TALLAHASSEE CHAMBER OF COMMERCE INC

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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

1966

Legal Domicile

Principal Officer

SUZANNE DICK

Phone

8502248116

Tax Period

2023-01-01 to 2023-12-31

TALLAHASSEE CHAMBER OF COMMERCE INC, founded in 1966, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023.

Mission

TO LEAD AND PROMOTE THE SUCCESS OF BUSINESS DRIVING A HIGHER QUALITY OF LIFE FOR OUR COMMUNITY.

Program Service Accomplishments

Program 1

THE TALLAHASSEE CHAMBER'S PRIMARY PURPOSE IS TO BE THE CATALYST FOR LOCAL BUSINESS GROWTH WITHTHE GOAL OF PROVIDING A POSITIVE RETURN ON INVESTMENT FOR OUR MEMBERS AND TO RETAIN AND EXPAND OURLOCAL BUSINESS COMMUNITY. THROUGH UNIQUE PROGRAMS, POWERFUL RESOURCES AND INTERACTIVEEXPERIENCES, THE CHAMBER AIMS TO HELP BUSINESSES ACHIEVE SUCCESS.

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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 $131,659

Program Service Revenue $1,848,903

Investment Income $4,391

Other Revenue $7,500

TOTAL REVENUE $1,992,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $899,193

Fundraising Expenses $0

Other Expenses $1,085,210

TOTAL EXPENSES $1,984,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,992,453	$1,921,704	+0.0%
Expenses	$1,984,403	$1,899,618	+0.0%
Net Income	$8,050	$22,086	-0.6%

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

$267,972

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRIE ARD	CHAIR	4.00	Officer Director	$0	$0	$0
ROB CLARKE	CHAIR ELECT	4.00	Officer Director	$0	$0	$0
RICHARD DARABI	TREASURER	4.00	Officer Director	$0	$0	$0
SAMMIE DIXON	IMMEDIATE PAST CHAIR	4.00	Officer Director	$0	$0	$0
KATHY BELL	DIRECTOR	4.00	Director	$0	$0	$0
SHELLY BELL	DIRECTOR	4.00	Director	$0	$0	$0
PHILIP BROWNING	DIRECTOR	4.00	Director	$0	$0	$0
BETH CORUM	DIRECTOR	4.00	Director	$0	$0	$0
BERNEICE COX	DIRECTOR	4.00	Director	$0	$0	$0
TOM DEISON	DIRECTOR	4.00	Director	$0	$0	$0
SARA DUNLAP	DIRECTOR	4.00	Director	$0	$0	$0
TED FRAZEE	DIRECTOR	4.00	Director	$0	$0	$0
SHAWNTA FRIDAY-STROUD	DIRECTOR	4.00	Director	$0	$0	$0
ANDREW GAY	DIRECTOR	4.00	Director	$0	$0	$0
JASON GHAZVINI	DIRECTOR	4.00	Director	$0	$0	$0
EDDIE GONZALEZ-LOUMIET	DIRECTOR	4.00	Director	$0	$0	$0
ALLISON HARRELL	DIRECTOR	4.00	Director	$0	$0	$0
NAT HIGDON	DIRECTOR	4.00	Director	$0	$0	$0
JASON HOLLISTER	DIRECTOR	4.00	Director	$0	$0	$0
SHA' RON JAMES	DIRECTOR	4.00	Director	$0	$0	$0
BILL KIMBERL	DIRECTOR	4.00	Director	$0	$0	$0
MARISSA LANGSTON	DIRECTOR	4.00	Director	$0	$0	$0
MARINA LICKSON	DIRECTOR	4.00	Director	$0	$0	$0
KYNDRA LIGHT	DIRECTOR	4.00	Director	$0	$0	$0
DAN MCGREW	DIRECTOR	4.00	Director	$0	$0	$0
JOHN MCNEILL	DIRECTOR	4.00	Director	$0	$0	$0
ANA MELENDEZ	DIRECTOR	4.00	Director	$0	$0	$0
CHRIS MILLS	DIRECTOR	4.00	Director	$0	$0	$0
AARON MILNER	DIRECTOR	4.00	Director	$0	$0	$0
CHRIS MOSLEY	DIRECTOR	4.00	Director	$0	$0	$0
MARK O'BRYANT	DIRECTOR	4.00	Director	$0	$0	$0
KELLY O'KEEFE	DIRECTOR	4.00	Director	$0	$0	$0
HEIDI OTWAY	DIRECTOR	4.00	Director	$0	$0	$0
BEN PAUTSCH	DIRECTOR	4.00	Director	$0	$0	$0
STEWART PROCTOR	DIRECTOR	4.00	Director	$0	$0	$0
DUSTIN RIVEST	DIRECTOR	4.00	Director	$0	$0	$0
SHAWN ROBERTS	DIRECTOR	4.00	Director	$0	$0	$0
DANNY SHRINE	DIRECTOR	4.00	Director	$0	$0	$0
HERBIE THIELE	DIRECTOR	4.00	Director	$0	$0	$0
JAY SMITH	DIRECTOR	4.00	Director	$0	$0	$0
CARI THRO	DIRECTOR	4.00	Director	$0	$0	$0
DANIEL VERMETTE	DIRECTOR	4.00	Director	$0	$0	$0
DANIEL WAGNON	DIRECTOR	4.00	Director	$0	$0	$0
STUART BEVIS JR	EXECUTIVE VP	48.00	Officer	$93,840	$3,224	$105,224
SUE DICK	PRESIDENT/CEO	48.00	Officer	$145,819	$16,929	$162,748

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	$1,992,453	$1,984,403	$1,909,114	$8,050
2022	$1,921,704	$1,899,618	$1,952,016	$22,086
2021	$1,843,925	$1,771,787	$1,892,064	$72,138
2019	$1,961,245	$1,924,646	$2,235,911	$36,599
2018	$1,827,381	$1,803,859	$1,885,541	$23,522