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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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

(1) TO PROMOTE THE ADVANCEMENT AND DISSEMINATION OF KNOWLEDGE AND UNDERSTANDING IN ECONOMICS, FINANCE, EDUCATION & TRAINING, SCIENCE, AND TECHNOLOGY THROUGHOUT THE COMMUNITY OF HIGH POINT, NORTH CAROLINA AND ITS REGION WITH REGARD TO SOLVING COMMUNITY PROBLEMS AND EXPLORING ECONOMIC OPPORTUNITIES.(2)TO COMBAT COMMUNITY DETERIORATION AND PROMOTE THE DEVELOPMENT OF A BROADLY-BASED ECONOMY IN HIGH POINT, NORTH CAROLINA AND ITS REGION.(3)TO ENGAGE IN OTHER CHARITABLE, EDUCATIONAL AND SCIENTIFIC ACTIVITIES FOR THE BENEFIT OF HIGH POINT, NORTH CAROLINA AND ITS REGION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HIGH POINT CHAMBER FOUNDATION with other nonprofits in North Carolina and across the country.