BAY COUNTY CHAMBER OF COMMERCE INC (EIN 590391375) - 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

1913

Legal Domicile

Principal Officer

PATRICK CHAPIN

Phone

8507855206

Tax Period

2023-01-01 to 2023-12-31

BAY COUNTY CHAMBER OF COMMERCE INC, founded in 1913, is a small nonprofit that reported $961K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO DEVELOP, ENHANCE, AND MAINTAIN A VIABLE BUSINESS CLIMATE AND PROVIDE LEADERSHIP IN THE DEVELOPMENT OF ECONOMIC GROWTH AND QUALITY OF LIFE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $535,979

Program Service Revenue $202,774

Investment Income $33,950

Other Revenue $188,457

TOTAL REVENUE $961,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $615,648

Fundraising Expenses $116,381

Program Expenses $438,051

Other Expenses $326,396

TOTAL EXPENSES $942,044

Year-over-Year Comparison

	2023	2022	Change
Revenue	$961,160	$882,737	+0.1%
Expenses	$942,044	$882,717	+0.1%
Net Income	$19,116	$20	+954.8%

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

$152,027

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARRETT ANDERSON	PAST CHAIRMA	10.00	Officer Director	$0	$0	$0
KYLE SHOOTS	CHAIRMAN	20.00	Officer Director	$0	$0	$0
JOE HOLT	CHAIRMAN ELE	10.00	Officer Director	$0	$0	$0
SHANE BOYETT	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
DEDE ROWAN	VICE CHAIR C	5.00	Officer Director	$0	$0	$0
ALLEN ARMSTRONG	TREASURER	5.00	Officer Director	$0	$0	$0
SHAY CATRETT	DIRECTOR	N/A	Director	$0	$0	$0
CATHERINE MCCLOY	DIRECTOR	N/A	Director	$0	$0	$0
JOHN POLLMAN	DIRECTOR	N/A	Director	$0	$0	$0
CAROL ROBERTS	CEO/PRESIDEN	40.00	Officer	$152,027	$0	$152,027
MOHIT SAMTANI	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS STAMPS	DIRECTOR	N/A	Director	$0	$0	$0
CLINT MIZELL	DIRECTOR	N/A	Director	$0	$0	$0
CHASE CHRISTIANSON	DIRECTOR	N/A	Director	$0	$0	$0
KAYDEE ALBRITTON	DIRECTOR	N/A	Director	$0	$0	$0
LINDSAY FARRIS	DIRECTOR	N/A	Director	$0	$0	$0
LISA FELIX	DIRECTOR	N/A	Director	$0	$0	$0
JUSTIN HALL	DIRECTOR	N/A	Director	$0	$0	$0
CORBIN MCCALL	DIRECTOR	N/A	Director	$0	$0	$0
ZACK SANCHEZ	DIRECTOR	N/A	Director	$0	$0	$0
JEREMY BENNETT	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS BROOKS	DIRECTOR	N/A	Director	$0	$0	$0
TRICIA BERRY	DIRECTOR	N/A	Director	$0	$0	$0
DAVE WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
BRENDAN D'ISERNIA	DIRECTOR	N/A	Director	$0	$0	$0
ARTHUR CULLEN	DIRECTOR	N/A	Director	$0	$0	$0
PATRICK CHAPIN	CEO/PRESIDEN	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	No data	No data	No data	No data
2023	$961,160	$942,044	$1,653,000	$19,116
2022	$882,737	$882,717	$1,584,068	$20
2021	$922,888	$1,017,990	$1,632,209	$-95,102
2020	$840,488	$815,042	$1,649,290	$25,446
2019	$1,010,860	$986,169	$1,576,332	$24,691
2018	$1,349,395	$1,005,707	$1,423,882	$343,688

BAY COUNTY CHAMBER OF COMMERCE INC