NORTH CAROLINA CHAMBER FOUNDATION

EIN: 561918853 501(c)(3) Mental Health

RALEIGH, NC

Total Revenue
$2,686,233
Total Expenses
$1,685,045
Total Assets
$5,545,570
Net Assets
$4,842,316
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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
1995
Legal Domicile
NC
Principal Officer
GARY J SALAMIDO
Phone
9198361400
Tax Period
2023-01-01 to 2023-12-31

NORTH CAROLINA CHAMBER FOUNDATION, founded in 1995, is a community nonprofit in the Mental Health sector that reported $2.7M in total revenue in fiscal year 2023. The organization ran a surplus of $1.0M, a strong 37% operating margin.

Mission

TO PROMOTE SOCIAL WELFARE IN NORTH CAROLINA

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,697,341
Program Service Revenue $0
Investment Income $-11,108
Other Revenue $0
TOTAL REVENUE $2,686,233

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,286,688
Other Expenses $1,685,045
TOTAL EXPENSES $1,685,045

Year-over-Year Comparison

2023 2022 Change
Revenue $2,686,233 $-12,968 -208.1%
Expenses $1,685,045 $765,454 +1.2%
Net Income $1,001,188 $-778,422 -2.3%
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

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Governance

Voting Members
14
Independent Members
13
Employees
N/A
Volunteers
14

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
4
$308,996
Total Directors
16
$1,020,114
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY J SALAMIDO BOARD MEMBER 1.00
Director
$0 $22,735 $711,118
MEREDITH ARCHIE PRESIDENT 36.50
Officer Director
$0 $16,779 $199,504
AMY FOWLER TREASURER 7.50
$0 $10,019 $128,155
JANEL BOYD SECRETARY 1.00
Officer Director
$0 $11,973 $109,492
LAURA BUNN TREASURER 7.50
Officer Director
$0 $0 $0
JIM HANSEN BOARD MEMBER 1.00
Director
$0 $0 $0
D RUSSELL HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
DALE JENKINS BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK B HOLDING JR CHAIR 1.00
Officer Director
$0 $0 $0
CHARMAINE RIGGINS BOARD MEMBER 1.00
Director
$0 $0 $0
SEPIDEH SAIDI BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN C SCOTT BOARD MEMBER 1.00
Director
$0 $0 $0
JULE SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
TUNDE SOTUNDE BOARD MEMBER 1.00
Director
$0 $0 $0
DEREK B STEED BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID H WEAVER BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT WOMBLE BOARD 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 $2,686,233 $1,685,045 $5,545,570 $1,001,188
2022 $-12,968 $765,454 $3,636,911 $-778,422
2021 $1,221,482 $660,218 $5,209,130 $561,264
2020 $1,342,557 $827,516 $5,037,047 $515,041
2019 $370,333 $622,475 $4,223,438 $-252,142
2018 $747,243 $711,950 $3,675,354 $35,293
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