GREATER MIAMI SHORES CHAMBER OF COMMERCE INC (EIN 590822321) - 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

1996

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

GREATER MIAMI SHORES CHAMBER OF COMMERCE INC, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $237K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $262K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE MISSION OF GREATER MIAMI SHORES CHAMBER OF COMMERCE IS TO PROVIDE LEADERSHIP FOR THE ADVANCEMENT OF THE ECONOMIC VITALITY, CIVIC AFFAIRS, AND QUALITY OF LIFE OF THE TOTAL 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 (2023)

Revenue Breakdown

Contributions & Grants $80,339

Program Service Revenue $179,154

Investment Income $1

Other Revenue $-22,480

TOTAL REVENUE $237,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,234

Fundraising Expenses $0

Program Expenses $206,394

Other Expenses $179,592

TOTAL EXPENSES $261,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$237,014	$206,548	+0.1%
Expenses	$261,826	$222,486	+0.2%
Net Income	$-24,812	$-15,938	+0.6%

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

N/A

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

$77,184

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA PETERS	EXECUTIVE DIRECTOR	40.00	Key Emp	$77,184	$0	$77,184
WES PEARCE	VICE PRESIDENT	5.00	Officer	$0	$0	$0
GIGI TURKEL	VICE PRESIDENT	5.00	Officer	$0	$0	$0
ANGELA YOUNG	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MELIDA MATOS	VICE PRESIDENT	5.00	Officer	$0	$0	$0
CATHERINE MCLANEY	PRESIDENT	8.00	Officer	$0	$0	$0
RICHARD POTOTSKY	TREASURER	10.00	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
2023	$237,014	$261,826	$27,772	$-24,812
2022	$206,548	$222,486	$28,437	$-15,938
2020	$5,954	$58,290	$-23,587	$-52,336
2019	$303,658	$243,896	$17,876	$59,762
2018	$283,220	$267,075	$50,096	$16,145

GREATER MIAMI SHORES CHAMBER OF COMMERCE INC