FRIENDSWOOD CHAMBER OF COMMERCE

EIN: 237174532

FRIENDSWOOD, TX

Total Revenue
$285,857
Total Expenses
$261,597
Total Assets
$434,182
Net Assets
$430,238
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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
1964
Legal Domicile
TX
Principal Officer
CAROL MARCANTEL
Phone
2814823329
Tax Period
2023-01-01 to 2023-12-31

FRIENDSWOOD CHAMBER OF COMMERCE, founded in 1964, is a small nonprofit that reported $286K in total revenue in fiscal year 2023. Expenses of $262K left a modest 8% surplus.

Mission

FOSTER AND PROTECT COMMUNITY GOODWILL

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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 $133,360
Program Service Revenue $0
Investment Income $0
Other Revenue $152,497
TOTAL REVENUE $285,857

Expense Breakdown

Grants Paid $1,408
Salaries & Benefits $174,436
Fundraising Expenses $0
Other Expenses $85,753
TOTAL EXPENSES $261,597

Year-over-Year Comparison

2023 2022 Change
Revenue $285,857 $264,932 +0.1%
Expenses $261,597 $251,148 +0.0%
Net Income $24,260 $13,784 +0.8%
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
12
Independent Members
12
Employees
3
Volunteers
47

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
1
$88,688
Total Directors
13
$88,688
Key Employees
1
$88,688
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL MARCANTEL PRESIDENT 40.00
Officer Director Key Emp Highest
$88,688 $0 $88,688
ALEX BLALOCK DIRECTOR 2.00
Director
$0 $0 $0
CINDY DEATON DIRECTOR 2.00
Director
$0 $0 $0
DENISE SPRUIELL DIRECTOR 2.00
Director
$0 $0 $0
CYNDEY BUTCHER DIRECTOR 2.00
Director
$0 $0 $0
DAVID LORENZ DIRECTOR 2.00
Director
$0 $0 $0
SCOTT MACKENZIE DIRECTOR 2.00
Director
$0 $0 $0
LEANN SHOEMAKER DIRECTOR 2.00
Director
$0 $0 $0
MEGAN HEARD DIRECTOR 2.00
Director
$0 $0 $0
ROBERT SMITHHART CHAIRMAN 2.00
Director
$0 $0 $0
BECK TROUT DIRECTOR 2.00
Director
$0 $0 $0
DAN GARZA SR DIRECTOR 2.00
Director
$0 $0 $0
LINDSEY VAUGHN DIRECTOR 2.00
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 $285,857 $261,597 $434,182 $24,260
2022 $264,932 $251,148 $409,767 $13,784
2021 $283,694 $226,497 $418,639 $57,197
2021 $254,994 $226,497 $418,639 $28,497
2020 $246,752 $225,598 $430,144 $21,154
2019 $250,775 $251,172 $357,491 $-397
2018 $233,402 $239,394 $363,801 $-5,992
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