TITUSVILLE AREA CHAMBER OF COMMERCE INC (EIN 590524849) - 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

Principal Officer

ERIN AKINS

Phone

3212673036

Tax Period

2022-01-01 to 2022-12-31

TITUSVILLE AREA CHAMBER OF COMMERCE INC is a small nonprofit that reported $315K in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year.

Mission

TO DEVELOP, ENHANCE AND MAINTAIN A STRONG AND DIVERSE BUSINESS CLIMATE AND SUPPORT A PROSPEROUS 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 (2022)

Revenue Breakdown

Contributions & Grants $233,894

Program Service Revenue $66,573

Investment Income $0

Other Revenue $14,272

TOTAL REVENUE $314,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,073

Fundraising Expenses $0

Other Expenses $153,286

TOTAL EXPENSES $344,359

Year-over-Year Comparison

	2022	2021	Change
Revenue	$314,739	$355,293	-0.1%
Expenses	$344,359	$347,937	0.0%
Net Income	$-29,620	$7,356	-5.0%

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

$64,109

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN AKINS	PRESIDENT	40.00	Officer	$64,109	$0	$64,109
BRYAN BOBBITT	VC PUBLIC AF	N/A	Director	$0	$0	$0
PETE LYNCH	TAVC CHAIR	N/A	Director	$0	$0	$0
FRANK MARGIOTTA	EFSC LIAISON	N/A	Director	$0	$0	$0
MATTHEW MORAK	CHAIRMAN ELE	N/A	Director	$0	$0	$0
LAURA ANNE PRAY	IMMEDIATE PA	N/A	Officer Director	$0	$0	$0
BRIENNE ROBERTSON	VC - ECO AFF	N/A	Officer Director	$0	$0	$0
ELLIOT TORRES	VC - LEGAL/L	N/A	Officer Director	$0	$0	$0
EDNA WILSON	CHAIR	N/A	Officer 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	No data	No data	No data	No data
2022	$314,739	$344,359	$615,831	$-29,620
2021	$355,293	$347,937	$258,913	$7,356
2020	$327,562	$305,264	$260,964	$22,298
2019	$281,648	$320,901	$127,961	$-39,253
2018	$325,112	$325,469	$167,564	$-357

TITUSVILLE AREA CHAMBER OF COMMERCE INC