LAKE CITY-COLUMBIA COUNTY CHAMBER OF COMMERCE INC (EIN 590323804) - 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

1967

Legal Domicile

Principal Officer

JOSHUA MCDOUGAL

Phone

3867523690

Tax Period

2024-01-01 to 2024-12-31

LAKE CITY-COLUMBIA COUNTY CHAMBER OF COMMERCE INC, founded in 1967, is a small nonprofit that reported $337K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $308K left a modest 9% surplus.

Mission

THE LAKE CITY-COLUMBIA COUNTY CHAMBER OF COMMERCE WAS ORGANIZED TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE LAKE CITY-COLUMBIA COUNTY AREA, SERVICING OVER 400 MEMBERS AND THE COMMUNITY.

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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 $151,175

Program Service Revenue $90,490

Investment Income $9,475

Other Revenue $85,957

TOTAL REVENUE $337,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,677

Fundraising Expenses $0

Other Expenses $143,757

TOTAL EXPENSES $308,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$337,097	$275,655	+0.2%
Expenses	$308,434	$286,073	+0.1%
Net Income	$28,663	$-10,418	-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

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
CESSIE COTHRAN	PRESIDENT EL	N/A	Director	$0	$0	$0
JOHN KASAK	PAST PRESIDE	N/A	Director	$0	$0	$0
JOSHUA MCDOUGAL	PRESIDENT	N/A	Director	$0	$0	$0
SUZANNE NORRIS	TREASURER	N/A	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	$337,097	$308,434	$884,153	$28,663
2023	$275,655	$286,073	$841,990	$-10,418
2022	$461,517	$241,201	$881,517	$220,316
2021	$216,820	$420,949	$638,180	$-204,129
2020	$187,475	$283,971	$867,700	$-96,496
2019	$256,617	$274,361	$969,832	$-17,744
2018	$304,696	$278,990	$1,030,223	$25,706

LAKE CITY-COLUMBIA COUNTY CHAMBER OF COMMERCE INC