MITCHELL COUNTY CHAMBER OF COMMERCE

EIN: 560731729

SPRUCE PINE, NC

Total Revenue
$111,246
Total Expenses
$91,924
Total Assets
$91,738
Net Assets
$90,688
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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
1990
Legal Domicile
NC
Phone
8287659033
Tax Period
2024-07-01 to 2025-06-30

MITCHELL COUNTY CHAMBER OF COMMERCE, founded in 1990, is a small nonprofit that reported $111K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $19K, a strong 17% operating margin.

Mission

CHAMBER OF COMMERCE

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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 $80,806
Program Service Revenue $1,500
Investment Income $0
Other Revenue $28,940
TOTAL REVENUE $111,246

Expense Breakdown

Grants Paid $0
Salaries & Benefits $60,322
Fundraising Expenses $0
Program Expenses $71,306
Other Expenses $31,602
TOTAL EXPENSES $91,924

Year-over-Year Comparison

2024 2023 Change
Revenue $111,246 $139,109 -0.2%
Expenses $91,924 $127,311 -0.3%
Net Income $19,322 $11,798 +0.6%
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
15
Independent Members
15
Employees
8
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
2
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ETHAN FINCH TREASURER 4.00
Officer
$0 $0 $0
BETH MORRIS PRESIDENT 4.00
Officer
$0 $0 $0
PATTI JENSEN EXECUTIVE DIRECTOR 40.00
Key Emp
$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 $111,246 $91,924 $91,738 $19,322
2024 $139,108 $127,311 $72,775 $11,797
2022 $164,921 $234,587 $119,598 $-69,666
2021 $262,876 $184,334 $189,593 $78,542
2020 $186,279 $217,939 $118,551 $-31,660
2019 $236,491 $184,614 $149,124 $51,877
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