GREATER GREER CHAMBER OF COMMERCE (EIN 570174128) - 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

1937

Legal Domicile

Principal Officer

KATHERINE COLLINS

Phone

8648773131

Tax Period

2024-01-01 to 2024-12-31

GREATER GREER CHAMBER OF COMMERCE, founded in 1937, is a small nonprofit that reported $567K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $624K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO CHAMPION ECONOMIC PROPERITY FOR OUR MEMBERS AND THE GREATER GREER COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $258,559

Program Service Revenue $268,042

Investment Income $4,784

Other Revenue $35,493

TOTAL REVENUE $566,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,486

Fundraising Expenses $0

Other Expenses $324,178

TOTAL EXPENSES $623,664

Year-over-Year Comparison

	2024	2023	Change
Revenue	$566,878	$633,879	-0.1%
Expenses	$623,664	$668,863	-0.1%
Net Income	$-56,786	$-34,984	+0.6%

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

120

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

$82,692

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE COLLINS	EXECUTIVE DI	40.00	Officer	$78,527	$4,165	$82,692
ALAN JONES	DIRECTOR	1.00	Director	$0	$0	$0
INEZ HANNON	DIRECTOR	1.00	Director	$0	$0	$0
DONNA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
TOM TYRA	DIRECTOR	1.00	Director	$0	$0	$0
MARK HOPPER	FOMER BOARD	1.00	Officer Director	$0	$0	$0
ROB SAFRIT	DIRECTOR	1.00	Director	$0	$0	$0
EVAN BRAMHALL	GENERAL COUN	1.00	Officer Director	$0	$0	$0
APRIL STAGGS	DIRECTOR	1.00	Director	$0	$0	$0
BLAIR MILLER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN DUNCAN	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
BRANDON PUNCH	DIRECTOR	1.00	Director	$0	$0	$0
MARK KING	DIRECTOR	1.00	Director	$0	$0	$0
JIM BOYD	TREASURER	1.00	Officer Director	$0	$0	$0
MONICA BARNETT	DIRECTOR	1.00	Director	$0	$0	$0
RICK STROUD	DIRECTOR	1.00	Director	$0	$0	$0
MYRA WHITEN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL LOVELACE	DIRECTOR	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	$566,878	$623,664	$332,048	$-56,786
2023	$633,879	$664,931	$379,369	$-31,052
2022	$603,276	$584,541	$440,545	$18,735
2021	$617,448	$512,580	$423,248	$104,868
2020	$542,630	$441,943	$308,645	$100,687
2019	$611,652	$648,687	$202,656	$-37,035
2018	$749,365	$733,389	$244,868	$15,976

GREATER GREER CHAMBER OF COMMERCE