GREATER HAVELOCK AREA CHAMBER OF COMMERCE INC (EIN 560991286) - 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

1971

Legal Domicile

Principal Officer

Kim Rice Smith

Tax Period

2020-07-01 to 2021-06-30

GREATER HAVELOCK AREA CHAMBER OF COMMERCE INC, founded in 1971, is a small nonprofit that reported $108K in total revenue in fiscal year 2020. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $29K, a strong 27% operating margin.

Mission

Promote Business Growth In Havelock

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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 (2020)

Revenue Breakdown

Contributions & Grants $81,329

Program Service Revenue $11,625

Investment Income $0

Other Revenue $14,867

TOTAL REVENUE $107,821

Expense Breakdown

Grants Paid $2,300

Salaries & Benefits $50,008

Fundraising Expenses $0

Program Expenses $2,889

Other Expenses $26,750

TOTAL EXPENSES $79,058

Year-over-Year Comparison

	2020	2019	Change
Revenue	$107,821	$81,150	+0.3%
Expenses	$79,058	$54,245	+0.5%
Net Income	$28,763	$26,905	+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

N/A

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

Total Directors

Key Employees

$38,711

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Rice Smith	Chairperson	10	Officer	$0	$0	$0
Mary Eastman	Vice Chair	10	Officer	$0	$0	$0
Terri Sharp	Secretary	10	Officer	$0	$0	$0
Lori Glass	Treasurer	10	Officer	$0	$0	$0
Kenneth Dimpse	Director	5	Director	$0	$0	$0
Megan McGarvey	Director	5	Director	$0	$0	$0
Gary Baldree	Director	5	Director	$0	$0	$0
Bruce Fortin	Director	5	Director	$0	$0	$0
Bob Warren	Director	5	Director	$0	$0	$0
Dr Raymond Sta	Ex-Officio	5	Director	$0	$0	$0
Frank Botorff	Ex-Officio	5	Director	$0	$0	$0
Rhonda Murray	Ex-Officio	5	Director	$0	$0	$0
Dr Megan Doyle	Ex-Officio	5	Director	$0	$0	$0
Jeff Wood	Ex-Officio	5	Director	$0	$0	$0
Erin Knight	Ex-Director	40	Key Emp	$38,711	$0	$38,711

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
2021	$107,821	$79,058	$81,326	$28,763
2020	$81,150	$54,245	$47,673	$26,905
2019	$99,410	$80,553	$34,299	$18,857

GREATER HAVELOCK AREA CHAMBER OF COMMERCE INC