MISSISSIPPI GULF COAST CHAMBER OF … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

ADELE LYONS

Phone

2286040014

Tax Period

2024-01-01 to 2024-12-31

MISSISSIPPI GULF COAST CHAMBER OF COMMERCE FOUNDATION INC, founded in 2008, is a micro nonprofit in the Community Improvement sector that reported $770 in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $24K exceeded revenue, resulting in a 3074% operating deficit.

Mission

TO ORGANIZE, FUND AND IMPLEMENT EDUCATIONAL AND INFORMATIONAL PROGRAMS AIMED TO ENHANCE PROFESSIONAL AND LEADERSHIP DEVELOPMENT FOR BUSINESSES AND LEADERSHIP DEVELOPMENT FOR CURRENT AND FUTURE COMMUNITY LEADERS ON THE MISSISSIPPI GULF COAST.

Program Service Accomplishments

Program 1

Expenses: $19,609

DISTRIBUTED GRANTS TO ITS AFFILIATE, MISSISSIPPI GULF COAST CHAMBER OF COMMERCE, INC., AND BUSINESSES WITHIN THE MISSISSIPPI GULF COAST COMMUNITY, TO HELP SUPPORT EDUCATION, LEADERSHIP, AND SMALL...

DISTRIBUTED GRANTS TO ITS AFFILIATE, MISSISSIPPI GULF COAST CHAMBER OF COMMERCE, INC., AND BUSINESSES WITHIN THE MISSISSIPPI GULF COAST COMMUNITY, TO HELP SUPPORT EDUCATION, LEADERSHIP, AND SMALL BUSINESS DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $626

Program Service Revenue $0

Investment Income $144

Other Revenue $0

TOTAL REVENUE $770

Expense Breakdown

Grants Paid $19,609

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,609

Other Expenses $4,829

TOTAL EXPENSES $24,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$770	$7,016	-0.9%
Expenses	$24,438	$32,587	-0.3%
Net Income	$-23,668	$-25,571	-0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
RIC WILLIAMS	CHAIR	0.25	Officer Director	$0	$0	$0
CLAY WAGNER	PAST CHAIR	0.25	Officer Director	$0	$0	$0
DIRK BARRIENT	MEMBER	0.25	Director	$0	$0	$0
CINDY DUVALL	TREASURER	0.25	Officer Director	$0	$0	$0
WES FULMER	MEMBER	0.25	Director	$0	$0	$0
ADELE LYONS	CHEIF EXECUTIVE OFFICER	2.00	Officer Director	$0	$0	$0
ERIC BROWN	MEMBER	0.25	Director	$0	$0	$0
GREG CRONIN	MEMBER	0.25	Director	$0	$0	$0
KAREN SOCK	MEMBER	0.25	Director	$0	$0	$0
ERIC CHAMBLESS	MEMBER	0.25	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	$770	$24,438	$551,763	$-23,668
2023	$7,016	$32,587	$575,431	$-25,571
2022	$226	$33,240	$601,002	$-33,014
2021	$35,376	$50,064	$634,016	$-14,688
2020	$115,057	$49,673	$648,703	$65,384
2019	$35,056	$43,112	$583,318	$-8,056
2018	$40,008	$47,177	$591,372	$-7,169

MISSISSIPPI GULF COAST CHAMBER OF COMMERCE FOUNDATION INC