GREATER SARASOTA CHAMBER OF COMMERCE INC (EIN 590435955) - 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

1965

Legal Domicile

Principal Officer

HEATHER KASTEN

Phone

9419558187

Tax Period

2024-10-01 to 2025-09-30

GREATER SARASOTA CHAMBER OF COMMERCE INC, founded in 1965, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

THE GREATER SARASOTA CHAMBER OF COMMERCE WORKS TO CULTIVATE SARASOTA'S PROSPERITY AND QUALITY OF LIFE THROUGH OUR MEMBER BUSINESSES. IT PROVIDES THE LEADERSHIP TO PROMOTE A DIVERSE, BALANCED,AND ETHICAL BUSINESS CLIMATE THAT ENHANCES THE WELL BEING OF ALL IN THE GREATER SARASOTA COUNTY 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 $140,862

Program Service Revenue $1,897,679

Investment Income $9,348

Other Revenue $127,496

TOTAL REVENUE $2,175,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,162,161

Fundraising Expenses $0

Other Expenses $979,753

TOTAL EXPENSES $2,141,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,175,385	$1,733,650	+0.3%
Expenses	$2,141,914	$1,670,143	+0.3%
Net Income	$33,471	$63,507	-0.5%

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

100

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

$540,987

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER KASTEN	PRESIDENT	40.00	Officer	$259,692	$29,942	$289,634
DANIEL SIDLER	VICE-PRESIDE	40.00	Officer	$0	$5,986	$125,714
EDWARD HILL	VICE PRESIDE	40.00	Officer	$108,400	$17,239	$125,639
ROB ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE ARMOUR	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR AULTMAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BENNINGHOFF	DIRECTOR	1.00	Director	$0	$0	$0
IAN BLACK	DIRECTOR	1.00	Director	$0	$0	$0
TERRY CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL CROSBY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK J DUGGAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID EVANS	DIRECTOR	1.00	Director	$0	$0	$0
MYA GILES	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GILLEN	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY GREGORY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GRONDAHL	DIRECTOR	1.00	Director	$0	$0	$0
TERI HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HERSH	DIRECTOR	1.00	Director	$0	$0	$0
DR BRETT KEMKER	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA KING	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LACTIVIA	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP LANHAM	DIRECTOR	1.00	Director	$0	$0	$0
ERIN MCLEOD	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MURTPHY	DIRECTOR	1.00	Director	$0	$0	$0
JANET POGAR	DIRECTOR	1.00	Director	$0	$0	$0
DAVID POLIMENI	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL QUILLEN	DIRECTOR	1.00	Director	$0	$0	$0
SINEAD RUNYON	DIRECTOR	1.00	Director	$0	$0	$0
DRAYTON SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH STAMOULIS	DIRECTOR	1.00	Director	$0	$0	$0
DR LARRY THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
JASON TOALE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC TROYER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS VOELKER	DIRECTOR	1.00	Director	$0	$0	$0
EMILY WALSH	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE WITFIELD	DIRECTOR	1.00	Director	$0	$0	$0
MATT BROCKWAY	CHAIR ELECT	1.00	Officer	$0	$0	$0
JOE C HEMBREE	IMMEDIATE PA	1.00	Officer	$0	$0	$0
JENNIFER O ROMINIECKI	CHAIR	1.00	Officer	$0	$0	$0
JOHN STUMP	TREASURER	1.00	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
2025	$2,175,385	$2,141,914	$1,874,635	$33,471
2024	$1,733,650	$1,670,143	$1,797,334	$63,507
2023	$1,460,350	$1,438,901	$2,248,199	$21,449
2022	$1,382,520	$1,386,428	$2,102,822	$-3,908
2021	$1,576,448	$1,196,446	$2,086,065	$380,002
2020	$1,411,971	$1,229,791	$1,708,547	$182,180
2019	$1,533,002	$1,373,410	$1,616,824	$159,592
2018	$1,374,900	$1,278,235	$1,427,619	$96,665

GREATER SARASOTA CHAMBER OF COMMERCE INC