HILTON HEAD ISLAND - BLUFFTON CHAM… - Form 990 Financial Data

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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

1957

Legal Domicile

Principal Officer

WILLIAM G MILES

Phone

8437853673

Tax Period

2023-07-01 to 2024-06-30

HILTON HEAD ISLAND - BLUFFTON CHAMBER OF COMMERCE, founded in 1957, is a mid-sized nonprofit that reported $12.5M in total revenue in fiscal year 2023.

Mission

THE PURPOSE OF THE HILTON HEAD ISLAND - BLUFFTON CHAMBER OF COMMERCE IS TO PROMOTE AND PERPETUATE THE BUSINESS, COMMERCIAL, ENVIRONMENTAL, INDUSTRY AND CIVIC INTERESTS OF HILTON HEAD ISLAND AND BLUFFTON, SOUTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $12,459,502 Revenue: $12,602,902

THE CHAMBER OF COMMERCE PROGRAMS SERVE TO PROMOTE THE AREA THROUGH VARIOUS ACTIVITIES WHICH INCLUDE LARGE SCALE MARKETING AND ADVERTISING CAMPAIGNS. THE CHAMBER SEEKS TO ATTRACT BUSINESS AND INDUSTRY...

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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 $0

Program Service Revenue $11,614,255

Investment Income $70,329

Other Revenue $777,607

TOTAL REVENUE $12,462,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,756,626

Fundraising Expenses $0

Program Expenses $12,459,502

Other Expenses $9,702,876

TOTAL EXPENSES $12,459,502

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,462,191	$12,930,281	0.0%
Expenses	$12,459,502	$12,927,996	0.0%
Net Income	$2,689	$2,285	+0.2%

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

$523,262

Total Directors

Key Employees

$397,758

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM G MILES	PRESIDENT &	60.00	Officer	$471,016	$52,246	$523,262
RAY DEAL	CONTROLLER	40.00	Key Emp	$184,000	$18,711	$202,711
ARIANA PERNICE	VICE PRESIDE	40.00	Key Emp	$172,500	$22,547	$195,047
CHARLIE CLARK	VP - PUBLIC	40.00	Highest	$133,500	$19,937	$153,437
MICHELLE PIVIK	DIRECTOR - M	40.00	Highest	$107,244	$10,521	$117,765
JEAN BECK	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE BIRDWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
WAYNE BOUTWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA BRAGG	BOARD MEMBER	2.00	Director	$0	$0	$0
LOLA CAMPBELL	VICE CHAIR,	2.00	Director	$0	$0	$0
ANDREW CARMINES	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY LEE CARNS	VICE CHAIR,	2.00	Director	$0	$0	$0
JOE CARUSO	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSANA COOK	IMMEDIATE PA	2.00	Director	$0	$0	$0
CHRIS CORKERN	BOARD MEMBER	2.00	Director	$0	$0	$0
BOB COSGROVE	VICE CHAIR,	2.00	Director	$0	$0	$0
BERL DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
CALEB GRAHAM	BOARD MEMBER	2.00	Director	$0	$0	$0
GREG KELLY	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANA MCDOUGALL	VICE CHAIR,	2.00	Director	$0	$0	$0
JON MCGAUNN	BOARD MEMBER	2.00	Director	$0	$0	$0
WALTER NESTER	BOARD MEMBER	2.00	Director	$0	$0	$0
JON REMBOLD	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREW SCHUMACHER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOEL TAYLOR	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE TIGHE	VICE CHAIR,	2.00	Director	$0	$0	$0
RAY WARCO	VICE CHAIR,	2.00	Director	$0	$0	$0
AHMAD WARD	VICE CHAIR,	2.00	Director	$0	$0	$0
JAY WIENDL	CHAIR	5.00	Director	$0	$0	$0
STEVE WILMOT	BOARD MEMBER	2.00	Director	$0	$0	$0
ALAN WOLF	BOARD MEMBER	2.00	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
2025	No data	No data	No data	No data
2024	$12,462,191	$12,459,502	$3,925,661	$2,689
2023	$12,930,281	$12,927,996	$4,083,242	$2,285
2022	$11,243,901	$11,195,250	$4,165,149	$48,651
2021	$8,774,772	$8,692,310	$3,721,536	$82,462
2020	$7,365,062	$7,356,256	$2,451,424	$8,806
2019	$8,154,036	$8,150,362	$1,678,258	$3,674
2018	$7,661,069	$7,780,572	$1,645,536	$-119,503

HILTON HEAD ISLAND - BLUFFTON CHAMBER OF COMMERCE