CLAYTON CHAMBER OF COMMERCE

EIN: 560900962

CLAYTON, NC

Total Revenue
$488,538
Total Expenses
$506,571
Total Assets
$350,214
Net Assets
$197,596
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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
NC
Principal Officer
DANA B WOOTEN
Phone
9195536352
Tax Period
2024-01-01 to 2024-12-31

CLAYTON CHAMBER OF COMMERCE, founded in 1967, is a small nonprofit that reported $489K in total revenue in fiscal year 2024.

Mission

CLAYTON CHAMBER OF COMMERCE IS A NONPROFIT ORGANIZATION FOCUSED ON THE ECONOMIC ADVANCEMENT OF THE BUSINESSES THAT INVEST IN OUR MISSION. OUR MISSION IS TO: ADVANCE BUSINESS DEVELOPMENT, ELEVATE OPPORTUNITIES & INFLUENCE THE FUTURE OF THE CLAYTON AREA.

Program Service Accomplishments

Program 1
Expenses: $469,750 Revenue: $316,837

PROMOTION OF BUSINESSES AND QUALITY OF BUSINESS IN THE GREATER CLAYTON AREA THROUGH AFTER HOURS MEETINGS, BREAKFAST MEETINGS, SOCIAL MEDIA AND BUSINESS RELATED SEMINARS.

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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 $0
Program Service Revenue $258,461
Investment Income $201
Other Revenue $229,876
TOTAL REVENUE $488,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $349,025
Fundraising Expenses $0
Program Expenses $469,750
Other Expenses $157,546
TOTAL EXPENSES $506,571

Year-over-Year Comparison

2024 2023 Change
Revenue $488,538 $513,301 0.0%
Expenses $506,571 $473,278 +0.1%
Net Income $-18,033 $40,023 -1.5%
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

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Governance

Voting Members
19
Independent Members
19
Employees
5
Volunteers
13

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
5
$102,111
Total Directors
16
$102,111
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TARA ABERNATHY DIRECTOR 2.00
Director
$0 $0 $0
DOUGLAS MCCLENTIC DIRECTOR 2.00
Director
$0 $0 $0
RICH CAPPOLA DIRECTOR 2.00
Director
$0 $0 $0
MELISSA OVERTON DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL PAGLIOCCA DIRECTOR 2.00
Director
$0 $0 $0
LORI DENHAM TREASURER 2.00
Officer Director
$0 $0 $0
CARRIE HOBROUGH DIRECTOR 2.00
Director
$0 $0 $0
BRIAN STOKER DIRECTOR 2.00
Director
$0 $0 $0
EVELYN SANDERS VICE CHAIR 2.00
Officer Director
$0 $0 $0
KYLE MCDERMOTT CHAIR 2.00
Officer Director
$0 $0 $0
MICHAEL STRAUSS DIRECTOR 2.00
Director
$0 $0 $0
DANA WOOTEN PRESIDENT/CEO 40.00
Officer Director
$102,111 $0 $102,111
ANGELINA CORROO PAST CHAIR 2.00
Officer Director
$0 $0 $0
BRAD PALMER DIRECTOR 2.00
Director
$0 $0 $0
GABRIELLA TERRY DIRECTOR 2.00
Director
$0 $0 $0
BERNICE REYNOLDS DIRECTOR 2.00
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 $488,538 $506,571 $350,214 $-18,033
2023 $513,301 $473,278 $365,941 $40,023
2022 $376,595 $399,692 $340,325 $-23,097
2021 $379,332 $325,299 $354,292 $54,033
2020 $323,410 $316,336 $297,059 $7,074
2019 $316,259 $345,753 $177,540 $-29,494
2018 $312,901 $300,928 $185,290 $11,973
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