MONTGOMERY COUNTY CHAMBER OF COMME… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

STEVE M BAFFUTO

Phone

5403823020

Tax Period

2024-01-01 to 2024-12-31

MONTGOMERY COUNTY CHAMBER OF COMMERCE INC, founded in 2003, is a small nonprofit that reported $518K in total revenue in fiscal year 2024. Expenses of $488K left a modest 6% surplus.

Mission

TO PROMOTE A POSITIVE ENVIRONMENT FOR THE OPERATION AND GROWTH OF BUSINESS IN MONTGOMERY COUNTY AND THE NEW RIVER VALLEY.

Program Service Accomplishments

Program 1

Expenses: $221,276 Revenue: $216,752

FOSTER AND PROMOTE THE GENERAL WELFARE OF THE NEW RIVER VALLEY ECONOMIC REGION SO THAT ITS CITIZENS AND ALL AREAS OF ITS BUSINESS COMMUNITY SHALL PROSPER.

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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 $274,103

Program Service Revenue $216,752

Investment Income $0

Other Revenue $27,639

TOTAL REVENUE $518,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,047

Fundraising Expenses $52,652

Program Expenses $221,276

Other Expenses $231,661

TOTAL EXPENSES $487,708

Year-over-Year Comparison

	2024	2023	Change
Revenue	$518,494	$493,428	+0.1%
Expenses	$487,708	$451,962	+0.1%
Net Income	$30,786	$41,466	-0.3%

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

$89,796

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE M BAFFUTO	PRESIDENT AN	40.00	Officer	$85,222	$4,574	$89,796
JAMES CABLER	CHAIR	0.50	Officer Director	$0	$0	$0
REID BROUGHTON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
TERRY VANGELOS	TREASURER	0.50	Officer Director	$0	$0	$0
DEVIN TOBIN	MEMBERSHIP C	0.50	Officer Director	$0	$0	$0
MARIANNE WASHINGTON	MEMBER-AT-LA	0.50	Officer Director	$0	$0	$0
KELLY KENDRICK	MEMBER-AT-LA	0.50	Officer Director	$0	$0	$0
ROBYN JONES	PAST CHAIR	0.50	Officer Director	$0	$0	$0
SCOTT WALLACE	DIRECTOR	0.50	Director	$0	$0	$0
BIF JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
TODD ROBERTSON	DIRECTOR	0.50	Director	$0	$0	$0
EMILY GIBSON	DIRECTOR	0.50	Director	$0	$0	$0
JEANNA SYMANOSKI	DIRECTOR	0.50	Director	$0	$0	$0
LOGAN KESSINGER	DIRECTOR	0.50	Director	$0	$0	$0
SAMANTHA LIVESAY	DIRECTOR	0.50	Director	$0	$0	$0
JENN MAJDANIK	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH ROGERS	DIRECTOR	0.50	Director	$0	$0	$0
DEANNA DICKERSON	DIRECTOR	0.50	Director	$0	$0	$0
AMY WEBB	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN BYRD	DIRECTOR	0.50	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	$518,494	$487,708	$165,834	$30,786
2024	$518,494	$487,708	$165,834	$30,786
2023	$493,428	$451,962	$142,033	$41,466
2022	$418,902	$439,647	$98,332	$-20,745
2021	$424,133	$410,674	$126,269	$13,459
2020	$391,779	$376,818	$111,044	$14,961
2019	$393,319	$391,220	$96,460	$2,099
2018	$368,513	$353,948	$97,382	$14,565

MONTGOMERY COUNTY CHAMBER OF COMMERCE INC