Lake Wylie Chamber of Commerce Inc

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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

1980

Legal Domicile

Principal Officer

Susan Bromfield

Phone

8038312827

Tax Period

2023-11-01 to 2024-10-31

Lake Wylie Chamber of Commerce Inc, founded in 1980, is a small nonprofit that reported $374K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $116K, a strong 31% operating margin.

Mission

Promote businesses in local area and support the community

Program Service Accomplishments

Program 1

Chamber events to promote local business and economy

Program 2

Provide visitor center point of entry for new potential residents in the 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $250,000

Program Service Revenue $84,304

Investment Income $9,453

Other Revenue $30,734

TOTAL REVENUE $374,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,275

Fundraising Expenses $0

Other Expenses $82,385

TOTAL EXPENSES $258,660

Year-over-Year Comparison

	2023	2022	Change
Revenue	$374,491	$302,755	+0.2%
Expenses	$258,660	$259,947	0.0%
Net Income	$115,831	$42,808	+1.7%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$115,001

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Wood	Past Chairman	0.00	Officer Director	$0	$0	$0
Kim Conroy	Board Member	0.00	Officer Director	$0	$0	$0
Donna Bordeaux	Secretary	0.50	Officer Director	$0	$0	$0
Michaelyn Sherrill	Treasurer	0.50	Officer Director	$0	$0	$0
Jane Dubois	Board Member	0.00	Director	$0	$0	$0
Fred Caldwell	Board Member	0.00	Director	$0	$0	$0
Allan Gregory	Board Member	0.00	Director	$0	$0	$0
Ed Lindsey	Board Member	0.00	Director	$0	$0	$0
Jeff Ledford	Chariman	0.00	Director	$0	$0	$0
Matthew Mugavero	Vice Chairman	0.00	Director	$0	$0	$0
Dr Sheila Quinn	Board Member	0.00	Director	$0	$0	$0
Susan Bromfield	President	40.00	Officer	$115,001	$0	$115,001
Stephen Nishimuta	Board Member	0.00	Director	$0	$0	$0
Quinn Smith	Board Member	0.00	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	$374,491	$258,660	$862,487	$115,831
2023	$302,755	$259,947	$745,285	$42,808
2022	$270,024	$172,473	$706,416	$97,551
2021	$163,289	$159,475	$638,537	$3,814
2020	$150,794	$159,936	$645,134	$-9,142
2019	$175,535	$188,635	$569,679	$-13,100
2018	$150,962	$171,613	$590,229	$-20,651