GREATER FORT WALTON BEACH CHAMBER OF COMMERCE INC (EIN 590578475) - 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

1977

Legal Domicile

Principal Officer

TED CORCORAN

Phone

8502448191

Tax Period

2025-01-01 to 2025-12-31

GREATER FORT WALTON BEACH CHAMBER OF COMMERCE INC, founded in 1977, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2025. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $964K left a modest 4% surplus.

Mission

TO STRENGTHEN LOCAL BUSINESSES AND ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITY BY PROVIDING SERVICES WHICH HELP BUSINESSES HELP THEMSELVES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $7,372

Program Service Revenue $990,331

Investment Income $2,326

Other Revenue $6,981

TOTAL REVENUE $1,007,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $418,752

Fundraising Expenses $0

Other Expenses $545,237

TOTAL EXPENSES $963,989

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,007,010	$804,763	+0.3%
Expenses	$963,989	$832,904	+0.2%
Net Income	$43,021	$-28,141	-2.5%

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

$139,739

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GORDON KING	CHAIR	20.00	Officer Director	$0	$0	$0
BONNIE BARLOW	CHAIR-ELECT	20.00	Officer Director	$0	$0	$0
STEPHEN PERKINS	IMMEDIATE PAST CHAIR	20.00	Officer Director	$0	$0	$0
ALAN JOWERS	TREASURER	5.00	Officer Director	$0	$0	$0
JARED WILLIAMS	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
CATHERINE CARD	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
KELLY JASON	BOARD DIRECTOR	5.00	Director	$0	$0	$0
BERNARD JOHNSON	BOARD DIRECTOR	5.00	Director	$0	$0	$0
HOLLY KARR	BOARD DIRECTOR	5.00	Director	$0	$0	$0
VINCE MAYFIELD	BOARD DIRECTOR	5.00	Director	$0	$0	$0
BOBBY NABORS	BOARD DIRECTOR	5.00	Director	$0	$0	$0
JERRY WILLIAMS	BOARD DIRECTOR	5.00	Director	$0	$0	$0
ASHLEY ALLEGRETTO	BOARD DIRECTOR	5.00	Director	$0	$0	$0
CHAD ROGERS	BOARD DIRECTOR	5.00	Director	$0	$0	$0
NATHAN SPARKS	BOARD DIRECTOR	5.00	Director	$0	$0	$0
SHANE WEDDLE	BOARD DIRECTOR	5.00	Director	$0	$0	$0
KEITH WOOD	BOARD DIRECTOR	5.00	Director	$0	$0	$0
ED BURNS	BOARD DIRECTOR	5.00	Director	$0	$0	$0
MIMI KINCAID	BOARD DIRECTOR	5.00	Director	$0	$0	$0
DANICA LAFAIRE	BOARD DIRECTOR	5.00	Director	$0	$0	$0
STEPHANIE LARABEE	BOARD DIRECTOR	5.00	Director	$0	$0	$0
SARAH PEAVY	BOARD DIRECTOR	5.00	Director	$0	$0	$0
KATIE ROSE ROBISON	BOARD DIRECTOR	5.00	Director	$0	$0	$0
ALBERT SOUSA	BOARD DIRECTOR	5.00	Director	$0	$0	$0
TED CORCORAN	PRESIDENT/CEO	40.00	Officer	$139,739	$0	$139,739

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
2025	$1,007,010	$963,989	$392,820	$43,021
2024	$804,763	$832,904	$282,216	$-28,141
2023	$885,358	$874,338	$329,860	$11,020
2022	$898,969	$889,496	$317,488	$9,473
2021	$704,989	$721,528	$446,716	$-16,539
2020	$704,513	$710,447	$346,859	$-5,934
2019	$968,752	$956,864	$163,742	$11,888
2018	$788,381	$793,161	$159,632	$-4,780

GREATER FORT WALTON BEACH CHAMBER OF COMMERCE INC