GREATER FLORENCE CHAMBER OF COMMERCE

EIN: 570125625

FLORENCE, SC

Total Revenue
$823,802
Total Expenses
$820,147
Total Assets
$466,572
Net Assets
$361,687
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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
1936
Legal Domicile
SC
Principal Officer
MIKE MILLER
Phone
8436650515
Tax Period
2023-07-01 to 2024-06-30

GREATER FLORENCE CHAMBER OF COMMERCE, founded in 1936, is a small nonprofit that reported $824K in total revenue in fiscal year 2023.

Mission

TO PROVIDE THE NECESSARY LEADERSHIP TO PROMOTE AND ENHANCE THE BUSINESS CLIMATE AND QUALITY OF LIFE IN FLORENCE COUNTY AND THE PEE DEE REGION.

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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 $0
Program Service Revenue $801,077
Investment Income $4,590
Other Revenue $18,135
TOTAL REVENUE $823,802

Expense Breakdown

Grants Paid $0
Salaries & Benefits $536,706
Fundraising Expenses $0
Program Expenses $820,147
Other Expenses $283,441
TOTAL EXPENSES $820,147

Year-over-Year Comparison

2023 2022 Change
Revenue $823,802 $782,190 +0.1%
Expenses $820,147 $780,931 +0.1%
Net Income $3,655 $1,259 +1.9%
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
38
Independent Members
37
Employees
6
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
12
$233,008
Total Directors
37
$233,008
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH BUCKHOUSE CHAIR, BUDGET & FINANCE 1.00
Officer Director
$0 $0 $0
JAMIE CARSTEN CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
MIKE MILLER PRESIDENT 40.00
Officer Director
$192,662 $40,346 $233,008
ED HOFFMAN CHAIR, EDUCATION & LEADERSHIP 1.00
Officer Director
$0 $0 $0
JON WEISS CHAIR, COMMUNICATIONS & MA 1.00
Officer Director
$0 $0 $0
DR FRED CARTER MEMBER 1.00
Director
$0 $0 $0
PAUL SEWARD PAST CHAIRMAN 1.00
Officer Director
$0 $0 $0
BRIAN FAST TREASURER 1.00
Officer Director
$0 $0 $0
MINDY TAYLOR CHAIR, GOVERNMENT AFFAIRS 1.00
Officer Director
$0 $0 $0
TERESA MYERS ERVIN MAYOR MEMBER 1.00
Director
$0 $0 $0
CAROLINE TONIOLO MEMBER 1.00
Director
$0 $0 $0
DREW CHAPLIN CHAIRMAN 1.00
Officer Director
$0 $0 $0
JEFF MCKAY MEMBER 1.00
Director
$0 $0 $0
DR RICHARD O'MALLEY MEMBER 1.00
Director
$0 $0 $0
REV WILLARD DORRIETY EX-OFFICIO 1.00
Director
$0 $0 $0
DEREK HEMMINGSEN CHAIR, MEMBER SERVICES 1.00
Officer Director
$0 $0 $0
KYLE GUNTER MEMBER 1.00
Director
$0 $0 $0
VERA HERBERT MEMBER 1.00
Director
$0 $0 $0
WILL MCLEOD MEMBER 1.00
Director
$0 $0 $0
LES WARD MEMBER 1.00
Director
$0 $0 $0
PAIGE ARD MEMBER 1.00
Director
$0 $0 $0
LETHONIA BARNES CHAIR, EDUCATION & LEADERS 1.00
Officer Director
$0 $0 $0
HUGH BLANTON MEMBER 1.00
Director
$0 $0 $0
DAVID KHAN MEMBER 1.00
Director
$0 $0 $0
JEAN LEATHERMAN MEMBER 1.00
Director
$0 $0 $0
JULIE MAXHAM MEMBER 1.00
Director
$0 $0 $0
DAVID MULLINS MEMBER 1.00
Director
$0 $0 $0
RAY TAYLOR MEMBER 1.00
Director
$0 $0 $0
DR JERMAINE FORD MEMBER 1.00
Director
$0 $0 $0
GREGG ROBINSON MEMBER 1.00
Director
$0 $0 $0
LINWARD EDWARDS II MEMBER 1.00
Director
$0 $0 $0
KIRBY ANDERSON MEMBER 1.00
Director
$0 $0 $0
AMBER FORT MEMBER 1.00
Director
$0 $0 $0
DAVID FOUNTAIN MEMBER 1.00
Director
$0 $0 $0
JAY HINESLEY MEMBER 1.00
Director
$0 $0 $0
DR BRIAN SONG MEMBER 1.00
Director
$0 $0 $0
AMBER SELLERS MEMBER 1.00
Director
$0 $0 $0
BRIANNA DENNIS CHAIR, COMMUNITY & BUSINESS 1.00
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
2025 No data No data No data No data
2024 $823,802 $820,147 $466,572 $3,655
2023 $782,190 $780,931 $435,049 $1,259
2022 $986,255 $872,880 $408,464 $113,375
2021 $737,821 $732,861 $382,101 $4,960
2020 $792,033 $746,838 $306,294 $45,195
2019 $744,862 $742,616 $268,710 $2,246
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