAM.
MEMBERSHIP SERVICES: TO PROMOTE THE BENEFITS OF CHAMBER MEMBERSHIP THROUGHOUT THE BUSINESS AND PROFESSIONAL COMMUNITY. THIS IS ACCOMPLISHED BY DEVELOPING AND IMPLEMENTING A COMPREHENSIVE ONGOING...
MEMBERSHIP SERVICES: TO PROMOTE THE BENEFITS OF CHAMBER MEMBERSHIP THROUGHOUT THE BUSINESS AND PROFESSIONAL COMMUNITY. THIS IS ACCOMPLISHED BY DEVELOPING AND IMPLEMENTING A COMPREHENSIVE ONGOING MEMBERSHIP PROGRAM WITH THE GOAL OF BUILDING AWARENESS, EDUCATING, AND MOTIVATING FOR THE PURPOSE OF RECRUITING AND RETAINING MEMBERS.
BUSINESS DEVELOPMENT: TO USE MEMBER EXPERTISE AND RESOURCES IN THE SUPPORT OF EXISTING BUSINESS GROWTH AND PROSPERITY AND TO ASSIST ENTREPRENUERS AND COMPANIES SEEKING TO EXPAND/RELOCATE TO THE HIGH...
BUSINESS DEVELOPMENT: TO USE MEMBER EXPERTISE AND RESOURCES IN THE SUPPORT OF EXISTING BUSINESS GROWTH AND PROSPERITY AND TO ASSIST ENTREPRENUERS AND COMPANIES SEEKING TO EXPAND/RELOCATE TO THE HIGH COUNTRY. PROGRAM SERVICE IS ACCOMPLISHED BY 1)INITIATING PROGRAMS AND SERVICES TARGETED TO THE ADVANCEMENT OF SMALL BUSINESS 2)PARTICIPATING IN COMMUNITY-BASED BUSINESS COUNCILS TO PROVIDE VALUE-ADDED LOCAL SERVICES 3)ACTING AS A REFERRAL/DISTRIBUTION/COMMUNICATION SOURCE OF BUSINESS-BENEFICIAL INFORMATION 4)PARTNERING WITH TOURISM PROMOTION ORGANIZATIONS IN THE DEVELOPMENT OF THE HIGH COUNTRY AS A MAJOR TOURIST DESTINATION AND 5) PARTERNING WITH LOCAL REGIONAL WORKFORCE DEVELOPMENT ORGANIZATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $675,152 | $558,504 | +0.2% |
| Expenses | $745,035 | $634,354 | +0.2% |
| Net Income | $-69,883 | $-75,850 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HEIDI RAGAN | EXECUTIVE COMMITTEE- AT-LARGE | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TALIA FREEMAN | EXECUTIVE COMMITTEE- CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK GOULD | EXECUTIVE COMMITTEE- CHAIR ELECT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOE NASH | EXECUTIVE COMMITTEE- TREASURER | 2.00 |
Director
|
$0 | $0 | $0 |
| YOLANDA ADAMS | DIRECTOR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARRIE AFANADOR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SHIRLEY ALEXANDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TARA BROSSA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR TIFFANY CHRISTIAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR HARRY DAVIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTY GOTTFRIED | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM HAMILTON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANGELA HEAVNER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| HAL HOOD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NATHANIEL JOHNSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRENT KEITH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANGUS LAMOND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL MAYBEE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIELLE NEIBAUR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR MARK POARCH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KINDSAY REEDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR TIERRA STARK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SETH SULLIVAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| OMER TOMLINSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AMANDA WHITE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR JASON XIONG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID JACKSON | PRESIDENT & CEO | 40.00 |
Officer
|
$80,262 | $0 | $80,262 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $675,152 | $745,035 | $329,073 | $-69,883 |
| 2023 | $558,504 | $634,354 | $378,135 | $-75,850 |
| 2022 | $615,842 | $519,319 | $461,433 | $96,523 |
| 2021 | $491,618 | $437,183 | $390,123 | $54,435 |
Compare BOONE AREA CHAMBER OF COMMERCE with other nonprofits in North Carolina and across the country.