GREATER SARASOTA CHAMBER OF COMMERCE FOUNDATION INC (EIN 261563145) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

HEATHER KASTEN

Phone

9419558187

Tax Period

2022-10-01 to 2023-09-30

GREATER SARASOTA CHAMBER OF COMMERCE FOUNDATION INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $485K in total revenue in fiscal year 2022. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $826K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO CONDUCT EDUCATIONAL, TRAINING, WORKFORCE AND LEADERSHIP DEVELOPMENT PROGRAMS IN SARASOTA COUNTY

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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 (2022)

Revenue Breakdown

Contributions & Grants $471,976

Program Service Revenue $0

Investment Income $12,866

Other Revenue $0

TOTAL REVENUE $484,842

Expense Breakdown

Grants Paid $471,963

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $823,131

Other Expenses $353,923

TOTAL EXPENSES $825,886

Year-over-Year Comparison

	2022	2021	Change
Revenue	$484,842	$947,385	-0.5%
Expenses	$825,886	$947,426	-0.1%
Net Income	$-341,044	$-41	+8317.1%

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

N/A

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

$262,161

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAM TRUITT	CHAIRPERSON	0.25	Officer Director	$0	$0	$0
ROBERT MESSICK	SECRETARY	0.25	Officer Director	$0	$0	$0
ROB LANE	TREASURER	0.25	Officer Director	$0	$0	$0
JOHN CRANOR	DIRECTOR	0.25	Director	$0	$0	$0
DR CAROL PROBTSFELD	DIRECTOR	0.25	Director	$0	$0	$0
HEATHER KASTEN	PRESIDENT	0.25	Officer	$0	$27,727	$219,290
DAN SIDLER	VICE PRESIDENT	0.25	Officer	$0	$83	$42,871

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$484,842	$825,886	$1,005,955	$-341,044
2022	$947,385	$947,426	$1,374,527	$-41
2021	$807,466	$839,342	$1,351,995	$-31,876
2020	$618,250	$621,423	$1,386,533	$-3,173
2019	$1,642,811	$361,080	$1,383,103	$1,281,731
2018	$202,171	$143,782	$109,513	$58,389

GREATER SARASOTA CHAMBER OF COMMERCE FOUNDATION INC