AVERY COUNTY CHAMBER OF COMMERCE I… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

COREY MALLARD

Phone

8288985605

Tax Period

2023-01-01 to 2023-12-31

AVERY COUNTY CHAMBER OF COMMERCE INC, founded in 1980, is a small nonprofit that reported $320K in total revenue in fiscal year 2023.

Mission

PROMOTE TOURISM AND AREA BUSINESSES

Program Service Accomplishments

Program 1

ADVERTISING AND PROMOTING TOURISM AND LOCAL BUSINESSES BY PLACING ADVERTISMENTS IN NEWS MEDIAN AND TRAVEL SHOWS. THE CHAMBER ALSO SPONSORS SPECIAL PROMOTIONAL EVENTS

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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 $156,086

Program Service Revenue $158,837

Investment Income $464

Other Revenue $4,400

TOTAL REVENUE $319,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,621

Fundraising Expenses $0

Other Expenses $164,921

TOTAL EXPENSES $320,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,787	$317,242	+0.0%
Expenses	$320,542	$301,748	+0.1%
Net Income	$-755	$15,494	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTORIA BOWMAN	PRESIDENT	2.00	Director	$0	$0	$0
MARY KATE OLLIS	Secretary	1.00	Director	$0	$0	$0
COREY MALLARD	Treasurer	5.00	Director	$0	$0	$0
SCOTT GARLAND	VICE PRESIDENT	1.00	Director	$0	$0	$0
SCOTT BOYLES	MEMBER	1.00	Director	$0	$0	$0
CODY HOILMAN	MEMBER	1.00	Director	$0	$0	$0
LOGAN BURLESON	MEMBER	1.00	Director	$0	$0	$0
MEAGAN GOHEEN	MEMBER	1.00	Director	$0	$0	$0
JIM FITZPATRICK	MEMBER	1.00	Director	$0	$0	$0
TARA BECHARD	MEMBER	1.00	Director	$0	$0	$0
MARK JOHNSON	MEMBER	1.00	Director	$0	$0	$0
MALEA MASSEY	MEMBER	1.00	Director	$0	$0	$0
LANDIS TAYLOR	MEMBER	1.00	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	$319,787	$320,542	$186,921	$-755
2022	$317,242	$301,748	$190,297	$15,494
2021	$321,337	$256,492	$166,787	$64,845
2020	$238,583	$237,104	$137,683	$1,479

AVERY COUNTY CHAMBER OF COMMERCE INC