Brunswick County Chamber of Commerce (EIN 561181498) - 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

1976

Legal Domicile

Phone

9107546644

Tax Period

2023-01-01 to 2023-12-31

Brunswick County Chamber of Commerce, founded in 1976, is a small nonprofit that reported $336K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $497K exceeded revenue, resulting in a 48% operating deficit.

Mission

TO PROMOTE TOURISM AND LOCAL BUSINESSES IN BRUNSWICK COUNTY, NORTH CAROLINA

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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 $167,474

Program Service Revenue $29,888

Investment Income $99

Other Revenue $139,025

TOTAL REVENUE $336,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,872

Fundraising Expenses $0

Program Expenses $26,629

Other Expenses $272,006

TOTAL EXPENSES $497,414

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,486	$291,477	+0.2%
Expenses	$497,414	$343,909	+0.4%
Net Income	$-160,928	$-52,432	+2.1%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HUTNIK	CHAIRMAN	1.00	Officer	$0	$0	$0
SUSAN FREEMAN	EXECUTIVE DIRECTOR	40.00	Highest	$82,955	$0	$82,955
MELONY RICE	VICE CHAIR	1.00	Officer	$0	$0	$0
JAY MCROBERTS	INCOMING VICE-CHAIR	1.00	Officer	$0	$0	$0
MARCELL HATTEN	BOARD MEMBER	0.50	Director	$0	$0	$0
ALLISON SZAFARSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
SUZANNE LEWIS	BOARD MEMBER	0.50	Director	$0	$0	$0
VINCE BACCHI	BOARD MEMBER	0.35	Director	$0	$0	$0
DONOVAN HENDRICKS	BOARD MEMBER	0.50	Director	$0	$0	$0
DANIELLE ALLISON	BOARD MEMBER	0.35	Director	$0	$0	$0
REGINA NICHOLS	TREASURER	1.00	Officer	$0	$0	$0
KELLY BENTON	BOARD MEMBER	0.50	Director	$0	$0	$0
JESSICA GALLANT	BOARD MEMBER	0.50	Director	$0	$0	$0
SHIRLEY JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
JIM FISH	BOARD MEMBER	0.35	Director	$0	$0	$0
AMIE COFFEY	BOARD MEMBER	0.50	Director	$0	$0	$0
BECKY WHITESIDE	BOARD MEMBER	0.35	Director	$0	$0	$0
RHONDA KITCHEN	BOARD MEMBER	0.35	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	$336,486	$497,414	$65,587	$-160,928
2022	$291,477	$343,909	$130,376	$-52,432
2021	$280,808	$248,544	$210,800	$32,264
2020	$225,669	$208,499	$150,738	$17,170
2018	$242,402	$282,754	$134,294	$-40,352

Brunswick County Chamber of Commerce