BEAUFORT REGIONAL CHAMBER OF COMMERCE (EIN 570296095) - 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

1964

Legal Domicile

Principal Officer

MEGAN MORRIS

Phone

8435258525

Tax Period

2023-07-01 to 2024-06-30

BEAUFORT REGIONAL CHAMBER OF COMMERCE, founded in 1964, is a small nonprofit that reported $665K in total revenue in fiscal year 2023. The organization ran a surplus of $112K, a strong 17% operating margin.

Mission

THE BEAUFORT REGIONAL CHAMBER OF COMMERCE EXISTS TO PROMOTE ECONOMIC PROSPERITY TO ENHANCE THE WELL-BEING OF EVERYONE IN OUR REGION. WE ENVISION A THRIVING REGION BASED ON A RESILIENT ECONOMY, TODAY AND FOR FUTURE GENERATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $479,678

Program Service Revenue $174,256

Investment Income $5,084

Other Revenue $5,926

TOTAL REVENUE $664,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,578

Fundraising Expenses $0

Other Expenses $280,074

TOTAL EXPENSES $552,652

Year-over-Year Comparison

	2023	2022	Change
Revenue	$664,944	$685,456	0.0%
Expenses	$552,652	$653,821	-0.2%
Net Income	$112,292	$31,635	+2.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL BAXLEY	DIRECTOR	2.00	Director	$0	$0	$0
NICK MESENBURG	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
JENNIFER TUCKWILLER	PAST CHAIR	2.00	Officer Director	$0	$0	$0
LIZ MITCHUM	TREASURER	2.00	Officer Director	$0	$0	$0
GRAHAM SOMERALL	CHAIR	2.00	Officer Director	$0	$0	$0
RUSSELL BAXLEY	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA BRIDGES	DIRECTOR	2.00	Director	$0	$0	$0
ROGER BRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
JASON FERRELL	DIRECTOR	2.00	Director	$0	$0	$0
BEN COPPAGE	DIRECTOR	2.00	Director	$0	$0	$0
MARK CUTLER	DIRECTOR	2.00	Director	$0	$0	$0
CAROLINE FERMIN	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS FISHER	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN GADD	DIRECTOR	2.00	Director	$0	$0	$0
JANET GRESHAM	DIRECTOR	2.00	Director	$0	$0	$0
VERONICA HEMMINGWAY	DIRECTOR	2.00	Director	$0	$0	$0
ETHAN JAMES	DIRECTOR	2.00	Director	$0	$0	$0
HOPE LANIER-FREEMAN	DIRECTOR	2.00	Director	$0	$0	$0
MARTHA MORIARTY	DIRECTOR	2.00	Director	$0	$0	$0
LISA PHILP	DIRECTOR	2.00	Director	$0	$0	$0
WHIT SUBER	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS TAYLOE	DIRECTOR	2.00	Director	$0	$0	$0
GAMAR WATTS	DIRECTOR	2.00	Director	$0	$0	$0
RITA WILSON	DIRECTOR	2.00	Director	$0	$0	$0
COURTNEY WORRELL	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN MORRIS	PRESIDENT & 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
2025	No data	No data	No data	No data
2024	$664,944	$552,652	$410,044	$112,292
2023	$685,456	$653,821	$312,451	$31,635
2022	$426,432	$556,087	$253,359	$-129,655
2021	$428,595	$397,210	$347,170	$31,385
2020	$472,149	$441,594	$299,911	$30,555
2019	$628,027	$705,536	$280,243	$-77,509
2018	$1,465,125	$1,433,850	$759,243	$31,275

BEAUFORT REGIONAL CHAMBER OF COMMERCE