MCDOWELL CHAMBER OF COMMERCE

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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

Tax Period

2023-01-01 to 2023-12-31

MCDOWELL CHAMBER OF COMMERCE, founded in 1957, is a small nonprofit in the Community Improvement sector that reported $432K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $411K left a modest 5% surplus.

Mission

THE ORGANIZATIONS MISSION IS TO ACHIEVE THE OBJECTIVES OF PROMOTING BUSINESS AND COMMUNITY DEVELOPMENT AND PRESERVING THE COMPETITIVE ENTERPRISE SYSTEM OF BUSINESS WITHIN MCDOWELL COUNTY.

Program Service Accomplishments

Program 1

Expenses: $410,556 Revenue: $431,949

TO PROMOTE THE GROWTH AND DEVELOPMENT OF RETAIL TRADE AND INDUSTRY THROUGH SERVICES PROVIDED TO MEMBERS, DEVELOPMENT OF VOLUNTEER NETWORKS, AND LOCAL GOVERNMENT RELATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $358,261

Program Service Revenue $66,868

Investment Income $269

Other Revenue $6,551

TOTAL REVENUE $431,949

Expense Breakdown

Grants Paid $9,039

Salaries & Benefits $187,947

Fundraising Expenses $0

Program Expenses $410,556

Other Expenses $213,570

TOTAL EXPENSES $410,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$431,949	$369,358	+0.2%
Expenses	$410,556	$363,198	+0.1%
Net Income	$21,393	$6,160	+2.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON MCDOUGALD	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA JENNINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIELLE STILWELL	CHAIRPERSON	1.00	Director	$0	$0	$0
KEN KOESTERS	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY VALENTINO	BOARD MEMBER	0.00	Director	$0	$0	$0
SHANNON ODOM	BOARD MEMBER	0.00	Director	$0	$0	$0
FREDDIE KILLOUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARITA RAMIREZ	VICE CHAIR	1.00	Director	$0	$0	$0
JEANNIE CONNER	BOARD MEMBER	1.00	Director	$0	$0	$0
ARTHUR PARKS	PAST CHAIR	1.00	Director	$0	$0	$0
EMILY CAUSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE EVANS	BOARD CHAIR	1.00	Director	$0	$0	$0
WESLEY SHELLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHUCK ABERNATHY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE S TWITTY	PAST CHAIR	1.00	Director	$0	$0	$0
KIM EFFLER	EXEC DIRECTOR	40.00	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	No data	No data	No data	No data
2023	$431,949	$410,556	$550,202	$21,393
2022	$369,358	$363,198	$531,237	$6,160
2021	$299,841	$344,036	$497,610	$-44,195
2020	$319,409	$335,855	$540,728	$-16,446
2019	$278,786	$297,476	$540,797	$-18,690
2018	$282,478	$249,712	$559,487	$32,766