MONTCROSS AREA CHAMBER OF COMMERCE

EIN: 560710166

BELMONT, NC

Total Revenue
$242,647
Total Expenses
$239,226
Total Assets
$44,599
Net Assets
$37,385
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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
2008
Legal Domicile
NC
Principal Officer
TED HALL
Phone
7048255307
Tax Period
2018-01-01 to 2018-12-31

MONTCROSS AREA CHAMBER OF COMMERCE, founded in 2008, is a small nonprofit that reported $243K in total revenue in fiscal year 2018. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

CHAMBER OF COMMERCE PROMOTE TRADE AND COMMERECE OF BUSINESS ACTIVIIIES IN AND AROUND THE AREA OF BELMONT, NC

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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 (2018)

Revenue Breakdown

Contributions & Grants $105,150
Program Service Revenue $137,401
Investment Income $96
Other Revenue $0
TOTAL REVENUE $242,647

Expense Breakdown

Grants Paid $0
Salaries & Benefits $156,837
Fundraising Expenses $0
Other Expenses $82,389
TOTAL EXPENSES $239,226

Year-over-Year Comparison

2018 2017 Change
Revenue $242,647 $184,261 +0.3%
Expenses $239,226 $202,494 +0.2%
Net Income $3,421 $-18,233 -1.2%
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
18
Independent Members
18
Employees
3
Volunteers
27

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
0
$0
Total Directors
1
$69,000
Key Employees
2
$77,313
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED HALL DIRECTOR 40.00
Director
$69,000 $0 $69,000
TERESA RANKIN ASST DIRECTOR 40.00
Key Emp
$46,000 $0 $46,000
ANDREA SCHRFIT ADMIN 40.00
Key Emp
$31,313 $0 $31,313
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
2018 $242,647 $239,226 $44,599 $3,421
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