Rutherford County Chamber of Commerce Inc

EIN: 560613451

Forest City, NC

Total Revenue
$248,339
Total Expenses
$204,821
Total Assets
$191,166
Net Assets
$191,166
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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
1957
Legal Domicile
NC
Phone
8284473063
Tax Period
2024-07-01 to 2025-06-30

Rutherford County Chamber of Commerce Inc, founded in 1957, is a small nonprofit that reported $248K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $44K, a strong 18% operating margin.

Mission

Helping to create and maintain a healthy business environment which will enhance prosperity and improve the quality of life in Rutherford County

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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 $244,511
Program Service Revenue $0
Investment Income $3,828
Other Revenue $0
TOTAL REVENUE $248,339

Expense Breakdown

Grants Paid $12,500
Salaries & Benefits $104,893
Fundraising Expenses $0
Program Expenses $169,146
Other Expenses $87,428
TOTAL EXPENSES $204,821

Year-over-Year Comparison

2024 2023 Change
Revenue $248,339 $226,519 +0.1%
Expenses $204,821 $182,104 +0.1%
Net Income $43,518 $44,415 0.0%
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
2
Independent Members
N/A
Employees
3
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
1
$69,150
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cindy Cobb Executive Dir. 40.00
Officer
$69,150 $0 $69,150
Craig Debrew Chairman 2.00
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
2025 $248,339 $204,821 $191,166 $43,518
2024 $226,519 $182,104 $147,648 $44,415
2021 $138,876 $132,589 $126,368 $6,287
2019 $109,751 $158,547 $57,298 $-48,796
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