YADKIN VALLEY CHAMBER OF COMMERCE

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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

1959

Legal Domicile

Phone

3365261111

Tax Period

2024-01-01 to 2024-12-31

YADKIN VALLEY CHAMBER OF COMMERCE, founded in 1959, is a small nonprofit that reported $162K in total revenue in fiscal year 2024. Expenses of $155K left a modest 4% surplus.

Mission

The Yadkin Valley Chamber of Commerce is an organization that promotes a positive business environment, community betterment and supports economic development

Program Service Accomplishments

Program 1

The three Yadkin Valley Chamber of Commerce fundraising events had the goal of promoting Elkin, NC and the Yadkin Valley

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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 (2024)

Revenue Breakdown

Contributions & Grants $78,309

Program Service Revenue $6,300

Investment Income $4,998

Other Revenue $72,851

TOTAL REVENUE $162,458

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,654

Fundraising Expenses $0

Other Expenses $69,505

TOTAL EXPENSES $155,159

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,458	N/A	N/A
Expenses	$155,159	N/A	N/A
Net Income	$7,299	N/A	N/A

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

N/A

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
Myra Cox	Chair	2.00	Officer	$0	$0	$0
Paul Hammes	Past Chair	2.00	Officer	$0	$0	$0
Marty Robbins	Chair - Elect	0.00	Officer	$0	$0	$0
Mike Bovender	Treasurer	2.00	Officer	$0	$0	$0
Jennifer Lewis	Legal Counsel	2.00	Officer	$0	$0	$0
Jimmy Thompson	Officer	0.00	Officer	$0	$0	$0
Anita Darnell	Officer	2.00	Officer	$0	$0	$0
Stephanie McDuffie	Officer	0.00	Officer	$0	$0	$0
Chad Treadway	Officer	2.00	Officer	$0	$0	$0
Aaron Misenheimer	Officer	0.00	Officer	$0	$0	$0
Steve Kobelak	Officer	2.00	Officer	$0	$0	$0
Travis Bode	Officer	2.00	Officer	$0	$0	$0
Katee Hettlemen	Officer	2.00	Officer	$0	$0	$0
Steve Owings	Officer	2.00	Officer	$0	$0	$0
Andi Robertson	Officer	2.00	Officer	$0	$0	$0
Kim Smith	Officer	2.00	Officer	$0	$0	$0
Matthew Crane	Officer	2.00	Officer	$0	$0	$0
Quinn Wilkins	Office Manager	0.00	Officer	$0	$0	$0
David Steeleman	Executive Director	40.00	Highest	$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	$162,458	$155,159	$206,831	$7,299
2023	$196,090	$158,923	$184,904	$37,167
2022	$157,834	$145,928	$149,903	$11,906
2021	$122,268	$114,355	$140,893	$7,913
2020	$139,668	$125,436	$131,002	$14,232
2018	$39,000	$76,809	$146,974	$-37,809