Mooresville-South Iredell Chamber of Commerce (EIN 560578942) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

Kirk Ballard

Phone

7046643898

Tax Period

2024-01-01 to 2024-12-31

Mooresville-South Iredell Chamber of Commerce is a small nonprofit that reported $392K in total revenue in fiscal year 2024.

Mission

Proactive Business and community organization committed to providing education and support dedicated to economic success and quality of life through out the greater

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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 (2024)

Revenue Breakdown

Contributions & Grants $256,872

Program Service Revenue $102,058

Investment Income $9,145

Other Revenue $24,300

TOTAL REVENUE $392,375

Expense Breakdown

Grants Paid $0

Salaries & Benefits $267,761

Fundraising Expenses $74,634

Program Expenses $39,126

Other Expenses $156,894

TOTAL EXPENSES $424,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$392,375	$390,118	+0.0%
Expenses	$424,655	$391,840	+0.1%
Net Income	$-32,280	$-1,722	+17.7%

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

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

$138,440

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kirk Ballard	President	40.00	Officer	$138,440	$0	$138,440
Susan Blackwelder	VC of Finance	3.00	Officer Director	$0	$0	$0
Dan Breuer	Chairman	3.00	Officer Director	$0	$0	$0
Michael Cook	VC Development	3.00	Officer Director	$0	$0	$0
Chris Montgomery	VC Marketing	3.00	Officer Director	$0	$0	$0
Myron Gough	VC Public	3.00	Officer Director	$0	$0	$0
John Dodson	VC Membership	3.00	Officer Director	$0	$0	$0
Grant Shoe	VC of Economic	3.00	Officer Director	$0	$0	$0
Bill Thunberg	VC Business	3.00	Officer Director	$0	$0	$0
Brad Harvey	Past Chairman	3.00	Director	$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	$392,375	$424,655	$749,411	$-32,280
2023	$390,118	$391,840	$781,691	$-1,722
2022	$387,585	$382,060	$783,413	$5,525
2021	$376,684	$352,782	$777,888	$23,902
2020	$401,775	$393,024	$754,902	$8,751
2019	$465,985	$421,167	$748,581	$44,818
2018	$503,350	$501,964	$706,490	$1,386

Mooresville-South Iredell Chamber of Commerce