GARNER CHAMBER OF COMMERCE

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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

1965

Legal Domicile

Principal Officer

MATTHEW COPPEDGE

Phone

9197726440

Tax Period

2024-01-01 to 2024-12-31

GARNER CHAMBER OF COMMERCE, founded in 1965, is a small nonprofit that reported $341K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $397K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROMOTING BUSINESS & CIVIC DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $271,668 Revenue: $234,192

PLANNING CONFERENCE ALLOWS BUSINESS AND GOVERNMENT REPS. TO DISCUSS AREAS OF COMMON INTEREST. THE ANNUAL MEETING PROVIDES MEMBERS THE OPPORTUNITY TO REVIEW THE PAST YEAR AND INSTALL NEW OFFICERS.

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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 $0

Program Service Revenue $234,192

Investment Income $935

Other Revenue $106,111

TOTAL REVENUE $341,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,916

Fundraising Expenses $0

Program Expenses $271,668

Other Expenses $173,443

TOTAL EXPENSES $397,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$341,238	$362,383	-0.1%
Expenses	$397,359	$388,494	+0.0%
Net Income	$-56,121	$-26,111	+1.1%

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

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DOUGLAS BALL	PAST CHAIR	Officer Director	$0	$0	$0
SUSAN BEAVERS	BOARD MEMBER	Director	$0	$0	$0
JUSTIN BYARS	BOARD MEMBER	Director	$0	$0	$0
JERRY COLEMAN	BOARD MEMBER	Director	$0	$0	$0
KEVIN DICK	BOARD MEMBER	Director	$0	$0	$0
JIM HARLOW	BOARD MEMBER	Director	$0	$0	$0
CURTIS ILLIG	BOARD MEMBER	Director	$0	$0	$0
NEAL ISSACS	TREASURER	Officer Director	$0	$0	$0
PIERRE MARCELLA	INCOMING CHA	Officer Director	$0	$0	$0
MELISSA OLIVER	SECRETARY	Director	$0	$0	$0
JUSTIN PARKER	BOARD MEMBER	Director	$0	$0	$0
KEVIN PAYNE	CHAIR	Officer Director	$0	$0	$0
TARKISHA POOLE	BOARD MEMBER	Director	$0	$0	$0
WILLIAM PORTER	BOARD MEMBER	Director	$0	$0	$0
ADRIAN STEPHENSON	BOARD MEMBER	Director	$0	$0	$0
TIM WALKER	BOARD MEMBER	Officer Director	$0	$0	$0
KAREN WEAVER	BOARD MEMBER	Director	$0	$0	$0
YOMARY WILDER	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$341,238	$397,359	$252,756	$-56,121
2023	$362,383	$388,494	$308,877	$-26,111
2022	$55,162	$118,547	$334,988	$-63,385
2021	$398,396	$298,901	$466,780	$99,495
2020	$402,105	$440,171	$486,783	$-38,066
2019	$433,925	$442,779	$571,061	$-8,854
2018	$389,269	$375,620	$499,140	$13,649