Seagoville Chamber of Commerce

EIN: 472234629 Community Improvement

Seagoville, TX

Total Revenue
$155,109
Total Expenses
$160,690
Total Assets
$86,910
Net Assets
$86,910
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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
TX
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.

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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%)

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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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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