LAKE NORMAN CHAMBER OF COMMERCE (EIN 561574848) - 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

1989

Legal Domicile

Principal Officer

WILLIAM RUSSELL

Phone

7048921922

Tax Period

2025-01-01 to 2025-12-31

LAKE NORMAN CHAMBER OF COMMERCE, founded in 1989, is a small nonprofit that reported $599K in total revenue in fiscal year 2025. Expenses of $552K left a modest 8% surplus.

Mission

TO PROVIDE SERVICES FOR AND PROMOTE THE BUSINESS ACTIVITIES OF ITS MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $287,611

Program Service Revenue $218,940

Investment Income $12,036

Other Revenue $80,516

TOTAL REVENUE $599,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,507

Fundraising Expenses $0

Program Expenses $552,008

Other Expenses $294,501

TOTAL EXPENSES $552,008

Year-over-Year Comparison

	2025	2024	Change
Revenue	$599,103	$600,956	0.0%
Expenses	$552,008	$529,273	+0.0%
Net Income	$47,095	$71,683	-0.3%

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

N/A

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

$92,548

Total Directors

$7,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM RUSSELL	PRESIDENT &	40.00	Officer	$92,548	$0	$92,548
HOLLY ZIENKA	BOOKKEEPER	1.00	Director	$7,200	$0	$7,200
JOHN ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
SALLY ASHWORTH	DIRECTOR	1.00	Director	$0	$0	$0
LISA BASS	DIRECTOR	1.00	Director	$0	$0	$0
ROD BEARD	V CHAIR MEMB	1.00	Director	$0	$0	$0
BETH BLEDSOE	DIRECTOR	1.00	Director	$0	$0	$0
TRACY MATTISON BRANDON	DIRECTOR	1.00	Director	$0	$0	$0
STACIE BRIGHT	V CHAIR COMM	1.00	Director	$0	$0	$0
CASEY BROOME	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLE BURTON	DIRECTOR	1.00	Director	$0	$0	$0
BETH CASHION	DIRECTOR	1.00	Director	$0	$0	$0
JIM COMBS	V CHAIR BUS	1.00	Director	$0	$0	$0
MARIANO DOBLE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT T FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
PAT JACKSON	V CHAIR PUBL	1.00	Director	$0	$0	$0
BRANDI JONES	DIRECTOR	1.00	Director	$0	$0	$0
LARRY GRIFFIN JR	DIRECTOR	1.00	Director	$0	$0	$0
BILL LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
ALEC NATT	VICE CHAIR F	1.00	Director	$0	$0	$0
APRIL PATTERSON	V CHAIR COMM	1.00	Director	$0	$0	$0
EDWIN QUARLES	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN SMITH SALZMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SISSON	BOARD CHAIR	1.00	Director	$0	$0	$0
TRACEY STEHLE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF TARTE	IMMED PAST B	1.00	Director	$0	$0	$0
KAREN TOVAR	DIRECTOR	1.00	Director	$0	$0	$0
LEAH B TROWBRIDGE	BOARD CHAIR	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
2025	$599,103	$552,008	$607,351	$47,095
2024	$600,956	$529,273	$558,623	$71,683
2023	$479,696	$463,835	$494,367	$15,861
2022	$455,025	$467,343	$478,507	$-12,318
2021	$418,463	$412,039	$486,969	$6,424
2020	$309,685	$419,406	$488,518	$-109,721
2019	$348,184	$455,354	$593,551	$-107,170
2018	$870,950	$417,520	$701,731	$453,430

LAKE NORMAN CHAMBER OF COMMERCE