GREATER NEW SMYRNA BEACH CHAMBER OF COMMERCE (EIN 590542380) - 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

1978

Legal Domicile

Principal Officer

MICHAEL LYONS

Phone

3864282449

Tax Period

2023-01-01 to 2023-12-31

GREATER NEW SMYRNA BEACH CHAMBER OF COMMERCE, founded in 1978, is a small nonprofit that reported $350K in total revenue in fiscal year 2023. Expenses of $331K left a modest 6% surplus.

Mission

CULTIVATES BUSINESS THROUGH EDUCATION, ADVOCACY, AND CONNECTION TO CREATE A VIBRANT QUALITY OF LIFE FOR THE RESIDENTS AND GUESTS OF NEW SMYRNA BEACH, EDGEWATER, AND OAK HILL.

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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 $166,174

Program Service Revenue $154,683

Investment Income $4,753

Other Revenue $24,820

TOTAL REVENUE $350,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,328

Fundraising Expenses $0

Other Expenses $96,725

TOTAL EXPENSES $331,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$350,430	$339,360	+0.0%
Expenses	$331,053	$368,389	-0.1%
Net Income	$19,377	$-29,029	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAISEY BALBOA	BOARD MEMBER	4.00	Director	$0	$0	$0
RENATO CAPPUCCITTIO	EXECUTIVE BD	4.00	Director	$0	$0	$0
JARRETT CORY	BOARD MEMBER	4.00	Director	$0	$0	$0
JACKIE EMMA	BOARD MEMBER	4.00	Director	$0	$0	$0
JENNIFER GRIFFIN	BOARD MEMBER	4.00	Director	$0	$0	$0
PAM ISON	EXECUTIVE BD	4.00	Director	$0	$0	$0
TIM LOOMIS	BOARD MEMBER	4.00	Director	$0	$0	$0
JIM RUSHING	BOARD MEMBER	4.00	Director	$0	$0	$0
BOB WILLIAMS	BOARD MEMBER	4.00	Director	$0	$0	$0
RENEE ANDRUS	SECRETARY	6.00	Officer	$0	$0	$0
MARK BILLINGS	TREASURER	6.00	Officer	$0	$0	$0
OE BURKE	VICE PRESIDE	6.00	Officer	$0	$0	$0
E BLISS JAMISON	BOARD MEMBER	6.00	Officer	$0	$0	$0
MICHAEL LYONS	PRESIDENT	6.00	Officer	$0	$0	$0
SCOTT STEGER	PAST PRESIDE	6.00	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	No data	No data	No data	No data
2023	$350,430	$331,053	$189,803	$19,377
2022	$339,360	$368,389	$173,555	$-29,029
2021	$366,452	$301,326	$198,361	$65,126
2020	$270,446	$289,597	$164,235	$-19,151

GREATER NEW SMYRNA BEACH CHAMBER OF COMMERCE