ASHEVILLE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION, founded in 1991, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.8M in total revenue in fiscal year 2022. Revenue fell 43% from the prior year — a significant decline worth monitoring.
DEVELOP AND ACCELERATE GROWTH & EMPLOYMENT OPPORTUNITIES FOR THE COMMUNITY.
1 FUNDED THE FOLLOWING ACTIVITY THROUGH THE ASHEVILLE AREA CHAMBER OF COMMERCE: 1) WORKFORCE PREPAREDNESS AND DEVELOPMENT, 2) ENTREPRENEUR AND STARTUP DEVELOPMENT, 3) RECRUITMENT OF NEW INDUSTRY, 4)...
1 FUNDED THE FOLLOWING ACTIVITY THROUGH THE ASHEVILLE AREA CHAMBER OF COMMERCE: 1) WORKFORCE PREPAREDNESS AND DEVELOPMENT, 2) ENTREPRENEUR AND STARTUP DEVELOPMENT, 3) RECRUITMENT OF NEW INDUSTRY, 4) EXPANSION OF EXISTING INDUSTRY, AND 5) SITE DEVELOPMENT.2 RECEIVED FUNDS FROM THE GOLDEN LEAF FOUNDATION AND DISBURSED SAID FUNDS TO THE ASHEVILLE CHAMBER TO OPERATE INCLUSIVE HIRING PARTNERS, A RESOURCE TO CLOSE THE OPPORTUNITY GAP THAT CONNECTS BUNCOMBE COUNTY RESIDENTS EXPERIENCING EMPLOYMENT BARRIERS LIKE FORMER JUSTICE INVOLVEMENT, PREVIOUS INCARCERATION, SUBSTANCE USE DISORDER RECOVERY, INTERGENERATIONAL POVERTY, LONG-TERM UNEMPLOYMENT, OR LONG-TERM UNDEREMPLOYMENT WITH WELL-PAYING CAREERS IN HIGH-DEMAND INDUSTRIES.3 RECEIVED FUNDS FROM THE GOLDEN LEAF FOUNDATION AND BILTMORE FARMS LLC AND PAID SAID FUNDS TO CONSTRUCTION VENDORS BUILDING A BRIDGE SPANNING THE FRENCH BROAD RIVER THAT WILL PROVIDE ACCESS TO A PRATT & WHITNEY MANUFACTURING FACILITY. 4 PROVIDED BUSINESSES OWNED BY PEOPLE OF COLOR ADVERTISING BENEFITS AND MEMBERSHIPS IN THE ASHEVILLE CHAMBER THROUGH THE PEOPLE'S COMMUNITY AND INCLUSION INITIATIVE. 5 IN COOPERATION WITH THE FOLK HERITAGE COMMITTEE, PROMOTED TRADITIONAL MOUNTAIN MUSIC AND DANCE THROUGH THE SHINDIG ON THE GREEN PERFORMANCES AND THE MOUNTAIN DANCE AND FOLK FESTIVAL.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $3,782,364 | $6,607,474 | -0.4% |
| Expenses | $4,013,723 | $6,589,290 | -0.4% |
| Net Income | $-231,359 | $18,184 | -13.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JANICE BRUMIT | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN F A V CECIL | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUZANNE DEFERIE | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BEN HAMRICK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| W LOUIS BISSETTE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TRACY BUCHANAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM A V CECIL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROLYN COWARD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HIMANSHU KARVIR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL MEGUIAR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT ROBERTS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DANA STONESTREET | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN WINKENWERDER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA WEBB | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AUSTIN WALKER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRI KING | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHRYN CRAMER | SECRETARY | 1.00 |
Officer
|
$0 | $25,338 | $313,550 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $3,782,364 | $4,013,723 | $2,151,279 | $-231,359 |
| 2022 | $6,607,474 | $6,589,290 | $2,704,997 | $18,184 |
| 2021 | $6,471,789 | $5,587,769 | $2,583,932 | $884,020 |
| 2020 | $508,643 | $474,379 | $977,915 | $34,264 |
| 2019 | $525,568 | $555,955 | $1,160,798 | $-30,387 |
| 2018 | $547,269 | $383,872 | $1,452,168 | $163,397 |
Compare ASHEVILLE AREA CHAMBER OF COMMERCE COMMUNITY BETTERMENT FOUNDATION with other nonprofits in North Carolina and across the country.