Ocala-Marion County Chamber of Commerce Inc

EIN: 590345090

Ocala, FL

Total Revenue
$3,790,992
Total Expenses
$3,694,767
Total Assets
$2,350,733
Net Assets
$1,357,715
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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
1972
Legal Domicile
FL
Principal Officer
Kevin Sheilley
Phone
3526298051
Tax Period
2023-01-01 to 2023-12-31

Ocala-Marion County Chamber of Commerce Inc, founded in 1972, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

To be a catalyst for a prosperous community by working with membership and providing programs that foster economic development and improved quality of life in Ocala and Marion County.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,349,791
Program Service Revenue $1,441,201
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,790,992

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,588,053
Fundraising Expenses $0
Program Expenses $2,052,896
Other Expenses $1,106,714
TOTAL EXPENSES $3,694,767

Year-over-Year Comparison

2023 2022 Change
Revenue $3,790,992 $3,064,004 +0.2%
Expenses $3,694,767 $3,092,347 +0.2%
Net Income $96,225 $-28,343 -4.4%
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
34
Independent Members
34
Employees
29
Volunteers
650

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
6
$235,678
Total Directors
34
$0
Key Employees
1
$235,678
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris Langley Chair 1.25
Officer Director
$0 $0 $0
Charisse Rivers Vice Chair 1.25
Officer Director
$0 $0 $0
Dwayne Carlton Secretary 1.25
Officer Director
$0 $0 $0
Navroz Saju Treasurer 1.25
Officer Director
$0 $0 $0
Angie Lewis Past Chair 1.25
Officer Director
$0 $0 $0
Ken Ausley At Large 1.25
Director
$0 $0 $0
Justin Garner At Large 1.25
Director
$0 $0 $0
Todd Rudnianyn At Large 1.25
Director
$0 $0 $0
Doug Cone At Large 1.25
Director
$0 $0 $0
Mounir Bouyounes Director 0.50
Director
$0 $0 $0
Greg Harrell Director 0.50
Director
$0 $0 $0
Dr Jim Henningson Director 0.50
Director
$0 $0 $0
Dr Diane Gullett Director 0.50
Director
$0 $0 $0
Peter Lee Director 0.50
Director
$0 $0 $0
William Woods Director 0.50
Director
$0 $0 $0
Rob Batsel Director 0.50
Director
$0 $0 $0
Denver Beck Director 0.50
Director
$0 $0 $0
Nicolas Blase Director 0.50
Director
$0 $0 $0
Thad Boyd Director 0.50
Director
$0 $0 $0
Ken Daley Director 0.50
Director
$0 $0 $0
Robin Gump Director 0.50
Director
$0 $0 $0
Joel Gunter Director 0.50
Director
$0 $0 $0
Alan Keesee Director 0.50
Director
$0 $0 $0
Jared Konstanty Director 0.50
Director
$0 $0 $0
Phil Lowery Director 0.50
Director
$0 $0 $0
Ashley Miller Director 0.50
Director
$0 $0 $0
John Paglia III Director 0.50
Director
$0 $0 $0
Lina Piedrahita Director 0.50
Director
$0 $0 $0
Rebecca Rodgers Director 0.50
Director
$0 $0 $0
Erika Skula Director 0.50
Director
$0 $0 $0
Troy Thurston Director 0.50
Director
$0 $0 $0
Mike Vimig Director 0.50
Director
$0 $0 $0
Addie Ways Director 0.50
Director
$0 $0 $0
Curtis Wynn Director 0.50
Director
$0 $0 $0
Kevin Sheilley President & CEO 40.00
Officer Key Emp Highest
$235,678 $0 $235,678
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
2023 $3,790,992 $3,694,767 $2,350,733 $96,225
2022 $3,064,004 $3,092,347 $1,812,577 $-28,343
2021 $3,025,739 $2,654,951 $1,830,903 $370,788
2020 $2,383,594 $2,350,497 $1,377,622 $33,097
2019 $2,406,751 $2,284,292 $1,234,911 $122,459
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