CHAMBER OF COMMERCE CITRUS COUNTY

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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

Phone

3527953149

Tax Period

2024-01-01 to 2024-12-31

CHAMBER OF COMMERCE CITRUS COUNTY is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 4% surplus.

Mission

THE CITRUS COUNTY CHAMBER OF COMMERCE EXISTS TO PROMOTE AND SUPPORT A QUALITY OF LIFE IN CITRUS COUNTY. THIS IS DONE THROUGH ADVERTISING, HOSTING SPECIAL EVENTS, AND INFORMATIONAL PURSUITS AMONG OTHER ENDEAVORS.

Program Service Accomplishments

Program 1

THE CITRUS COUNTY CHAMBER OF COMMERCE HAS SUCCESSFULLY PROMOTED THE BENEFITS THAT CITRUS COUNTY OFFERS BOTH BUSINESSES AND INDIVIDUALS LOOKING TO RELOCATE TO THE AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $512,537

Program Service Revenue $716,303

Investment Income $17,315

Other Revenue $0

TOTAL REVENUE $1,246,155

Expense Breakdown

Grants Paid $0

Salaries & Benefits $485,651

Fundraising Expenses $0

Other Expenses $706,196

TOTAL EXPENSES $1,191,847

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,246,155	$869,202	+0.4%
Expenses	$1,191,847	$799,932	+0.5%
Net Income	$54,308	$69,270	-0.2%

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

$103,757

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH WOOTEN	CEO	40.00	Officer	$101,094	$2,663	$103,757
KELLEY PAUL	SECRETARY	5.00	Officer Director	$0	$0	$0
DEBBIE REILLY	CHAIR	1.00	Officer Director	$0	$0	$0
ROB	TREASURER	5.00	Officer Director	$0	$0	$0
TOM RYAN	PAST CHAIR	1.00	Officer Director	$0	$0	$0
STACEY WORTHINGTON	CHAIR ELECT	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
2024	$1,246,155	$1,191,847	$444,615	$54,308
2023	$869,202	$799,932	$417,429	$69,270
2022	$570,324	$593,660	$381,099	$-23,336
2021	$555,776	$549,273	$412,491	$6,503
2020	$521,945	$499,234	$287,015	$22,711
2019	$530,105	$538,817	$294,691	$-8,712
2018	$472,154	$482,426	$274,006	$-10,272