LEXINGTON CHAMBER OF COMMERCE

EIN: 570388041

LEXINGTON, SC

Total Revenue
$1,006,112
Total Expenses
$1,061,562
Total Assets
$2,139,138
Net Assets
$1,199,022
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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
1959
Legal Domicile
SC
Principal Officer
ANGELLE LABORDE
Phone
8033596113
Tax Period
2024-07-01 to 2025-06-30

LEXINGTON CHAMBER OF COMMERCE, founded in 1959, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

SERVES AS AN ADVOCATE FOR BUSINESS BY FOSTERING ECONOMIC GROWTH AND PROSPERITY FOR THE BENEFIT OF THE LEXINGTON COMMUNITY.

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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 $901,154
Investment Income $31,883
Other Revenue $73,075
TOTAL REVENUE $1,006,112

Expense Breakdown

Grants Paid $0
Salaries & Benefits $569,615
Fundraising Expenses $0
Other Expenses $491,947
TOTAL EXPENSES $1,061,562

Year-over-Year Comparison

2024 2023 Change
Revenue $1,006,112 $1,109,472 -0.1%
Expenses $1,061,562 $1,074,302 0.0%
Net Income $-55,450 $35,170 -2.6%
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
27
Independent Members
27
Employees
9
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
6
$169,091
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELLE LABORDE PRESIDENT & 40.00
Officer
$147,437 $21,654 $169,091
ROSEMARY WILSON DIRECTOR OF 24.00
Officer
$0 $0 $0
ROYCE SHANNON BOARD CHAIR 0.25
Officer Director
$0 $0 $0
MISTY STATHOS BOARD CHAIR- 0.25
Officer Director
$0 $0 $0
SHAWN STINSON IMMEDIATE PA 0.25
Director
$0 $0 $0
TREY POWELL BOARD SECRET 0.25
Officer Director
$0 $0 $0
KENNY WORKMAN BOARD TREASU 0.25
Officer Director
$0 $0 $0
LISA BEEBE BOARD MEMBER 0.25
Director
$0 $0 $0
GRAEM CLARK BOARD MEMBER 0.25
Director
$0 $0 $0
RONNIE DAVES BOARD MEMBER 0.25
Director
$0 $0 $0
DAPHNE FREEMAN BOARD MEMBER 0.25
Director
$0 $0 $0
BENJAMIN FULLER BOARD MEMBER 0.25
Director
$0 $0 $0
MATTHEW GRAHAM BOARD MEMBER 0.25
Director
$0 $0 $0
DAVID HAYTH BOARD MEMBER 0.25
Director
$0 $0 $0
ALEX HUGGINS BOARD MEMBER 0.25
Director
$0 $0 $0
MANNING KOLB BOARD MEMBER 0.25
Director
$0 $0 $0
AUSTIN MCVAY BOARD MEMBER 0.25
Director
$0 $0 $0
ANGEL MENDEZ BOARD MEMBER 0.25
Director
$0 $0 $0
JOE MERGO III BOARD MEMBER 0.25
Director
$0 $0 $0
JOEL MERRILL BOARD MEMBER 0.25
Director
$0 $0 $0
PAM MODICA BOARD MEMBER 0.25
Director
$0 $0 $0
KONRAD ORZECHOWSKI BOARD MEMBER 0.25
Director
$0 $0 $0
PUNAM PATEL BOARD MEMBER 0.25
Director
$0 $0 $0
ALYSSA PIRTLE BOARD MEMBER 0.25
Director
$0 $0 $0
LAURA REID BOARD MEMBER 0.25
Director
$0 $0 $0
BRANDON RICE BOARD MEMBER 0.25
Director
$0 $0 $0
ROGER SIPE BOARD MEMBER 0.25
Director
$0 $0 $0
ONEAL STAPLES BOARD MEMBER 0.25
Director
$0 $0 $0
CHRISTINA TRAINOR BOARD MEMBER 0.25
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 $1,006,112 $1,061,562 $2,139,138 $-55,450
2024 $1,109,472 $1,074,302 $1,902,882 $35,170
2023 $1,048,619 $934,301 $1,752,741 $114,318
2022 $962,896 $889,198 $1,614,102 $73,698
2021 $884,821 $829,520 $1,770,029 $55,301
2020 $739,167 $765,219 $1,589,879 $-26,052
2019 $916,466 $861,538 $1,454,728 $54,928
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