THE GREATER LAKE PLACID CHAMBER OF COMMERCE

EIN: 591026434

LAKE PLACID, FL

Total Revenue
$173,471
Total Expenses
$158,375
Total Assets
$263,267
Net Assets
$255,405
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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
1989
Legal Domicile
FL
Principal Officer
JENNIFER BUSH
Phone
8634654331
Tax Period
2023-09-01 to 2024-08-31

THE GREATER LAKE PLACID CHAMBER OF COMMERCE, founded in 1989, is a small nonprofit that reported $173K in total revenue in fiscal year 2023. Expenses of $158K left a modest 9% surplus.

Mission

TO PROMOTE THE COMMUNITY THROUGH ITS BUSINESS AND ACTIVITIES

Program Service Accomplishments

Program 1

THIS ORGANIZATION PROMOTES THE COMMUNITY THROUGH THE PUBLICATION OF A MONTHLY NEWS LETTER

Program 2

A MONTHLY MEETING IS PROVIDED TO GIVE BUSINESSES THE VENUE TO PROMOTE THEIR ACTIVITIES AND ADVERTISE THEIR SERVICES ON AN INDIVIDUAL BASIS. AN ANNUAL BANQUET AND A PROFESSIONAL LUNCHEON REWARDING AND...

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A MONTHLY MEETING IS PROVIDED TO GIVE BUSINESSES THE VENUE TO PROMOTE THEIR ACTIVITIES AND ADVERTISE THEIR SERVICES ON AN INDIVIDUAL BASIS. AN ANNUAL BANQUET AND A PROFESSIONAL LUNCHEON REWARDING AND RECOGNIZING THE OUTSTANDING CONTRIBUTIONS TO THE COMMUNITY BY INDIVIDUALS AND BUSINESSES ARE GIVEN.

Program 3

THIS ORGANIZATION PROMOTES THE COMMUNITY EVENTS AND LOCAL BUSINESSES THROUGH ADVERTISEMENTS ON ITS WEBSITE AND THROUGH SPONSORSHIPS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $47,407
Program Service Revenue $19,994
Investment Income $4,785
Other Revenue $101,285
TOTAL REVENUE $173,471

Expense Breakdown

Grants Paid $3,200
Salaries & Benefits $76,852
Fundraising Expenses $0
Other Expenses $78,323
TOTAL EXPENSES $158,375

Year-over-Year Comparison

2023 2022 Change
Revenue $173,471 $180,956 0.0%
Expenses $158,375 $185,873 -0.1%
Net Income $15,096 $-4,917 -4.1%
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

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Governance

Voting Members
15
Independent Members
14
Employees
2
Volunteers
2

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
7
$44,675
Total Directors
1
$44,675
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER BUSH EXECUTIVE DIRECTOR 40.00
Officer Director
$44,675 $0 $44,675
BILL BRANTLEY 1st VICE PRESIDENT 0.00
Officer
$0 $0 $0
Donald Clarke PAST-PRESIDENT 0.00
Officer
$0 $0 $0
KIM MILLER TREASURER 0.00
Officer
$0 $0 $0
CURTIS SLADE SECRETARY 0.00
Officer
$0 $0 $0
VICKI SPIRES PRESIDENT 0.00
Officer
$0 $0 $0
Gilbert Randall VICE PRESIDENT 0.00
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 $173,471 $158,375 $263,267 $15,096
2022 $199,696 $163,860 $251,058 $35,836
2021 $166,224 $118,937 $220,404 $47,287
2020 $130,069 $136,589 $189,599 $-6,520
2019 $152,305 $149,112 $196,977 $3,193
2018 $136,076 $160,659 $181,518 $-24,583
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