MOUNT AIRY CHAMBER OF COMMERCE INC

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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

1959

Legal Domicile

Principal Officer

WARREN RANDY COLLINS

Phone

3367866116

Tax Period

2024-01-01 to 2024-12-31

MOUNT AIRY CHAMBER OF COMMERCE INC, founded in 1959, is a small nonprofit that reported $592K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO ADVANCE, PROMOTE AND ENCOURAGE SUCCESSFUL BUSINESS GROWTH FOR OUR MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $135,415 Revenue: $268,025

THE ANNUAL AUTUMN LEAVES FESTIVAL IS SOLELY OWNED BY THE GREATER MOUNT AIRY CHAMBER OF COMMERCE AND WAS CREATED AS A REVENUE STREAM FOR THE CHAMBER OF COMMERCE AND TO HELP OUR LOCAL BUSINESSES AND...

THE ANNUAL AUTUMN LEAVES FESTIVAL IS SOLELY OWNED BY THE GREATER MOUNT AIRY CHAMBER OF COMMERCE AND WAS CREATED AS A REVENUE STREAM FOR THE CHAMBER OF COMMERCE AND TO HELP OUR LOCAL BUSINESSES AND OUR LOCAL NON-PROFIT PARTNERS. THIS THREE DAY STREET FESTIVAL IS ALWAYS HELD ON THE SECOND FULL WEEKEND IN OCTOBER. WITH OVER 200 ARTISTS/CRAFTSMEN AND OVER 25 LOCAL NON-PROFIT FOOD VENDORS THIS FESTIVAL ATTRACTS THOUSANDS TO THE HEART OF DOWNTOWN MOUNT AIRY EACH OCTOBER AND IS A BIG BOOST TO THE ECONOMIC HEALTH OF OUR COMMUNITY. THE BENEFIT IS MUCH LARGER AND WIDE SPREAD THAN JUST THE GREATER MOUNT AIRY CHAMBER OF COMMERCE IT IS COMMUNITY WIDE.

Program 2

Expenses: $7,380 Revenue: $9,730

THE CHAIRMAN'S CUP GOLF TOURNAMENT IS AN ANNUAL ONE DAY LOCAL EVENT THAT ALLOWS BUSINESSES TO ENTERTAIN THEIR CLIENTS, REWARD THEIR EMPLOYEES AND/OR TO SOCIALIZE WITH OTHER BUSINESSES WITH AN...

THE CHAIRMAN'S CUP GOLF TOURNAMENT IS AN ANNUAL ONE DAY LOCAL EVENT THAT ALLOWS BUSINESSES TO ENTERTAIN THEIR CLIENTS, REWARD THEIR EMPLOYEES AND/OR TO SOCIALIZE WITH OTHER BUSINESSES WITH AN AFTERNOON OF RECREATION ON THE GOLF COURSE. SPONSORSHIP PACKAGES ARE AVAILABLE FOR THOSE BUSINESSES TO ADVERTISE THEIR COMPANY WHILE PLAYING GOLF TO THE OTHER PLAYERS AND TEAMS.

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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 $161,184

Program Service Revenue $418,222

Investment Income $12,621

Other Revenue $0

TOTAL REVENUE $592,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,845

Fundraising Expenses $0

Program Expenses $272,452

Other Expenses $380,442

TOTAL EXPENSES $578,287

Year-over-Year Comparison

	2024	2023	Change
Revenue	$592,027	$531,222	+0.1%
Expenses	$578,287	$585,767	0.0%
Net Income	$13,740	$-54,545	-1.3%

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

103

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

$60,802

Total Directors

$14,951

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIE HAMLIN	DIRECTOR	1.00	Director	$0	$0	$0
LENISE LYNCH	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
DR CANDACE HOLDER	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
RALEIGH SCALES	TREASURER	3.00	Officer Director	$0	$0	$0
RYLEE GILES	DIRECTOR	1.00	Director	$0	$0	$0
TODD ENNIS	DIRECTOR	1.00	Director	$0	$0	$0
JOE ZALESCIK	DIRECTOR	1.00	Director	$0	$0	$0
RICHIE PARKER	DIRECTOR	1.00	Director	$0	$0	$0
ROBBIE GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
TONDA PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
DR PHILLIP BROWN	EX-OFFICIO	1.00	Director	$0	$0	$0
DR TRAVIS REEVES	EX-OFFICIO	1.00	Director	$0	$0	$0
HALL ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA FRETWELL	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA ROBERTS	EX-OFFICIO	1.00	Director	$0	$0	$0
DARREN LEWIS	EX-OFFICIO	1.00	Director	$0	$0	$0
BLAKE MOYER	EX-OFFICIO	1.00	Director	$0	$0	$0
STEVE YOKELEY	DIRECTOR	1.00	Director	$14,951	$0	$14,951
CHAD TIDD	VICE CHAIR	1.00	Director	$0	$0	$0
PETER RAYMER	DIRECTOR	1.00	Director	$0	$0	$0
WENDY WOOD	CHAIR	6.00	Officer Director	$0	$0	$0
CHRIS KNOPF	EX-OFFICIO	1.00	Director	$0	$0	$0
TAYLOR YOUNGER	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA HIATT	DIRECTOR	1.00	Director	$0	$0	$0
ASHLY LANCASTER	PRESIDENT & CEO	40.00	Officer	$25,012	$0	$25,012
RENAE SHAFFER	FINANCE DIRECTOR	40.00	Officer	$35,790	$0	$35,790

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	$592,027	$578,287	$285,091	$13,740
2023	$531,222	$585,767	$286,305	$-54,545
2022	$459,624	$499,926	$361,877	$-40,302
2021	$489,338	$418,749	$436,272	$70,589
2020	$286,526	$342,621	$345,949	$-56,095
2020	$247,850	$342,621	$307,273	$-94,771