Carroll County Chamber of Commerce

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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

1985

Legal Domicile

Principal Officer

Brad Hurley

Phone

7319864664

Tax Period

2024-07-01 to 2025-06-30

Carroll County Chamber of Commerce, founded in 1985, is a small nonprofit that reported $227K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

To advance the commercial, industrial, civic and general interests of Carroll County and its trade area.

Program Service Accomplishments

Program 1

Expenses: $213,524

Several commercial, industrial, civic and general interests of the county were advanced.

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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 (2024)

Revenue Breakdown

Contributions & Grants $44,072

Program Service Revenue $159,871

Investment Income $1,293

Other Revenue $22,000

TOTAL REVENUE $227,236

Expense Breakdown

Grants Paid $16,270

Salaries & Benefits $92,717

Fundraising Expenses $0

Program Expenses $213,524

Other Expenses $131,993

TOTAL EXPENSES $240,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,236	$209,861	+0.1%
Expenses	$240,980	$215,728	+0.1%
Net Income	$-13,744	$-5,867	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cliff Sturdivant	Director	1.00	Director	$0	$0	$0
Stephanie Warbritton	Director	1.00	Director	$0	$0	$0
Patricia Turner	Director	1.00	Director	$0	$0	$0
Don Reed	Director	1.00	Director	$0	$0	$0
John Sanders	Director	1.00	Director	$0	$0	$0
Joe Smothers	Director	1.00	Director	$0	$0	$0
Jackie Streetman	Director	1.00	Director	$0	$0	$0
Terry Bradshaw	Director	1.00	Director	$0	$0	$0
Mandy Bryant	Director	1.00	Director	$0	$0	$0
Ben Canovan	Director	1.00	Director	$0	$0	$0
David Duncan	Director	1.00	Director	$0	$0	$0
Brent Bullock	Director	1.00	Director	$0	$0	$0
Melissa Barker	Director	1.00	Director	$0	$0	$0
Chuck Sisson	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
2025	$227,236	$240,980	$334,286	$-13,744
2024	$209,861	$215,728	$344,994	$-5,867
2023	$197,655	$228,178	$350,337	$-30,523
2022	$224,325	$249,751	$379,858	$-25,426
2021	$241,543	$217,307	$403,534	$24,236
2020	$271,641	$212,964	$377,927	$58,677
2019	$199,806	$275,836	$319,267	$-76,030
2018	$241,365	$275,783	$394,494	$-34,418