CAROLINAS LGBT CHAMBER OF COMMERCE (EIN 561930236) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Phone

4088322195

Tax Period

2024-01-01 to 2024-12-31

CAROLINAS LGBT CHAMBER OF COMMERCE, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $337K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $403K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO GROW AND ADVANCE ECONOMIC SUCCESS, EQUITY & INCLUSION ACROSS THE CAROLINAS FOR LGBTQ+ AND ALLIED BUSINESSES AND PROFESSIONALS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $255,239

Program Service Revenue $80,523

Investment Income $827

Other Revenue $0

TOTAL REVENUE $336,589

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,398

Fundraising Expenses $0

Program Expenses $337,448

Other Expenses $346,344

TOTAL EXPENSES $402,742

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,589	$435,285	-0.2%
Expenses	$402,742	$541,124	-0.3%
Net Income	$-66,153	$-105,839	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MELISSA MORRIS	CHAIR	10.00	Officer Director	$0	$0	$0
BRYAN VANHUYSTEE	DIRECTOR OF FINANCE	10.00	Officer Director	$0	$0	$0
MATTHEW HUMPHREY	VICE-CHAIR	10.00	Officer Director	$0	$0	$0
NATE TURNER	DIRECTOR	5.00	Director	$0	$0	$0
STEPHEN MADDOZ	DIRECTOR	5.00	Director	$0	$0	$0
ADAM HAYES	DIRECTOR	5.00	Director	$0	$0	$0
DONTE PRAYER	DIRECTOR	5.00	Director	$0	$0	$0
ZACH ANDERSON	DIRECTOR	5.00	Director	$0	$0	$0
JEN CARBUTO	DIRECTOR	5.00	Director	$0	$0	$0
CHELBY NETTLES	DIRECTOR	5.00	Director	$0	$0	$0
BETTHANY CORRIGAN	DIRECTOR	5.00	Director	$0	$0	$0
CHAD TURNER	CEO	40.00	Officer	$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	$336,589	$402,742	$42,065	$-66,153
2023	$435,275	$541,124	$108,218	$-105,849
2022	$351,460	$285,053	$214,067	$66,407
2021	$201,511	$148,125	$147,660	$53,386
2020	$229,979	$180,268	$94,274	$49,711

CAROLINAS LGBT CHAMBER OF COMMERCE