GREATER IRMO CHAMBER OF COMMERCE

EIN: 570669817

IRMO, SC

Total Revenue
$360,475
Total Expenses
$352,758
Total Assets
$350,438
Net Assets
$156,996
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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
1988
Legal Domicile
SC
Principal Officer
KERRY POWERS
Phone
8037499355
Tax Period
2022-07-01 to 2023-06-30

GREATER IRMO CHAMBER OF COMMERCE, founded in 1988, is a small nonprofit that reported $360K in total revenue in fiscal year 2022.

Mission

TO ACQUAINT, MARKET, AND PROMOTE THE COMMUNITIES AND BUSINESSES IN THE GREATER IRMO 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 (2022)

Revenue Breakdown

Contributions & Grants $20,000
Program Service Revenue $328,903
Investment Income $37
Other Revenue $11,535
TOTAL REVENUE $360,475

Expense Breakdown

Grants Paid $0
Salaries & Benefits $152,648
Fundraising Expenses $0
Program Expenses $314,902
Other Expenses $191,062
TOTAL EXPENSES $352,758

Year-over-Year Comparison

2022 2021 Change
Revenue $360,475 $342,264 +0.1%
Expenses $352,758 $307,554 +0.1%
Net Income $7,717 $34,710 -0.8%
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
19
Independent Members
18
Employees
3
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
1
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KERRY POWERS PRES/CEO 040.00
Officer Key Emp Highest
$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
2024 No data No data No data No data
2023 $360,475 $352,758 $350,438 $7,717
2022 $342,264 $307,554 $334,018 $34,710
2020 $215,594 $232,218 $293,343 $-16,624
2019 $227,870 $234,641 $311,694 $-6,771
2018 $282,624 $251,336 $349,430 $31,288
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