MONTCROSS AREA 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

2008

Legal Domicile

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

Program Service Accomplishments

Program 1

THE ENTITY PROMOTES COMMERECE AND TRADE IN AND AROUND BELMONT, NC THORUGH COORDINATION OF MERCHANT ACTIVITIES INCLUDING TRADE SHOWS, EDUCATIONAL SEMINARS, NETWORKING EVENTS AND PROMOTION OF COMMUNITY...

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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 (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

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

Total Directors

$69,000

Key Employees

$77,313

Highest Compensated

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