THE GREATER FAIR BLUFF CHAMBER OF COMMERCE

EIN: 580013339

FAIR BLUFF, NC

Total Revenue
$342,941
Total Expenses
$166,421
Total Assets
$248,775
Net Assets
$248,775
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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
1981
Legal Domicile
NC
Principal Officer
KATHY ASHLEY
Phone
9106497202
Tax Period
2024-01-01 to 2024-12-31

THE GREATER FAIR BLUFF CHAMBER OF COMMERCE, founded in 1981, is a small nonprofit that reported $343K in total revenue in fiscal year 2024. The organization ran a surplus of $177K, a strong 51% operating margin.

Mission

PROMOTION OF ECONOMIC DEVELOPMENT WITHIN THE TOWN OF FAIR BLUFF AS WELL AS OPERATION OF THE VISITOR'S CENTER.

Program Service Accomplishments

Program 1

PROMOTION OF ECONOMIC DEVELOPMENT WITHIN THE TOWN OF FAIR BLUFF AS WELL AS OPERATION OF THE VISITOR'S CENTER.

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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 $340,000
Program Service Revenue $0
Investment Income $940
Other Revenue $2,001
TOTAL REVENUE $342,941

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,079
Fundraising Expenses $0
Other Expenses $71,342
TOTAL EXPENSES $166,421

Year-over-Year Comparison

2024 2023 Change
Revenue $342,941 N/A N/A
Expenses $166,421 N/A N/A
Net Income $176,520 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
7
Independent Members
7
Employees
6
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY ASHLEY PRESIDENT N/A
Officer
$0 $0 $0
NEIL SMITH VICE-PRESIDE N/A
Officer
$0 $0 $0
TIFFANY BURROUGHS SECRETARY/TR N/A
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
2024 $342,941 $166,421 $248,775 $176,520
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