GREATER SUMTER CHAMBER OF COMMERCE

EIN: 570298584

SUMTER, SC

Total Revenue
$129,416
Total Expenses
$176,553
Total Assets
$465,523
Net Assets
$388,977
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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
1912
Legal Domicile
SC
Principal Officer
BREANNA WISE
Phone
8037751231
Tax Period
2025-04-01 to 2025-06-30

GREATER SUMTER CHAMBER OF COMMERCE, founded in 1912, is a small nonprofit that reported $129K in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $177K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROMOTE BUSINESS CLIMATE AND INDUSTRIAL GROWTH IN THE SUMTER AREA

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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 $0
Program Service Revenue $129,086
Investment Income $280
Other Revenue $50
TOTAL REVENUE $129,416

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,233
Fundraising Expenses $0
Other Expenses $81,320
TOTAL EXPENSES $176,553

Year-over-Year Comparison

2024 2023 Change
Revenue $129,416 $736,529 -0.8%
Expenses $176,553 $708,763 -0.8%
Net Income $-47,137 $27,766 -2.7%
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
11
Independent Members
10
Employees
5
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
$26,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BREANNA WISE PRESIDENT 40.00
Officer
$26,000 $0 $26,000
CURT ACKERMAN DIRECTOR N/A
Officer Director
$0 $0 $0
CHERYL BAKER IMMEDIATE PA N/A
Officer Director
$0 $0 $0
ASHLEY BURGESS DIRECTOR N/A
Officer Director
$0 $0 $0
QUINETTA BUTTERBAUGH DIRECTOR N/A
Officer Director
$0 $0 $0
DAVID EARGLE CHAIR N/A
Officer Director
$0 $0 $0
DERRICK FLOYD CHAIR ELECT N/A
Officer Director
$0 $0 $0
JOSH GLENN DIRECTOR N/A
Officer Director
$0 $0 $0
RICKY POOLE DIRECTOR N/A
Officer Director
$0 $0 $0
JENNIFER SKINNER OFFICER N/A
Officer Director
$0 $0 $0
STEPHEN WILLIAMSON TREASURER N/A
Officer Director
$0 $0 $0
ASHLEY WRIGHT DIRECTOR N/A
Officer 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
2025 $129,416 $176,553 $465,523 $-47,137
2025 $736,529 $708,763 $512,790 $27,766
2024 $748,429 $742,706 $460,895 $5,723
2023 $772,358 $794,153 $489,379 $-21,795
2022 $592,853 $676,234 $508,589 $-83,381
2021 $577,501 $510,253 $606,127 $67,248
2020 $574,208 $606,682 $548,421 $-32,474
2019 $580,290 $676,479 $594,684 $-96,189
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