South Shore Chamber of Commerce

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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

2014

Legal Domicile

Principal Officer

Tonya Trice

Phone

7739559508

Tax Period

2024-01-01 to 2024-12-31

South Shore Chamber of Commerce, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $209K in total revenue in fiscal year 2024. Expenses of $202K left a modest 3% surplus.

Mission

To provide technical and management assistance to revitalize the South Shore neighborhood and to improve the quality of life fo residents

Program Service Accomplishments

Program 1

Expenses: $198,658 Revenue: $200,857

To provide technical and management assistance to revitalize the South Shore neighborhood and to improve the quality of life fo residents

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $200,857

Investment Income $0

Other Revenue $8,004

TOTAL REVENUE $208,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $198,658

Other Expenses $202,088

TOTAL EXPENSES $202,088

Year-over-Year Comparison

	2024	2023	Change
Revenue	$208,861	$207,465	+0.0%
Expenses	$202,088	$194,032	+0.0%
Net Income	$6,773	$13,433	-0.5%

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

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
Gerald Williams	Director	2.00	Director	$0	$0	$0
Pamela Gates	Director	2.00	Director	$0	$0	$0
Joyce Gibson	Director	2.00	Director	$0	$0	$0
Eli Williamson	Director	2.00	Director	$0	$0	$0
Linda Saunders	Director	2.00	Director	$0	$0	$0
Val Free	Director	2.00	Director	$0	$0	$0
Michelle Redd Newell	Director	2.00	Director	$0	$0	$0
Jerald Gary	Director	2.00	Director	$0	$0	$0
Joyce Tucker Ware	Director	2.00	Director	$0	$0	$0
Shantanae Robinson	Director	2.00	Director	$0	$0	$0
Cory Thomas	President	2.00	Officer	$0	$0	$0
Helena Wright	Secretary	2.00	Officer	$0	$0	$0
Dr Maureen M White	Treasurer	2.00	Officer	$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	$208,861	$202,088	$16,791	$6,773
2023	$207,465	$194,032	$25,170	$13,433