LONGBOAT KEY CHAMBER OF COMMERCE INC (EIN 591159710) - 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

1983

Legal Domicile

Principal Officer

KIM VERREAULT

Phone

9413832466

Tax Period

2023-01-01 to 2023-12-31

LONGBOAT KEY CHAMBER OF COMMERCE INC, founded in 1983, is a small nonprofit that reported $248K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $224K left a modest 10% surplus.

Mission

TO PROMOTE AN ENVIRONMENT THAT ENHANCES BUSINESS OPPORTUNITIES FOR MEMBERS AND MAINTAINS LONGBOAT KEY, LIDO KEY AND ST. ARMANDS KEY AS PREMIER ISLAND COMMUNITIES.

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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 $31,201

Program Service Revenue $184,305

Investment Income $3,163

Other Revenue $29,297

TOTAL REVENUE $247,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,582

Fundraising Expenses $0

Other Expenses $128,032

TOTAL EXPENSES $223,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,966	$215,535	+0.2%
Expenses	$223,614	$225,578	0.0%
Net Income	$24,352	$-10,043	-3.4%

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

$70,894

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL LOEFGREN THROUGH 1132024	PRESIDENT/SECRETARY	40.00	Officer	$56,702	$0	$56,702
KIMBERLY VERREAULT BEGIN 10172024	PRESIDENT/SECRETARY	40.00	Officer	$14,192	$0	$14,192
DARRIN CALDWELL	DIRECTOR	1.00	Director	$0	$0	$0
SHARON GOULD	DIRECTOR	1.00	Director	$0	$0	$0
REVA JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL VEJINS	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN WALTHER	DIRECTOR	1.00	Director	$0	$0	$0
TIM WIRT	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA MESHGHALI	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SIEGAL	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY WATTS	DIRECTOR	1.00	Director	$0	$0	$0
EVAN BARNISKIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLIE MCLAUGHLIN	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
DIANE LOPEZ	TREASURER	1.00	Officer 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	$247,966	$223,614	$290,480	$24,352
2022	$215,535	$225,578	$266,148	$-10,043
2021	$249,543	$207,019	$276,455	$42,524
2020	$220,398	$234,135	$233,646	$-13,737
2019	$287,843	$245,120	$247,384	$42,723
2018	$260,405	$232,341	$209,481	$28,064

LONGBOAT KEY CHAMBER OF COMMERCE INC