KERNERSVILLE CHAMBER OF COMMERCE

EIN: 560934946

KERNERSVILLE, NC

Total Revenue
$484,492
Total Expenses
$544,668
Total Assets
$221,734
Net Assets
$217,808
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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
1968
Legal Domicile
NC
Principal Officer
CHRISTINE COMER
Phone
3369934521
Tax Period
2023-01-01 to 2023-12-31

KERNERSVILLE CHAMBER OF COMMERCE, founded in 1968, is a small nonprofit that reported $484K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $545K exceeded revenue, resulting in a 12% operating deficit.

Mission

ORGANIZATION OF BUSINESSES AND PROFESSIONALS WORKING TOGETHER TO PROMOTE THE ECONOMIC PROGRESS OF OUR 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $398,408
Program Service Revenue $52,353
Investment Income $7,686
Other Revenue $26,045
TOTAL REVENUE $484,492

Expense Breakdown

Grants Paid $8,164
Salaries & Benefits $294,952
Fundraising Expenses $0
Other Expenses $241,552
TOTAL EXPENSES $544,668

Year-over-Year Comparison

2023 2022 Change
Revenue $484,492 $530,576 -0.1%
Expenses $544,668 $537,223 +0.0%
Net Income $-60,176 $-6,647 +8.1%
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

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Governance

Voting Members
14
Independent Members
14
Employees
6
Volunteers
220

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
3
$105,974
Total Directors
15
$105,974
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE COMER PRESIDENT/CE 40.00
Officer Director
$100,975 $4,999 $105,974
LAURA ALAMILLO VICE CHAIR O N/A
Director
$0 $0 $0
CHIEF SCOTT ALDERMAN DIRECTOR N/A
Director
$0 $0 $0
KATE ALLRED DIRECTOR N/A
Director
$0 $0 $0
NATALIE BABSON SECRETARY N/A
Officer Director
$0 $0 $0
MOLLY BARBER TREASURER N/A
Officer Director
$0 $0 $0
CHRIS BOOTH DIRECTOR N/A
Director
$0 $0 $0
DANA CAUDILL-JONES DIRECTOR N/A
Director
$0 $0 $0
TAMMY COULTER 1ST VICE CHA N/A
Director
$0 $0 $0
JIMMY FLYTHE CHAIRPERSON N/A
Director
$0 $0 $0
DR MISHI JACKSON 3RD VICE CHA N/A
Director
$0 $0 $0
RYAN MCGIRR DIRECTOR N/A
Director
$0 $0 $0
JOE ORENSTEIN PAST CHAIRPE N/A
Director
$0 $0 $0
LARRY REDFEARN DIRECTOR N/A
Director
$0 $0 $0
RISHADO ROBINSON 2ND VICE CHA N/A
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 $484,492 $544,668 $221,734 $-60,176
2022 $530,576 $537,223 $279,901 $-6,647
2021 $437,494 $509,814 $289,260 $-72,320
2020 $392,976 $377,475 $357,919 $15,501
2019 $504,214 $487,624 $342,193 $16,590
2018 $507,007 $489,990 $326,298 $17,017
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