Highlands Area Chamber of Commerce Inc

EIN: 560713509

Highlands, NC

Total Revenue
$1,560,616
Total Expenses
$1,409,466
Total Assets
$1,630,458
Net Assets
$1,611,061
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NC
Principal Officer
Johanna Fein
Phone
8285265841
Tax Period
2024-07-01 to 2025-06-30

Highlands Area Chamber of Commerce Inc, founded in 1976, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 10% surplus.

Mission

We strive to enhance and promote economic vitality and quality of life in the Highlands community.

Program Service Accomplishments

Program 1

Annual Experience Guide: 25,000 copies are distributed throughout the Southeastern United States in Welcome Centers, Airports, and businesses. Local distribution is through the Highlands Welcome...

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Annual Experience Guide: 25,000 copies are distributed throughout the Southeastern United States in Welcome Centers, Airports, and businesses. Local distribution is through the Highlands Welcome Center, and local businesses. Copies of the Guide are also mailed nationwide upon request.

Program 2

Marketing for Chamber Members and other Highlands area businesses include advertisement opportunities through our annual Experience Guide, Facebook with 16,000+ followers, Instagram with nearly...

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Marketing for Chamber Members and other Highlands area businesses include advertisement opportunities through our annual Experience Guide, Facebook with 16,000+ followers, Instagram with nearly 23,000 followers, weekly Community Newsletters with a 54% open rate, monthly Visitor Newsletters with 3,700 recipients and a 63% open rate, and through our Welcome Center with nearly 5,000 annual visitors as well as our website with 4 million impressions.

Program 3

Experiential Events include a variety of free events throughout the year for residents, visitors and businesses. Events included are High Style featuring the arts from fashion to culinary and...

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Experiential Events include a variety of free events throughout the year for residents, visitors and businesses. Events included are High Style featuring the arts from fashion to culinary and everything in between, nearly 50 outdoor concerts, July 4th concert and fireworks, Highlands Heritage Jamboree celebrating local history, Halloween on Main, Light Up the Park and Main to open the holiday season, Highlands Christmas Parade and Santa in the Park as well as Leadership Highlands.

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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 $1,407,865
Program Service Revenue $140,084
Investment Income $5,899
Other Revenue $6,768
TOTAL REVENUE $1,560,616

Expense Breakdown

Grants Paid $159,705
Salaries & Benefits $390,397
Fundraising Expenses $0
Other Expenses $859,364
TOTAL EXPENSES $1,409,466

Year-over-Year Comparison

2024 2023 Change
Revenue $1,560,616 $1,616,835 0.0%
Expenses $1,409,466 $1,721,515 -0.2%
Net Income $151,150 $-104,680 -2.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
8
Volunteers
10

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
4
$96,471
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kaye McHan Executive Director 40.00
Officer
$96,471 $0 $96,471
Blye Hunsinger Chair 1.00
Officer Director
$0 $0 $0
Bryan Lewis Vice-Chair 1.00
Officer Director
$0 $0 $0
Elizabeth Swift Bennett Treasurer 2.00
Officer Director
$0 $0 $0
Tricia Cox Past Chair/Member 1.00
Director
$0 $0 $0
Shayna Bigazzi Member 0.50
Director
$0 $0 $0
Julie Upshaw Member 1.00
Director
$0 $0 $0
Leigh Hartman Member 0.50
Director
$0 $0 $0
Charlote Muir Member 0.50
Director
$0 $0 $0
Bill Bubinic Member 0.50
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 $1,560,616 $1,409,466 $1,630,458 $151,150
2024 $1,616,835 $1,721,515 $1,576,320 $-104,680
2023 $1,619,014 $1,408,432 $1,541,760 $210,582
2022 $1,592,422 $1,273,752 $1,310,841 $318,670
2021 $1,330,501 $908,905 $987,368 $421,596
2020 $897,706 $945,035 $566,387 $-47,329
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