GREATER KEY WEST CHAMBER OF COMMERCE (EIN 590317595) - 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

1978

Legal Domicile

Phone

3052942587

Tax Period

2024-01-01 to 2024-12-31

GREATER KEY WEST CHAMBER OF COMMERCE, founded in 1978, is a small nonprofit that reported $985K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $190K, a strong 19% operating margin.

Mission

PROMOTER OF CIVIC WELFARE

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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 $255,067

Program Service Revenue $602,536

Investment Income $44,167

Other Revenue $83,205

TOTAL REVENUE $984,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $390,758

Fundraising Expenses $0

Program Expenses $676,042

Other Expenses $403,728

TOTAL EXPENSES $794,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$984,975	$814,405	+0.2%
Expenses	$794,486	$883,362	-0.1%
Net Income	$190,489	$-68,957	-3.8%

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

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

$140,620

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY BAKER	Executive Dir.	40.00	Officer	$140,620	$0	$140,620
BRITTANY SNYDER	Treasurer	2.00	Officer Director	$0	$0	$0
CARA HIGGINS	Director	1.00	Director	$0	$0	$0
JOHN TOPPINO	2nd V President	1.00	Officer Director	$0	$0	$0
BILL LAY	Director	1.00	Director	$0	$0	$0
MARK ROSSI	Director	1.00	Director	$0	$0	$0
GARY CARNEY	Director	1.00	Director	$0	$0	$0
JOE CASO	Director	1.00	Director	$0	$0	$0
TRAVIS DOLL	Director	1.00	Director	$0	$0	$0
DAVID CLAY	Director	1.00	Director	$0	$0	$0
GEORGE FERNANDEZ	Director	1.00	Director	$0	$0	$0
STEVEN NEKHEILA	Director	1.00	Director	$0	$0	$0
JIM WILSON	President	2.00	Officer Director	$0	$0	$0
MELISSA KENDRICK	Appointee	1.00	Officer Director	$0	$0	$0
SUZANNE MOORE	Director	1.00	Director	$0	$0	$0
DIANE SCHMIDT	Past President	1.00	Officer Director	$0	$0	$0
Daylin Starks	Director	1.00	Director	$0	$0	$0
GREG SULLIVAN	Appointee	1.00	Officer Director	$0	$0	$0
VAN FISCHER	Director	1.00	Director	$0	$0	$0
CASEY ARNOLD	Secretary	2.00	Officer Director	$0	$0	$0
ANDREW ROSUCK	Director	1.00	Director	$0	$0	$0
AMBER SHAFFER	1st V President	2.00	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	$984,975	$794,486	$1,098,467	$190,489
2023	$814,405	$883,362	$891,684	$-68,957
2022	$896,085	$831,803	$887,434	$64,282
2021	$984,776	$763,117	$877,425	$221,659
2020	$692,107	$790,106	$748,924	$-97,999
2019	$900,692	$944,352	$988,089	$-43,660
2018	$867,930	$816,606	$836,072	$51,324

GREATER KEY WEST CHAMBER OF COMMERCE