THE FRENCH AMERICAN CHAMBER OF COM… - 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

1983

Legal Domicile

Principal Officer

OLIVIER SUREAU

Phone

3055790220

Tax Period

2023-01-01 to 2023-12-31

THE FRENCH AMERICAN CHAMBER OF COMMERCE, founded in 1983, is a small nonprofit that reported $417K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $403K left a modest 3% surplus.

Mission

DEVELOPMENT OF TRADE, COMMERCIAL AND BUSINESS RELATIONSHIPS BETWEEN THE UNITED STATES AND FRANCE.THE CHAMBER PROMOTES CONTACT DIRECTLY BETWEEN THE MEMBERS THROUGH SEVERAL EVENTS THAT ALLOW NETWORKING. THE CHAMBER ALSO PROMOTES THE FRENCH CULTURE AND COMMUNITY BY ORGANIZING AN ANNUAL "FRENCH WEEK" DURING WHICH A VARIETY OF EVENTS TAKE PLACE (FILMS, BOOK FAIR, CONFERENCES, COCKTAIL PARTIES, RECEPTIONS, ETC.)

Program Service Accomplishments

Program 1

Expenses: $27,988 Revenue: $65,536

THIS IS AN ANNUAL WEEK THAT OCCURS IN NOVEMBER TO HELP NEW BUSINESS OWNER TO DEVELOP BUSINESSES IN THE SOUTH FLORIDA COMMUNITIES

Program 2

Expenses: $27,635 Revenue: $62,299

GALA THIS IS AN ANNUAL DINNER THAT OCCURS IN MAY TO PROMOTE SOCIAL AND BUSINESS RELATIONSHIPS IN THE SOUTH FLORIDA COMMUNITIES.

Program 3

Expenses: $40,026 Revenue: $55,869

FRENCH TECH MIAMI THAT OCCURS IN APRIL TO PROMOTE STARTUPS, INVESTORS, POLICYMAKERS AND COMMUNITY BUILDERS

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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 $233,761

Program Service Revenue $165,800

Investment Income $0

Other Revenue $17,877

TOTAL REVENUE $417,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,025

Fundraising Expenses $0

Program Expenses $95,649

Other Expenses $208,964

TOTAL EXPENSES $402,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$417,438	$252,822	+0.7%
Expenses	$402,989	$250,427	+0.6%
Net Income	$14,449	$2,395	+5.0%

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

$99,470

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SERGE MASSAT	PRESIDENT	1.00	Director	$0	$0	$0
SEVERINE GIANESE	SECRETARY	1.00	Director	$0	$0	$0
OLIVIER SUREAU	TREASURER	1.00	Director	$0	$0	$0
ANNABELLE POTTIER	EXECUTIVE DIRECTOR	40.00	Director	$99,470	$0	$99,470
MARIE ANGE JORALETTE	DIRECTOR	1.00	Director	$0	$0	$0
BORIS BRAULT	PRESIDENT	1.00	Director	$0	$0	$0
EMMANUEL DESBATS	DIRECTOR	1.00	Director	$0	$0	$0
EGLANTINE COURTIERE	VICE-PRESIDENT	1.00	Director	$0	$0	$0
AMELIE HUMPHREYS	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIER ROZIER	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE BIHET	DIRECTOR	1.00	Director	$0	$0	$0
ALIX BOUCARD	PRESIDENT	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	$417,438	$402,989	$282,222	$14,449
2022	$252,822	$250,427	$193,384	$2,395
2021	$253,361	$222,890	$192,871	$30,471
2020	$199,642	$198,420	$136,351	$1,222
2019	$240,570	$292,256	$136,204	$-51,686
2018	$195,622	$217,751	$182,142	$-22,129

THE FRENCH AMERICAN CHAMBER OF COMMERCE