CHAPEL HILL-CARRBORO CHAMBER OF COMMERCE (EIN 560798467) - 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

1978

Legal Domicile

Principal Officer

AARON NELSON

Phone

9199677075

Tax Period

2024-01-01 to 2024-12-31

CHAPEL HILL-CARRBORO CHAMBER OF COMMERCE, founded in 1978, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 5% surplus.

Mission

WE SERVE AND ADVANCE LOCAL BUSINESS INTERESTS AND BUILD A RESILIENT COMMUNITY WHERE BUSINESS THRIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $303,781

Program Service Revenue $998,029

Investment Income $5,954

Other Revenue $198,245

TOTAL REVENUE $1,506,009

Expense Breakdown

Grants Paid $90,000

Salaries & Benefits $875,964

Fundraising Expenses $0

Other Expenses $467,148

TOTAL EXPENSES $1,433,112

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,506,009	$1,388,418	+0.1%
Expenses	$1,433,112	$1,372,293	+0.0%
Net Income	$72,897	$16,125	+3.5%

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

200

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

$267,838

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON NELSON NV	PRESIDENT/CEO & SECRETARY	45.00	Officer	$241,768	$26,070	$267,838
DAN LEHMAN	CHAIR	2.00	Officer Director	$0	$0	$0
BETSY HARRIS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LORI DOHERTY	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
SWETA ADKIN	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT SAUNDERS NV	GENERAL COUNSEL	1.00	Director	$0	$0	$0
ELIE ABOU-RJEILEH	DIRECTOR	1.00	Director	$0	$0	$0
JES ANDERSON NV	DIRECTOR	1.00	Director	$0	$0	$0
MANISH ATMA	DIRECTOR	1.00	Director	$0	$0	$0
JES AVERHART	DIRECTOR	1.00	Director	$0	$0	$0
DONNA BELL	DIRECTOR	1.00	Director	$0	$0	$0
LA-TASHA BEST-GADDY	DIRECTOR	1.00	Director	$0	$0	$0
CREIGHTON BLACKWELL	DIRECTOR	2.00	Director	$0	$0	$0
TIM DALTON	DIRECTOR	1.00	Director	$0	$0	$0
GREG FITCH	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA FOUSHEE NV	DIRECTOR	1.00	Director	$0	$0	$0
RORY GILLIS	DIRECTOR	1.00	Director	$0	$0	$0
NYAH HAMLETT	DIRECTOR	1.00	Director	$0	$0	$0
KELLY HOLCOMBE	DIRECTOR	1.00	Director	$0	$0	$0
JOEL LEVY	DIRECTOR	1.00	Director	$0	$0	$0
GREG LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MAITLAND	DIRECTOR	1.00	Director	$0	$0	$0
LYDIA MASON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MCCLURE	DIRECTOR	1.00	Director	$0	$0	$0
EARL MCKEE NV	DIRECTOR	1.00	Director	$0	$0	$0
JIM MCNEELY	DIRECTOR	1.00	Director	$0	$0	$0
POONAM NANDANI	DIRECTOR	1.00	Director	$0	$0	$0
TOLA OGUNTOYINBO	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER PLAYER	DIRECTOR	2.00	Director	$0	$0	$0
ELIAZAR POSADA	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE RIGGSBEE	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN RIVERS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
WES ROWE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN STEWART	DIRECTOR	1.00	Director	$0	$0	$0
JULIA WRIGHT	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	$1,506,009	$1,433,112	$630,249	$72,897
2023	$1,388,418	$1,372,293	$617,007	$16,125
2022	$1,019,842	$1,170,691	$626,702	$-150,849
2021	$1,087,187	$1,056,386	$791,472	$30,801
2020	$1,150,277	$1,001,434	$741,367	$148,843
2019	$1,081,375	$1,104,536	$498,564	$-23,161
2018	$1,168,702	$1,138,603	$483,995	$30,099

CHAPEL HILL-CARRBORO CHAMBER OF COMMERCE