THE GREATER CHAPIN CHAMBER OF COMMERCE

EIN: 570936258 Community Improvement

Chapin, SC

Total Revenue
$195,659
Total Expenses
$165,159
Total Assets
$181,255
Net Assets
$178,020
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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
1990
Legal Domicile
SC
Principal Officer
PAUL SADLER
Phone
8033451100
Tax Period
2022-01-01 to 2022-12-31

THE GREATER CHAPIN CHAMBER OF COMMERCE, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $196K in total revenue in fiscal year 2022. The organization ran a surplus of $30K, a strong 16% operating margin.

Mission

OUR VISION IS TO BE A CATALYST FOR ECONOMIC PROSPERITY IN THE CHAPIN COMMUNITY. WE ALSO SERVE AS THE COMMUNICATIONS HUB AND VISITORS CENTER FOR THE AREA. WE PROMOTE LOCAL BUSINESSES RECREATIONAL EVENTS, SOCIAL CONCERNS, AND RELATED LEGISLATIVE ISSUES. WE RELY ON RELATIONSHIPS AND TECHNOLOGY TO ACCOMPLISH OUR COMMUNICATION WITH OUR PARTNERS AND THE

Program Service Accomplishments

Program 1
Expenses: $165,159 Revenue: $154,452

SUCCESSFULLY PROMOTED THE GROWTH OF COMMERCE, COMMUNITY AND CULTURE IN AND AROUND THE CHAPIN AREA THROUGH NEW MEMBERSHIPS, OUTREACH MEETINGS, NEW MEDIA COMMUNICATIONS SUCH AS PODCAST

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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 $161,827
Program Service Revenue $0
Investment Income $7
Other Revenue $33,825
TOTAL REVENUE $195,659

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $92,039
Fundraising Expenses $16,332
Program Expenses $165,159
Other Expenses $72,120
TOTAL EXPENSES $165,159

Year-over-Year Comparison

2022 2021 Change
Revenue $195,659 N/A N/A
Expenses $165,159 N/A N/A
Net Income $30,500 N/A N/A
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
10
Independent Members
N/A
Employees
2
Volunteers
15

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
$62,850
Total Directors
8
$0
Key Employees
1
$62,850
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL SADLER PRESIDENTCEO 040.00
Officer Key Emp Highest
$62,850 $0 $62,850
MAYOR AL KOON HONOR BOARD MEMBER N/A
Director
$0 $0 $0
JULIE SHEALY BOARD MEMBER 002.00
Director
$0 $0 $0
DANIEL RENDELMAN BOARD MEMBER 002.00
Director
$0 $0 $0
RON PEREIRA BOARD MEMBER 002.00
Director
$0 $0 $0
LISA MINGES BOARD MEMBER 002.00
Director
$0 $0 $0
SHELBY MINGES BOARD MEMBER 002.00
Director
$0 $0 $0
GENE ROBERTSON BOARD MEMBER 002.00
Director
$0 $0 $0
SHANNON CARTER BOARD MEMBER 002.00
Director
$0 $0 $0
ELIZABETH GIERHART TREASURER 002.00
Officer
$0 $0 $0
NANCY WILLIAMSON PAST CHAIR 002.00
Officer
$0 $0 $0
WILLIAM LYNCH PAST CHAIR 002.00
Officer
$0 $0 $0
BILL WHITE CHAIR 003.00
Officer
$0 $0 $0
HOPE HAHN SECRETARY 002.00
Officer
$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
2022 $195,659 $165,159 $181,255 $30,500
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