MIAMI DADE CHAMBER OF COMMERCE FOUNDATION INC (EIN 371719921) - Form 990 Financial Analysis & Trantor Score

🔒

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

2003

Legal Domicile

Principal Officer

Eric Gordon Knowles

Phone

3057518648

Tax Period

2024-01-01 to 2024-12-31

MIAMI DADE CHAMBER OF COMMERCE FOUNDATION INC, founded in 2003, is a small nonprofit in the Education sector that reported $163K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $185K exceeded revenue, resulting in a 13% operating deficit.

Mission

The Foundation assumes the production of activities which is incorporated in the Business Empowerment Series. Its core programs are seminars for small business owners to learn proven strategies to grow their businesses.

🔒

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 $163,106

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $163,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,847

Other Expenses $184,847

TOTAL EXPENSES $184,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,106	$121,300	+0.3%
Expenses	$184,847	$97,195	+0.9%
Net Income	$-21,741	$24,105	-1.9%

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
Alvin West	Chair	2.00	Director	$0	$0	$0
Valerie Crawford	Board Member	2.00	Director	$0	$0	$0
Eric Gordon Knowles	Executive Director	2.00	Officer	$0	$0	$0
Wayne Davis	Board Member	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	$163,106	$184,847	$17,802	$-21,741
2023	$121,300	$97,195	$36,243	$24,105
2022	$28,060	$21,970	$10,438	$6,090
2021	$300	$5,770	$4,348	$-5,470
2020	$15,000	$17,309	$8,118	$-2,309
2019	No data	$6,661	$15,327	No data

MIAMI DADE CHAMBER OF COMMERCE FOUNDATION INC