HIGH POINT CHAMBER FOUNDATION

EIN: 581321573 501(c)(3) Philanthropy & Grantmaking

HIGH POINT, NC

Total Revenue
$1,972,938
Total Expenses
$2,188,234
Total Assets
$10,099,375
Net Assets
$6,299,000
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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
1977
Legal Domicile
NC
Principal Officer
RACHEL COLLINS
Phone
3368825000
Tax Period
2023-01-01 to 2023-12-31

HIGH POINT CHAMBER FOUNDATION, founded in 1977, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

HIGH POINT CHAMBER FOUNDATION PURPOSE IS TO ASSIST THE HIGH POINT CHAMBER OF COMMERCE. THE PURPOSE OF THE ORGANIZATION IS TO ANALYZE AND MAKE RECOMMENDATIONS REGARDING WAYS TO IMPROVE PUBLIC EDUCATION ENVIRONMENT IN THE LOCAL AREA, TO PROVIDE COMPUTERS AND COMPUTER EQUIPMENT TO REWARD LOCAL RECIPIENTS OF THE GENERAL EDUCATIONAL DEVELOPMENT CERTIFICATION, TO SURVEY LOCAL FACILITIES AND INFRASTRUCTURE IN ORDER TO ESTABLISH A PERPETUAL INDEX TO INFORM COMPANIES TO ATTRACT JOBS TO THE LOCAL AREA, AND TO DEVELOP EFFECTIVE LEADERS FOR THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $2,188,234 Revenue: $1,132,864

THE HIGH POINT CHAMBER FOUNDATION IS HOST TO MEETINGS FOR VARIOUS CIVIC ORGANIZATIONS IN HIGH POINT. THE CIVIC ORGANIZATIONS WHO HAVE THESE MEETINGS AT THE CHAMBER HAVE A PURPOSE CONSISTENT WITH THE...

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THE HIGH POINT CHAMBER FOUNDATION IS HOST TO MEETINGS FOR VARIOUS CIVIC ORGANIZATIONS IN HIGH POINT. THE CIVIC ORGANIZATIONS WHO HAVE THESE MEETINGS AT THE CHAMBER HAVE A PURPOSE CONSISTENT WITH THE HIGH POINT CHAMBER FOUNDATION'S MISSION. THE FOUNDATION DEVELOPED PROGRAM FACILITIES TO BE USED FOR BUSINESS DEVELOPMENT AND ECONOMIC STIMULATION OF THE DOWNTOWN CORE AREA OF HIGH POINT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $920,445
Program Service Revenue $0
Investment Income $63,280
Other Revenue $989,213
TOTAL REVENUE $1,972,938

Expense Breakdown

Grants Paid $0
Salaries & Benefits $314,903
Fundraising Expenses $0
Program Expenses $2,188,234
Other Expenses $1,873,331
TOTAL EXPENSES $2,188,234

Year-over-Year Comparison

2023 2022 Change
Revenue $1,972,938 $2,874,139 -0.3%
Expenses $2,188,234 $2,667,767 -0.2%
Net Income $-215,296 $206,372 -2.0%
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
6
Independent Members
5
Employees
N/A
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
$183,438
Total Directors
6
$183,438
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK THOMAS DIRECTOR 1.00
Director
$0 $0 $0
DARLENE LEONARD TREASURER 1.00
Officer Director
$0 $0 $0
ALEX MOORE CHAIRMAN 1.00
Officer Director
$0 $0 $0
MEGAN OGLESBY DIRECTOR 1.00
Director
$0 $0 $0
RACHEL COLLINS CEO 1.00
Officer Director
$0 $10,271 $183,438
GREG YORK DIRECTOR 1.00
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
2024 No data No data No data No data
2023 No data No data No data No data
2023 $1,972,938 $2,188,234 $10,099,375 $-215,296
2022 $2,874,139 $2,667,767 $10,130,151 $206,372
2021 $3,871,745 $1,615,081 $11,504,625 $2,256,664
2020 $946,898 $1,044,794 $9,178,801 $-97,896
2019 $1,235,794 $1,098,570 $5,397,473 $137,224
2018 $3,714,367 $1,026,715 $5,684,172 $2,687,652
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