Outer Banks Chamber of Commerce Inc (EIN 560899110) - 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

1967

Legal Domicile

Principal Officer

Karen Brown

Phone

2524418144

Tax Period

2024-01-01 to 2024-12-31

Outer Banks Chamber of Commerce Inc, founded in 1967, is a small nonprofit that reported $448K in total revenue in fiscal year 2024.

Mission

Empower the Outer Banks business community by promoting and developing economic prosperity

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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 $324,991

Program Service Revenue $123,127

Investment Income $350

Other Revenue $0

TOTAL REVENUE $448,468

Expense Breakdown

Grants Paid $250

Salaries & Benefits $270,231

Fundraising Expenses $61,442

Program Expenses $161,677

Other Expenses $184,407

TOTAL EXPENSES $454,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$448,468	$436,996	+0.0%
Expenses	$454,888	$445,932	+0.0%
Net Income	$-6,420	$-8,936	-0.3%

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

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

$100,202

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN BROWN	President	40.00	Officer	$100,202	$0	$100,202
RICHARD HESS	ExOfficio	1.00	Director	$0	$0	$0
SCOTT DEMASSE	Trustee	1.00	Director	$0	$0	$0
MELISSA HARRISON	Div Vice Chair	1.00	Director	$0	$0	$0
CAROLINE BASNIGHT	Trustee	1.00	Director	$0	$0	$0
ROBERT DEFAZIO	Chairman of the Board	1.00	Director	$0	$0	$0
MYRA LADD-BONE	ExOfficio	1.00	Officer Director	$0	$0	$0
LARRY BARKER	Trustee	1.00	Director	$0	$0	$0
JIM GILREATH	Immediate Past Chair	1.00	Officer Director	$0	$0	$0
TESS JUDGE	Treasurer	1.00	Officer Director	$0	$0	$0
THOMAS BRUCE	Div Vice Chair	1.00	Officer Director	$0	$0	$0
LYNNE MILES	Trustee	1.00	Officer Director	$0	$0	$0
NICK GRAHAM	ChairElect	1.00	Director	$0	$0	$0
BOB PEELE	Div Vice Chair	1.00	Director	$0	$0	$0
LAUREL HART	Div Vice Chair	1.00	Director	$0	$0	$0
AIDA HAVEL	Trustee	1.00	Director	$0	$0	$0
PAM ANDERSON	Trustee	1.00	Director	$0	$0	$0
MATT BYRNE	Trustee	1.00	Director	$0	$0	$0
SONYA SIKES	Trustee	1.00	Director	$0	$0	$0
HUNTER SMITHWICK	Trustee	1.00	Director	$0	$0	$0
JOHN WRIGHT	Trustee	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	$448,468	$454,888	$333,802	$-6,420
2023	$436,996	$445,932	$354,427	$-8,936
2022	$377,677	$345,410	$400,687	$32,267
2022	$85,742	$102,248	$377,334	$-16,506
2021	$364,390	$338,939	$536,862	$25,451
2020	$400,016	$395,660	$432,411	$4,356

Outer Banks Chamber of Commerce Inc