KEY LARGO CHAMBER OF COMMERCE INC

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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

1976

Legal Domicile

Phone

3054511414

Tax Period

2023-01-01 to 2023-12-31

KEY LARGO CHAMBER OF COMMERCE INC, founded in 1976, is a small nonprofit that reported $452K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $506K exceeded revenue, resulting in a 12% operating deficit.

Mission

SUPPORT LOCAL BUSINESS & COMMUNITY INTERESTS

Program Service Accomplishments

Program 1

PROVIDED INFORMATION AND REFERAL SERVICES FOR TOURISTS AND VISITORS TO THE FLORIDA KEYS THROUGH DISPLAYS, BROCHURES, AND PERSONAL CONTACTS.

Program 2

PROVIDED INFORMATION SERVICES BY MAIL AND TELEPHONE TO ANSWER INQUIRIES FROM PROSPECTIVE TOURISTS, VISITORS, AND RELOCATORS.

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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 $275,630

Program Service Revenue $157,448

Investment Income $983

Other Revenue $17,501

TOTAL REVENUE $451,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,975

Fundraising Expenses $66,346

Other Expenses $189,493

TOTAL EXPENSES $505,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$451,562	$485,509	-0.1%
Expenses	$505,848	$486,140	+0.0%
Net Income	$-54,286	$-631	+85.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
N/A	CHAIRMAN OF	Officer Director	$0	$0	$0
ANGIE ALVAREZ	DIRECTOR	Director	$0	$0	$0
MANUEL ALVAREZ	DIRECTOR	Director	$0	$0	$0
SPENSER BRYAN	DIRECTOR	Director	$0	$0	$0
KEVIN DONLAN	DIRECTOR	Director	$0	$0	$0
MELISSA FERNANDEZ	DIRECTOR	Director	$0	$0	$0
ENRIQUE MENENDEZ	DIRECTOR	Director	$0	$0	$0
HENRY QUINTANA	DIRECTOR	Director	$0	$0	$0
MICHAEL ROJEWSKI	DIRECTOR	Director	$0	$0	$0
STEPHANIE RUSSO	DIRECTOR	Director	$0	$0	$0
RUTH SCHRADER-GRACE	DIRECTOR	Director	$0	$0	$0
SPENCER SLATE	DIRECTOR	Director	$0	$0	$0
BLAINE VERNICEK	DIRECTOR	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	$451,562	$505,848	$673,286	$-54,286
2022	$485,509	$486,140	$693,825	$-631
2021	$487,899	$410,393	$736,284	$77,506
2020	$437,148	$388,496	$685,044	$48,652
2019	$466,954	$460,435	$666,257	$6,519
2018	$507,606	$502,703	$524,080	$4,903