HALLANDALE BEACH CHAMBER OF COMMER… - Form 990 Financial Data

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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

1977

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

HALLANDALE BEACH CHAMBER OF COMMERCE, founded in 1977, is a small nonprofit that reported $183K in total revenue in fiscal year 2023. The organization ran a surplus of $30K, a strong 16% operating margin.

Mission

TO PROMOTE BUSINESS CONCERNS IN THE CITY OF HALLANDALE BEACH, FL

Program Service Accomplishments

Program 1

Expenses: $152,968

TO INFORM THE CHAMBERS NEW OFFICERS AND BOARD OF DIRECTORS TO THE LOCAL BUSINESS TO UPDATE BOARD MEMBERS ON THE ACTIVITIES OF THE CHAMBER BY THE CHAIRS OF THE VARIOUS COMMITTEES AND THE EXECUTIVE...

TO INFORM THE CHAMBERS NEW OFFICERS AND BOARD OF DIRECTORS TO THE LOCAL BUSINESS TO UPDATE BOARD MEMBERS ON THE ACTIVITIES OF THE CHAMBER BY THE CHAIRS OF THE VARIOUS COMMITTEES AND THE EXECUTIVE DIRECTOR TO INTRODUCE THE CHAMBERS NEW OFFICERS AND BOARD OF DIRECTORS TO THE LOCAL BUSINESS 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 $181,655

Program Service Revenue $0

Investment Income $0

Other Revenue $1,335

TOTAL REVENUE $182,990

Expense Breakdown

Grants Paid $4,861

Salaries & Benefits $121,037

Fundraising Expenses $0

Program Expenses $152,968

Other Expenses $27,070

TOTAL EXPENSES $152,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,990	N/A	N/A
Expenses	$152,968	N/A	N/A
Net Income	$30,022	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

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
ELISA SALMERON	PRESIDENT	5.00	Director	$0	$0	$0
SALLY CONNER	DIRECTOR	5.00	Director	$0	$0	$0
GREGORY DIVINCENT	DIRECTOR	5.00	Director	$0	$0	$0
JEREMY EARLE	DIRECTOR	5.00	Director	$0	$0	$0
BERNARD WESTERMAYER	TREASURER	1.00	Director	$0	$0	$0
BENNY JACQUES	DIRECTOR	1.00	Director	$0	$0	$0
KARLA GUADUMUZ-DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
YOLANDA BROWN	PRESIDENT ELECT	5.00	Director	$0	$0	$0
ANTHONY S ADELSON	LEGAL COUNSEL	5.00	Director	$0	$0	$0
NORMA ENGLISH	EXECUTIVE DIRECTOR	40.00	Director Highest	$0	$0	$0
JESUS Z ABIKARRAM	DIRECTOR	1.00	Director	$0	$0	$0
PRISCILLA MUNIZ	DIRECTOR	5.00	Director	$0	$0	$0
ASHLEY ABBONDANDOLO	DIRECTOR	5.00	Director	$0	$0	$0
JEREMY EARLS	CITY MANAGER	1.00	Director	$0	$0	$0
YAMELIS SANTANA	DIRECTOR	1.00	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	$182,990	$152,968	$44,131	$30,022
2022	$165,283	$128,100	$188,219	$37,183
2021	$143,098	$128,288	$151,036	$14,810
2020	$97,504	$110,862	$130,790	$-13,358
2019	$197,003	$165,723	$144,148	$31,280
2018	$188,386	$178,668	$112,868	$9,718

HALLANDALE BEACH CHAMBER OF COMMERCE