INDIAN RIVER COUNTY CHAMBER OF COMMERCE INC (EIN 590493830) - 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

1942

Legal Domicile

Principal Officer

ANDREA BEAM

Phone

7725673491

Tax Period

2023-10-01 to 2024-09-30

INDIAN RIVER COUNTY CHAMBER OF COMMERCE INC, founded in 1942, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE INDIAN RIVER COUNTY CHAMBER OF COMMERCE, INC. IS A COUNTY-WIDE ORGANIZATION REPRESENTING THE BUSINESS COMMUNITY BY PROVIDING SERVICES, BENEFITS, AND LEADERSHIP FOR POSITIVE ECONOMIC GROWTH AND CHANGE.

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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 $1,438,916

Program Service Revenue $71,715

Investment Income $-2,446

Other Revenue $92,565

TOTAL REVENUE $1,600,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $664,418

Fundraising Expenses $56,821

Program Expenses $1,409,585

Other Expenses $1,097,111

TOTAL EXPENSES $1,761,529

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,600,750	$1,371,046	+0.2%
Expenses	$1,761,529	$1,512,011	+0.2%
Net Income	$-160,779	$-140,965	+0.1%

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

$86,604

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA D'ALFONSO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SHANE MULLAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JON MOSES	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL KISSNER	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
JEFF SCHLITT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN ROLLIN	DIRECTOR	1.00	Director	$0	$0	$0
AARON BOWLES	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN COOK	DIRECTOR	1.00	Director	$0	$0	$0
MARIO CORBICIERO	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK FAUCHEUX	DIRECTOR	1.00	Director	$0	$0	$0
DR TERRI GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD GIESSERT	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
KEITH KITE	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE MAYNARD-LESTER	DIRECTOR	1.00	Director	$0	$0	$0
DANNY MARKFORD	DIRECTOR	1.00	Director	$0	$0	$0
KIM SMALL	DIRECTOR	1.00	Director	$0	$0	$0
MATT TANNER	DIRECTOR	1.00	Director	$0	$0	$0
ANNA VALENCIA- TILLERY	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WOODRUFF	DIRECTOR	1.00	Director	$0	$0	$0
DORI STONE	PRESIDENT	40.00	Officer	$73,517	$13,087	$86,604
ANDREA BEAM	VP OF OPERAT	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
2024	$1,600,750	$1,761,529	$982,536	$-160,779
2023	$1,371,046	$1,512,011	$1,127,212	$-140,965
2022	$1,165,456	$1,292,750	$1,237,683	$-127,294
2021	$1,257,840	$1,126,016	$1,411,656	$131,824
2020	$1,109,210	$1,206,144	$1,315,065	$-96,934
2019	$1,160,724	$1,255,206	$1,309,669	$-94,482
2018	$1,081,766	$1,133,958	$1,385,833	$-52,192

INDIAN RIVER COUNTY CHAMBER OF COMMERCE INC