HOBE SOUND CHAMBER OF COMMERCE INC (EIN 592073507) - 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

1981

Legal Domicile

Principal Officer

LAINEY M MUENICH

Phone

7725464724

Tax Period

2024-01-01 to 2024-12-31

HOBE SOUND CHAMBER OF COMMERCE INC, founded in 1981, is a small nonprofit that reported $323K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

EXEMPT PURPOSE IS TO FOSTER BUSINESS AND ENHANCE COMMUNITY RELATIONS. BUSINESS FUNCTIONS AND EVENTS ARE HELD TO PROVIDE OPPORTUNITIES FOR BUSINESSES TO INTERACT TO PROMOTE BUSINESS AND COMMUNITY GOALS.

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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 $0

Program Service Revenue $140,344

Investment Income $0

Other Revenue $183,109

TOTAL REVENUE $323,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,747

Fundraising Expenses $0

Program Expenses $212,480

Other Expenses $188,807

TOTAL EXPENSES $314,554

Year-over-Year Comparison

	2024	2023	Change
Revenue	$323,453	$288,089	+0.1%
Expenses	$314,554	$292,990	+0.1%
Net Income	$8,899	$-4,901	-2.8%

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

N/A

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

$87,113

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL BRUNING	PRESIDENT	0.00	Officer Director	$0	$0	$0
LAURA BARBONE	PRESIDENT ELECT	0.00	Officer Director	$0	$0	$0
ROBERT THORNTON	PAST PRESIDENT	0.00	Officer Director	$0	$0	$0
DOROTHY FLEMMING	IMMEDIATE PAST PRESIDENT	0.00	Officer Director	$0	$0	$0
WILLIAM JAY CONNELLY	TREASURER	0.00	Officer Director	$0	$0	$0
LAINEY M MUENICH	CEO/EXEC DIR	40.00	Officer	$87,113	$0	$87,113

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	$323,453	$314,554	$109,023	$8,899
2023	$288,089	$292,990	$99,644	$-4,901
2022	$286,468	$256,993	$104,936	$29,475
2021	$255,371	$242,221	$94,886	$13,150
2020	$265,786	$256,848	$237,357	$8,938
2019	$329,065	$337,873	$90,852	$-8,808
2018	$305,850	$312,167	$92,249	$-6,317

HOBE SOUND CHAMBER OF COMMERCE INC