CHAMBER OF COMMERCE OF ORANGE CITY (EIN 420992132) - 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

1936

Legal Domicile

Principal Officer

MIKE HOFMAN

Phone

7127074510

Tax Period

2022-10-01 to 2023-09-30

CHAMBER OF COMMERCE OF ORANGE CITY, founded in 1936, is a small nonprofit that reported $187K in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $259K exceeded revenue, resulting in a 38% operating deficit.

Mission

THE CHAMBER IS A NON-PROFIT, VOLUNTARY ORGANIZATION OF INDIVIDUALS AND BUSINESSES THAT JOIN TOGETHER TO ADVANCE OUR COMMUNITY IN ALL AREAS. THE CHAMBER IS MANY THINGS TO MANY PEOPLE: A CIVIC CLEARING-HOUSE; A PUBLIC RELATIONS COUNSELOR; AN INFORMATION BUREAU; A RESEARCH AND PROMOTIONAL MEDIUM.

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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 $36,250

Program Service Revenue $130,182

Investment Income $0

Other Revenue $21,011

TOTAL REVENUE $187,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,684

Fundraising Expenses $6,785

Program Expenses $225,087

Other Expenses $123,214

TOTAL EXPENSES $258,898

Year-over-Year Comparison

	2022	2021	Change
Revenue	$187,443	$216,710	-0.1%
Expenses	$258,898	$185,697	+0.4%
Net Income	$-71,455	$31,013	-3.3%

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

Volunteers

200

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

$127,289

Total Directors

$127,289

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE HOFMAN	EXECUTIVE DI	40.00	Officer Director	$106,893	$20,396	$127,289
MONICA AALBERS	SECRETARY	5.00	Officer Director	$0	$0	$0
MARIE HOFMEYER	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
ETHAN HUIZENGA	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS IMMEKER	DIRECTOR	5.00	Director	$0	$0	$0
RYAN MCEWEN	CITY REPRESE	5.00	Officer Director	$0	$0	$0
MATT WEG	VICE CHAIR	5.00	Officer 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	$187,443	$258,898	$77,036	$-71,455
2022	$216,710	$185,697	$178,841	$31,013
2021	$239,679	$215,589	$95,916	$24,090
2020	$402,788	$339,119	$75,435	$63,669
2019	$274,083	$282,262	$37,978	$-8,179
2018	$286,956	$297,610	$44,257	$-10,654

CHAMBER OF COMMERCE OF ORANGE CITY