Seagoville 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

2013

Legal Domicile

Principal Officer

MICHAEL MCDANIEL

Phone

9722875184

Tax Period

2024-01-01 to 2024-12-31

Seagoville Chamber of Commerce, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $155K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

Promotion of the City of Seagoville and advocation of economic growth and tourism.

Program Service Accomplishments

Program 1

Events to promote tourism and the growth of the economy in the City of Seagoville

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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 $153,465

Investment Income $491

Other Revenue $1,153

TOTAL REVENUE $155,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,978

Fundraising Expenses $0

Other Expenses $104,712

TOTAL EXPENSES $160,690

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,109	$223,145	-0.3%
Expenses	$160,690	$170,396	-0.1%
Net Income	$-5,581	$52,749	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Prater	President Elect	N/A	Officer	$0	$0	$0
Michael McDaniel	President	N/A	Officer	$0	$0	$0
Craig McLemore	Vice President	N/A	Officer	$0	$0	$0
Terri Shatter	Secretary	N/A	Officer	$0	$0	$0
Katrina Verduzco	Treasurer	N/A	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	$155,109	$160,690	$86,910	$-5,581
2023	$223,145	$170,396	$92,491	$52,749
2022	$265,972	$136,771	$129,201	$129,201