RUSKIN-SOUTHSHORE CHAMBER OF COMMERCE (EIN 591482943) - 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

1973

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

RUSKIN-SOUTHSHORE CHAMBER OF COMMERCE, founded in 1973, is a small nonprofit that reported $372K in total revenue in fiscal year 2023. Expenses of $440K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO MAINTAIN AN OFFICE OPEN TO THE PUBLIC WHERE THEY CAN FIND LITERATURE AND INFORMATION REGARDING THE SOUTHSHORE AREA AND ITS BUSINESSES AND TO PROMOTE AND SUPPORT THE BUSINESS MEMBERS BY OFFERING NETWORKING OPPORTUNITIES AND EVENTS THAT SHOWCASE THE BUSINESS.

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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 $371,724

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $371,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,390

Fundraising Expenses $0

Program Expenses $172,324

Other Expenses $387,111

TOTAL EXPENSES $439,501

Year-over-Year Comparison

	2023	2022	Change
Revenue	$371,724	N/A	N/A
Expenses	$439,501	N/A	N/A
Net Income	$-67,777	N/A	N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE DAVIS	EXECUTIVE DIRECTOR	0.00	Key Emp	$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	$371,724	$439,501	$94,012	$-67,777
2022	$152,735	$228,630	$17,331	$-75,895
2021	$140,573	$192,223	$56,935	$-51,650
2020	$91,846	$146,591	$91,754	$-54,745
2019	$305,764	$312,041	$54,614	$-6,277
2018	$329,718	$354,816	$50,029	$-25,098

RUSKIN-SOUTHSHORE CHAMBER OF COMMERCE