Chamber of Commerce of the Palm Beaches Inc

EIN: 590504407

West Palm Beach, FL

Total Revenue
$1,239,977
Total Expenses
$1,306,139
Total Assets
$1,104,964
Net Assets
$557,876
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1913
Legal Domicile
FL
Principal Officer
Dennis Grady
Phone
5618333711
Tax Period
2023-01-01 to 2023-12-31

Chamber of Commerce of the Palm Beaches Inc, founded in 1913, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

The mission of the Chamber of Commerce of the Palm Beaches is to create and promote a favorable business climate in the Palm Beaches. This is accomplished by energetically representing the collective interests of business in the private and (continues on Schedule O) public decision-making process, by disseminating relevant information and other services to the membership and by becoming involved in all aspects of community life that affect the business climate. The mission is financed through fair and equitable membership investments dues, special events, and sales of services.

Program Service Accomplishments

Program 1

The Chamber of Commerce publishes various periodicals and other information such as newsletters, county guides and data through various outlets and the internet which are accessible by the general...

Read more

The Chamber of Commerce publishes various periodicals and other information such as newsletters, county guides and data through various outlets and the internet which are accessible by the general public. The Chamber also manages several county events for its members and the general public such as award dinners and ceremonies.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,208,707
Investment Income $31,270
Other Revenue $0
TOTAL REVENUE $1,239,977

Expense Breakdown

Grants Paid $0
Salaries & Benefits $511,188
Fundraising Expenses $0
Other Expenses $794,951
TOTAL EXPENSES $1,306,139

Year-over-Year Comparison

2023 2022 Change
Revenue $1,239,977 $1,135,900 +0.1%
Expenses $1,306,139 $1,222,498 +0.1%
Net Income $-66,162 $-86,598 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
34
Independent Members
33
Employees
9
Volunteers
49

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
9
$115,685
Total Directors
34
$115,685
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alexandria Ayala Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Allen Gast Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Amit Rastogi Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Barbara James Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Benjamin Sadler Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Bill Bone Past Chair 2.00
Officer Director
$0 $0 $0
Donald Burgess President/CEO 40.00
Officer Director
$91,096 $24,589 $115,685
Chris Inman Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Cynthia McCaulay Member-Bd. of Dir. 2.00
Director
$0 $0 $0
David Gobeo Member-Bd. of Dir. 2.00
Officer Director
$0 $0 $0
Deborah Johnson Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Dr Debra Schwinn Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Holly Griffin Goodman Member-Bd. of Dir. 2.00
Director
$0 $0 $0
James Johnson Treasurer 2.00
Officer Director
$0 $0 $0
Jamie Gavigan Member-Bd. of Dir. 2.00
Director
$0 $0 $0
John Bowers Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Julia Murphy Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Kate Arrizza Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Katie Block Member-Bd. of Dir. 2.00
Officer Director
$0 $0 $0
Ken Kennerly Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Kimberly Lea Chair-Elect 2.00
Officer Director
$0 $0 $0
Kristin Ahr Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Lloyd Hannon Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Matt Chait Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Matthew Hedrick Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Michael Davis Secretary 2.00
Officer Director
$0 $0 $0
Patrick Painter Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Peter Cruise Member-Bd. of Dir. 2.00
Officer Director
$0 $0 $0
Robert Castrovinci Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Robert Diffenderfer Chair 2.00
Officer Director
$0 $0 $0
Sheri Montgomery Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Victoria Chouris Member-Bd. of Dir. 2.00
Director
$0 $0 $0
W Dale Kahle Member-Bd. of Dir. 2.00
Director
$0 $0 $0
Ali Soule Member-Bd. of Dir. 2.00
Director
$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 $1,239,977 $1,306,139 $1,104,964 $-66,162
2022 $1,135,900 $1,222,498 $1,121,938 $-86,598
2021 $992,825 $1,016,217 $1,170,257 $-23,392
2020 $991,956 $1,004,805 $1,022,894 $-12,849
2019 $1,304,091 $1,365,506 $1,219,501 $-61,415
2018 $1,297,495 $1,321,911 $1,160,887 $-24,416
Explore More Nonprofits
→Top 100 Nonprofits in Florida →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Chamber of Commerce of the Palm Beaches Inc with other nonprofits in Florida and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.