MIAMI LAKES CHAMBER OF COMMERCE (EIN 591735450) - 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

1972

Legal Domicile

Principal Officer

FRED SENRA

Phone

3053621040

Tax Period

2024-01-01 to 2024-12-31

MIAMI LAKES CHAMBER OF COMMERCE, founded in 1972, is a small nonprofit that reported $123K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $113K left a modest 8% surplus.

Mission

TO PROVIDE LEADERSHIP THAT FACILITATES THE CREATION OF A PROSPEROUS REGIONAL ECONOMY AND RESULTS IN EFFECTVE ADVOCACY FOR OUR MEMBERS

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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 $56,940

Program Service Revenue $46,700

Investment Income $55

Other Revenue $19,320

TOTAL REVENUE $123,015

Expense Breakdown

Grants Paid $8,069

Salaries & Benefits $0

Fundraising Expenses $18,579

Other Expenses $105,327

TOTAL EXPENSES $113,396

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,015	$84,269	+0.5%
Expenses	$113,396	$87,636	+0.3%
Net Income	$9,619	$-3,367	-3.9%

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

N/A

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
ROSA BARROSO	SECRETARY	N/A	Officer Director	$0	$0	$0
RODOLFO M BLANCO	LEGAL COUNSE	N/A	Director	$0	$0	$0
TICO CASAMAYOR	PUBLIC RELAT	N/A	Director	$0	$0	$0
CONRAD GARCIA	MEMBERSHIP C	N/A	Director	$0	$0	$0
EDDIE SEDENO III	SECRETARY	N/A	Officer Director	$0	$0	$0
MAGALY RUBIO	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
RAFAEL J SCHUCK	TREASURER	N/A	Officer Director	$0	$0	$0
FRED SENRA	PRESIDENT	N/A	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	$123,015	$113,396	$56,938	$9,619
2023	$84,269	$87,636	$49,361	$-3,367
2022	$96,676	$68,449	$50,315	$28,227
2021	$69,689	$62,249	$21,079	$7,440
2020	$58,805	$69,899	$15,121	$-11,094
2019	$78,325	$77,048	$26,796	$1,277
2018	$89,563	$81,037	$25,519	$8,526

MIAMI LAKES CHAMBER OF COMMERCE