GREATER IRMO CHAMBER OF COMMERCE

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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

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

Program Service Accomplishments

Program 1

Expenses: $314,902

PUBLICATION OF MEMBERSHIP DIRECTORY, MONTHLY NEWSLETTERS, DEVELOPMENT OF INTERNET WEB SITE, MONTHLY MEETINGS AND SPECIAL EVENTS TO ACQUAINT AND PROMOTE LOCAL BUSINESSES AND THE CHAMBER OFFICE...

PUBLICATION OF MEMBERSHIP DIRECTORY, MONTHLY NEWSLETTERS, DEVELOPMENT OF INTERNET WEB SITE, MONTHLY MEETINGS AND SPECIAL EVENTS TO ACQUAINT AND PROMOTE LOCAL BUSINESSES AND THE CHAMBER OFFICE FUNCTIONS AS A WELCOME CENTER FOR THE TOWN OF IRMO

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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 (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

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
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