Lake Gaston Regional Chamber of Commerce (EIN 561634124) - 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

1968

Legal Domicile

Principal Officer

Marcia Kerr

Phone

2525865711

Tax Period

2023-01-01 to 2023-12-31

Lake Gaston Regional Chamber of Commerce, founded in 1968, is a small nonprofit that reported $155K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26K, a strong 17% operating margin.

Mission

To promote and advance the industrial, commercial, civic and general business interest in the lake gaston community and it's surrounding area

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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 $0

Program Service Revenue $125,287

Investment Income $77

Other Revenue $30,063

TOTAL REVENUE $155,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,884

Fundraising Expenses $0

Program Expenses $129,566

Other Expenses $45,682

TOTAL EXPENSES $129,566

Year-over-Year Comparison

	2023	2022	Change
Revenue	$155,427	$119,425	+0.3%
Expenses	$129,566	$122,982	+0.1%
Net Income	$25,861	$-3,557	-8.3%

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

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
Scott Watson	Interim President	2.00	Director	$0	$0	$0
Paul Owens	Past Board President	4.00	Director	$0	$0	$0
Mary Lou Kellogg	Board Secretary	3.00	Director	$0	$0	$0
Julia Allsbrook	Board Treasurer	2.00	Director	$0	$0	$0
Angie Acree	Board Vice President	3.00	Director	$0	$0	$0
Sarah Evans	Board Director	2.00	Director	$0	$0	$0
Gene St Clair	Board Director	2.00	Director	$0	$0	$0
Tammy Diacont	Board Director	2.00	Director	$0	$0	$0
Dave Blodgett	Board Director	2.00	Director	$0	$0	$0
Bob Liddle	Board Director	2.00	Director	$0	$0	$0
Heather Abbott	Board Director	2.00	Director	$0	$0	$0
Betsy Morris	Board 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	$155,427	$129,566	$206,332	$25,861
2022	$119,425	$122,982	$178,765	$-3,557
2021	$134,028	$120,721	$182,117	$13,307
2020	$126,684	$127,654	$168,810	$-970
2019	$164,760	$167,297	$169,599	$-2,537
2018	$136,819	$156,014	$171,720	$-19,195

Lake Gaston Regional Chamber of Commerce