WESTERN ROCKINGHAM CHAMBER OF COMMERCE INC (EIN 561315435) - 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

1958

Legal Domicile

Principal Officer

CHARLES RAKESTRAW

Phone

3365486248

Tax Period

2023-01-01 to 2023-12-31

WESTERN ROCKINGHAM CHAMBER OF COMMERCE INC, founded in 1958, is a micro nonprofit that reported $77K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $69K left a modest 11% surplus.

Mission

COMMUNITY AFFAIRS

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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 $53,990

Program Service Revenue $0

Investment Income $0

Other Revenue $23,429

TOTAL REVENUE $77,419

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,910

Fundraising Expenses $0

Program Expenses $69,196

Other Expenses $31,286

TOTAL EXPENSES $69,196

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,419	$67,812	+0.1%
Expenses	$69,196	$71,285	0.0%
Net Income	$8,223	$-3,473	-3.4%

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
MAVIS DILLON	EXEC DIRECTOR	20.00		$21,632	$0	$21,632
CHARLES RAKESTRAW	CHAIR	2.00	Officer Director	$0	$0	$0
KRIS CAYTON	TREASURER	2.00	Officer Director	$0	$0	$0
CHARLES CARUSO	DIRECTOR	2.00	Director	$0	$0	$0
KIM LIGHT	DIRECTOR	2.00	Director	$0	$0	$0
LE BURRIS	DIRECTOR	2.00	Director	$0	$0	$0
ANGELA PENDLETON	CO-CHAIR	2.00	Officer Director	$0	$0	$0
MORGAN MOORE	DIRECTOR	2.00	Director	$0	$0	$0
MARY MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN CORRIHER	DIRECTOR	2.00	Director	$0	$0	$0
MELANIE BARNES	DIRECTOR	2.00	Director	$0	$0	$0
TARA MARTIN	CO-CHAIR	2.00	Officer Director	$0	$0	$0
FRANK MOORE	DIRECTOR	2.00	Director	$0	$0	$0
TARA CLAYBROOK	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY HICKOK	DIRECTOR	2.00	Director	$0	$0	$0
CYNDY HAYWORTH	DIRECTOR	2.00	Director	$0	$0	$0
JASMINE EVANS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT STANLEY	DIRECTOR	2.00	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	$77,419	$69,196	$72,055	$8,223
2022	$67,812	$71,285	$68,865	$-3,473
2021	$63,588	$53,217	$81,424	$10,371
2020	$57,166	$48,741	$84,514	$8,425
2019	$67,505	$55,964	$31,397	$11,541
2018	$53,775	$51,718	$19,726	$2,057

WESTERN ROCKINGHAM CHAMBER OF COMMERCE INC