Reidsville Chamber of Commerce (EIN 560735425) - Form 990 Financial Analysis & Trantor Score

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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

1956

Legal Domicile

Principal Officer

Diane R Sawyer

Phone

3363498481

Tax Period

2023-01-01 to 2023-12-31

Reidsville Chamber of Commerce, founded in 1956, is a small nonprofit that reported $303K in total revenue in fiscal year 2023.

Mission

Provide support to menbers through networking events, mentoring, business referrals, promotional opportunities, and a visitor center for the 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 (2023)

Revenue Breakdown

Contributions & Grants $151,615

Program Service Revenue $121,080

Investment Income $0

Other Revenue $30,412

TOTAL REVENUE $303,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,045

Fundraising Expenses $26,104

Program Expenses $271,813

Other Expenses $186,394

TOTAL EXPENSES $329,439

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,107	$286,698	+0.1%
Expenses	$329,439	$311,107	+0.1%
Net Income	$-26,332	$-24,409	+0.1%

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

Key Employees

$76,600

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Diane Sawyer	President	40.00	Key Emp	$76,600	$0	$76,600
Jessie Meador	Chairman	1.00	Officer	$0	$0	$0
Drew Barefoot	Chair-elect	1.00	Officer	$0	$0	$0
Robbie Citty	Past Chairman	1.00	Officer	$0	$0	$0
Kirk Smith	Treasurer	1.00	Officer	$0	$0	$0
Eden Combs	VP Business and Industry	1.00	Officer	$0	$0	$0
Judy Neal	VP Events	1.00	Officer	$0	$0	$0
Jennifer Lester	VP Governmental Affairs	1.00	Officer	$0	$0	$0
Miranda Ashley	Director	1.00	Director	$0	$0	$0
Chad Blakley	Director	1.00	Director	$0	$0	$0
Mara Caldwell	Director	1.00	Director	$0	$0	$0
Donald Carter	Director	1.00	Director	$0	$0	$0
John J R Cecil	Director	1.00	Director	$0	$0	$0
Victoria Ellis	Director	1.00	Director	$0	$0	$0
Alonda Fuller	Director	1.00	Director	$0	$0	$0
Sharon Galloway	Director	1.00	Director	$0	$0	$0
Geoffrey Haigler	Director	1.00	Director	$0	$0	$0
Dylan Moore	Director	1.00	Director	$0	$0	$0
Matthew Scearce	Director	1.00	Director	$0	$0	$0
Jeff Garstka	Director	1.00	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
2024	No data	No data	No data	No data
2023	$303,107	$329,439	$228,405	$-26,332
2022	$286,698	$311,107	$260,276	$-24,409
2021	$280,704	$270,898	$285,422	$9,806
2020	$242,493	$236,022	$282,269	$6,471

Reidsville Chamber of Commerce