SC CHAMBER OF COMMERCE

EIN: 570219655

COLUMBIA, SC

Total Revenue
$3,201,355
Total Expenses
$3,127,866
Total Assets
$3,513,235
Net Assets
$1,081,432
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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
SC
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

BE THE LEADING VOICE FOR BUSINESS IN SOUTH 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 (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

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Governance

Voting Members
85
Independent Members
81
Employees
20
Volunteers
97

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
$699,163
Total Directors
85
$519,245
Key Employees
0
$0
Highest Compensated
0
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
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