FORT WORTH CHAMBER DEVELOPMENT FOUNDATION

EIN: 202354924 501(c)(3) Community Improvement

FORT WORTH, TX

Total Revenue
$176,100
Total Expenses
$1,390,835
Total Assets
$131,445
Net Assets
$131,445
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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
2006
Legal Domicile
TX
Principal Officer
STEPHEN MONTGOMERY
Phone
8173362491
Tax Period
2023-01-01 to 2023-12-31

FORT WORTH CHAMBER DEVELOPMENT FOUNDATION, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $176K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 690% operating deficit.

Mission

TO SUPPORT AND DEVELOP THE GROWTH OF THE CITY OF FORT WORTH.

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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 $176,100
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $176,100

Expense Breakdown

Grants Paid $1,245,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,390,835
Other Expenses $145,835
TOTAL EXPENSES $1,390,835

Year-over-Year Comparison

2023 2022 Change
Revenue $176,100 $1,466,301 -0.9%
Expenses $1,390,835 $156,790 +7.9%
Net Income $-1,214,735 $1,309,511 -1.9%
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
14
Independent Members
13
Employees
N/A
Volunteers
15

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
2
$382,635
Total Directors
15
$382,635
Key Employees
1
$231,814
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDOM GENGELBACH CHAMBER PRESIDENT & CEO, P 0.50
Officer Director
$0 $24,703 $245,691
DEE KELLY JR CHAIRMAN/DIRECTOR 0.00
Director
$0 $0 $0
BRIAN BARNARD VICE CHAIRMAN/DIRECTOR 0.00
Director
$0 $0 $0
ALLYSON BAUMEISTER SEC/TREAS/DIRECTOR 0.00
Director
$0 $0 $0
MIKE BERRY DIRECTOR 0.00
Director
$0 $0 $0
VERNON BRYANT DIRECTOR 0.00
Director
$0 $0 $0
DAVID COOKE DIRECTOR 0.00
Director
$0 $0 $0
ALBON HEAD DIRECTOR 0.00
Director
$0 $0 $0
JEFF KING DIRECTOR 0.00
Director
$0 $0 $0
LONNIE NICHOLSON DIRECTOR 0.00
Director
$0 $0 $0
MARTIN NOTO DIRECTOR 0.00
Director
$0 $0 $0
MARK NURDIN DIRECTOR 0.00
Director
$0 $0 $0
ROBERT STURNS DIRECTOR 0.00
Director
$0 $0 $0
WES TURNER DIRECTOR 0.00
Director
$0 $0 $0
STEVE MONTGOMERY CHAMBER PRESIDENT & CEO, P 0.50
Officer Director
$0 $11,290 $136,944
PATRICIA STEELMAN ASSISTANT SEC/TREAS 1.00
Key Emp
$0 $16,602 $231,814
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 $176,100 $1,390,835 $131,445 $-1,214,735
2022 $1,466,301 $156,790 $1,372,375 $1,309,511
2021 $261,300 $257,356 $38,163 $3,944
2020 $259,341 $485,367 $43,091 $-226,026
2019 $212,589 $161,300 $258,751 $51,289
2018 $356,524 $222,500 $217,462 $134,024
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