Yancey CountyBurnsville Chamber of Commerce (EIN 561153002) - 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

1978

Legal Domicile

Phone

8286827413

Tax Period

2023-01-01 to 2023-12-31

Yancey CountyBurnsville Chamber of Commerce, founded in 1978, is a small nonprofit that reported $488K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

The mission of the Burnsville-Yancey County Chamber of Commerce is empowering members through education, advocacy, and partnership.

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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 (2023)

Revenue Breakdown

Contributions & Grants $338,421

Program Service Revenue $139,578

Investment Income $54

Other Revenue $10,008

TOTAL REVENUE $488,061

Expense Breakdown

Grants Paid $24,875

Salaries & Benefits $85,483

Fundraising Expenses $10,927

Program Expenses $451,989

Other Expenses $377,421

TOTAL EXPENSES $487,779

Year-over-Year Comparison

	2023	2022	Change
Revenue	$488,061	$445,170	+0.1%
Expenses	$487,779	$397,449	+0.2%
Net Income	$282	$47,721	-1.0%

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

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

$56,439

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christine Kay Wood	Executive Director	40.00	Officer	$49,202	$7,237	$56,439
Kem Muller	President	1.00	Officer Director	$0	$0	$0
April Grindstaff	President Elect	1.00	Officer Director	$0	$0	$0
Mark Bayliff	Treasurer	1.00	Officer Director	$0	$0	$0
Santana Wright	Secretary	1.00	Officer Director	$0	$0	$0
Susan Buchanan	Board Member	0.50	Director	$0	$0	$0
N/A	Board Member	0.50	Director	$0	$0	$0
Kavita Hardy	Board Member	0.50	Director	$0	$0	$0
Jamie McMahan	Board Member	0.50	Director	$0	$0	$0
Renee Tomberlin	Board Member	0.50	Director	$0	$0	$0
Joyce Watts	Board Member	0.50	Director	$0	$0	$0
Karl Weaver	Board Member	0.50	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
2023	$488,061	$487,779	$313,285	$282
2022	$445,170	$397,449	$313,089	$47,721
2021	$377,072	$289,075	$277,438	$87,997
2020	$207,702	$222,792	$179,573	$-15,090
2019	$195,733	$187,814	$197,652	$7,919
2018	$190,653	$189,911	$187,955	$742

Yancey CountyBurnsville Chamber of Commerce