SC CHAMBER OF COMMERCE

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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

1940

Legal Domicile

Phone

8032552626

Tax Period

2024-10-01 to 2025-09-30

SC CHAMBER OF COMMERCE, founded in 1940, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

ENHANCING THE QUALITY OF LIFE FOR ALL SOUTH CAROLINIANS, ACHIEVING GLOBAL COMPETITEVENESS AND ULTIMATELY INCREASING PROSPERITY FOR SC CITIZENS.

Program Service Accomplishments

Program 1

ENHANCING THE QUALITY OF LIFE FOR ALL SOUTH CAROLINIANS, ACHIEVING GLOBAL COMPETITEVENESS AND ULTIMATELY INCREASING PROSPERITY FOR SC CITIZENS.

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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 $2,114,328

Program Service Revenue $978,987

Investment Income $77,186

Other Revenue $30,854

TOTAL REVENUE $3,201,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,741,244

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,386,622

TOTAL EXPENSES $3,127,866

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,201,355	$2,832,185	+0.1%
Expenses	$3,127,866	$2,918,150	+0.1%
Net Income	$73,489	$-85,965	-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

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

$699,163

Total Directors

$519,245

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Stormer	Treasurer	1.0	Officer Director	$0	$0	$0
Cynthia Bennett	Chief Operating Officer	40.0	Officer Director	$163,195	$6,528	$169,723
Howard Coker	Chair Elect	1.0	Officer Director	$0	$0	$0
Keller Kissam	2nd Vice Chair	1.0	Officer Director	$0	$0	$0
Mary McDonald	Chief Revenue Officer	40.0	Officer Director	$48,872	$0	$48,872
Michael Brenan	President and CEO To 10/31/25	40.0	Officer Director	$143,251	$0	$143,251
Michael Shetterly	General Counsel	1.0	Officer Director	$0	$0	$0
Thomas Rhodes	Chairman	1.0	Officer Director	$0	$0	$0
Will Frierson	VP of Government Affairs	40.0	Officer Director	$151,345	$6,054	$157,399
Will Whitley	Past Chairman	1.0	Officer Director	$0	$0	$0
AJ Nelson	Board Member	1.0	Director	$0	$0	$0
Alex Brame	Board Member	1.0	Director	$0	$0	$0
Alyssa Richardson	Board Member	1.0	Director	$0	$0	$0
Angela O'Neal	Board Member	1.0	Director	$0	$0	$0
Bernard Hawkins Jr	Board Member	1.0	Director	$0	$0	$0
Bob Paulling	Board Member	1.0	Director	$0	$0	$0
Bob Ruff	Board Member	1.0	Director	$0	$0	$0
Boyd Jones	Board Member	1.0	Director	$0	$0	$0
Carl Blackstone	Board Member	1.0	Director	$0	$0	$0
Carlos Phillips	Board Member	1.0	Director	$0	$0	$0
Catheryn McCraw	Board Member	1.0	Director	$0	$0	$0
Chris Barden	Board Member	1.0	Director	$0	$0	$0
Christopher Bailey	Board Member	1.0	Director	$0	$0	$0
Christopher Barras	Board Member	1.0	Director	$0	$0	$0
Clarence Sevillian	Board Member	1.0	Director	$0	$0	$0
Courtney Herring	Board Member	1.0	Director	$0	$0	$0
Dan Doyle	Board Member	1.0	Director	$0	$0	$0
Dave Solano	Board Member	1.0	Director	$0	$0	$0
David Lominack	Board Member	1.0	Director	$0	$0	$0
Dean Faile	Board Member	1.0	Director	$0	$0	$0
Dee Dee Henderson	Board Member	1.0	Director	$0	$0	$0
Derick Close	Board Member	1.0	Director	$0	$0	$0
Doug Duncan	Board Member	1.0	Director	$0	$0	$0
Edward Rawl	Board Member	1.0	Director	$0	$0	$0
Francesca Mosteller	Board Member	1.0	Director	$0	$0	$0
Gary Bernardez	Board Member	1.0	Director	$0	$0	$0
Gregory Cefus	Board Member	1.0	Director	$0	$0	$0
Gregory Little	Board Member	1.0	Director	$0	$0	$0
Hal Stevenson	Board Member	1.0	Director	$0	$0	$0
Hope Rivers	Board Member	1.0	Director	$0	$0	$0
Jake Scott	Board Member	1.0	Director	$0	$0	$0
James Clements	Board Member	1.0	Director	$0	$0	$0
James D'Alessio	Board Member	1.0	Director	$0	$0	$0
James Harrell	Board Member	1.0	Director	$0	$0	$0
Jason Freidenberger	Board Member	1.0	Director	$0	$0	$0
Jennifer McQuesten	Board Member	1.0	Director	$0	$0	$0
Jim Blankenhorn	Board Member	1.0	Director	$0	$0	$0
Jimmy Staton	Board Member	1.0	Director	$0	$0	$0
John Wright Jr	Board Member	1.0	Director	$0	$0	$0
Jon Chilton	Board Member	1.0	Director	$0	$0	$0
Joseph Deleon	Board Member	1.0	Director	$0	$0	$0
JP Rammo	Board Member	1.0	Director	$0	$0	$0
Karen Jenkins	Board Member	1.0	Director	$0	$0	$0
Kevin Sheilley	Board Member	1.0	Director	$0	$0	$0
Marilyn Fore	Board Member	1.0	Director	$0	$0	$0
Matt Cardone	Board Member	1.0	Director	$0	$0	$0
Michael Carrouth	Board Member	1.0	Director	$0	$0	$0
Mitch Sowards	Board Member	1.0	Director	$0	$0	$0
Murphy Monk	Board Member	1.0	Director	$0	$0	$0
Nicole Scott	Board Member	1.0	Director	$0	$0	$0
Peter LaMotte	Board Member	1.0	Director	$0	$0	$0
Rhonda Midgette	Board Member	1.0	Director	$0	$0	$0
Richard Bhola	Board Member	1.0	Director	$0	$0	$0
Rita Berry	Board Member	1.0	Director	$0	$0	$0
Robert Wick	Board Member	1.0	Director	$0	$0	$0
Roger Schrum	Board Member	1.0	Director	$0	$0	$0
Rozier Blanchard	Board Member	1.0	Director	$0	$0	$0
Ryan Dukes	Board Member	1.0	Director	$0	$0	$0
Stephen Cutler	Board Member	1.0	Director	$0	$0	$0
Steve Jones	Board Member	1.0	Director	$0	$0	$0
Steve Nail	Board Member	1.0	Director	$0	$0	$0
Sym Singh	Board Member	1.0	Director	$0	$0	$0
Terrance Ford	Board Member	1.0	Director	$0	$0	$0
Thomas Anderson	Board Member	1.0	Director	$0	$0	$0
Thornton Kirby	Board Member	1.0	Director	$0	$0	$0
Tim Pearson	Board Member	1.0	Director	$0	$0	$0
Tim Timmons	Board Member	1.0	Director	$0	$0	$0
Tom Eller	Board Member	1.0	Director	$0	$0	$0
Tommy Lavender	Board Member	1.0	Director	$0	$0	$0
Trent Holland	Board Member	1.0	Director	$0	$0	$0
Trey Simon	Board Member	1.0	Director	$0	$0	$0
Vicki Peek	Board Member	1.0	Director	$0	$0	$0
Whit McGreevy	Board Member	1.0	Director	$0	$0	$0
William McKinney	Board Member	1.0	Director	$0	$0	$0
Woody Swink	Board Member	1.0	Director	$0	$0	$0
Robert Morgan	President and CEO To 6/24/24	40.0	Officer	$179,918	$0	$179,918
Susan ONeal	VP of Finance, Operations and Administration	1.0	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	$3,201,355	$3,127,866	$3,513,235	$73,489
2024	$2,832,185	$2,918,150	$3,540,876	$-85,965
2023	$2,893,666	$2,868,858	$3,584,609	$24,808
2022	$2,973,534	$2,951,450	$2,177,783	$22,084
2021	$2,535,575	$2,346,187	$2,700,879	$189,388
2020	$2,220,414	$2,191,002	$2,263,875	$29,412
2019	$2,790,454	$2,783,409	$2,298,208	$7,045
2018	$3,225,589	$3,226,489	$2,524,431	$-900