Yancey CountyBurnsville Chamber of Commerce

EIN: 561153002

Burnsville, NC

Total Revenue
$488,061
Total Expenses
$487,779
Total Assets
$313,285
Net Assets
$313,285
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NC
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

Empowering members through education, advocacy, and partnership.

Program Service Accomplishments

Program 1
Expenses: $451,989 Revenue: $7,782

Business Builders Breakfasts: The Yancey County Chamber of Commerces Business Builders Breakfasts are a monthly networking and educational event designed to support local businesses. Co-sponsored by...

Read more

Business Builders Breakfasts: The Yancey County Chamber of Commerces Business Builders Breakfasts are a monthly networking and educational event designed to support local businesses. Co-sponsored by Mayland Community Colleges Small Business Center and the Yancey Chamber, the events feature speakers discussing timely community issues affecting the community. Education sessions are included on pertinent topics such as corporate development and taxes. Attendees benefit from a pre-program networking opportunity, fostering connections and business relationships building among local professionals.

Program 2

Yancey Chamber After Hours: The Yancey County Chamber of Commerces Business After Hours are premier networking gatherings held at various local businesses througout the county. These events offer...

Read more

Yancey Chamber After Hours: The Yancey County Chamber of Commerces Business After Hours are premier networking gatherings held at various local businesses througout the county. These events offer Chamber members and local professionals the opportunity to connect, collaborate, and build relationships in a relaxed, after-work setting. Attendees also enjoy refreshments, explore host venues, and engage in meaningful conversations that foster community and business growth. Each event showcases a different local business, providing insights into their operations and contribtuions to the community. With ten events hosted annually, Business After Hours serves as a cornerstone for professional networking and community engagement in Yancey County. Leadership Yancey: Leadership Yancey County is a seven-month leadership development program organized by the Yancey County Chamber of Commerce. Through monthly sessions, participants explore key sectors such as education, industry, health, and human services, small business, tourism, parks and recreation, agriculture, and local government. The program includes site visits and interactive learning experiences designed to deepen understanding of the countys assets and challenges. With a $200 fee covering meals, transportation, and material, Leadership Yancey equips emerging leaders with the knowledge and connections needed to shape the communitys future.

Program 3

Remote Workers Exchange: The Yancey County Chamber of Commerces Remote Worker Exchange events provide a welcoming space for remote professionals to connect, socialize, and expand the business...

Read more

Remote Workers Exchange: The Yancey County Chamber of Commerces Remote Worker Exchange events provide a welcoming space for remote professionals to connect, socialize, and expand the business community in Yancey County. Hosted at the local Chamber-member venues, these gatherings offer a relaxed atmosphere with beverages and appetizers, encouraging attendees to forget meaningful relationships and support local businesses. Sponsored by the Chamber of Commerce and Yancey County Economic Development, the initiative strengthens ties between remote workers and the broader business community, fostering collaboration and economic growth in the region.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
50

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
$56,439
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Yancey CountyBurnsville Chamber of Commerce with other nonprofits in North Carolina and across the country.