Greater Hernando County Chamber of… - 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

1990

Legal Domicile

Principal Officer

Ashley Hofecker

Phone

3527960697

Tax Period

2025-01-01 to 2025-12-31

Greater Hernando County Chamber of Commerce Inc, founded in 1990, is a small nonprofit that reported $438K in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $422K left a modest 4% surplus.

Mission

Chamber of Commerce for Hernando County, Florida.

Program Service Accomplishments

Program 1

Expenses: $422,291

The Chamber of Commerce publishes a community map, maintains a website with an up-to-date directory of members, and publishes a newsletter. Advertising is sold to cover the cost of producing these...

The Chamber of Commerce publishes a community map, maintains a website with an up-to-date directory of members, and publishes a newsletter. Advertising is sold to cover the cost of producing these informational publishings. They are distributed free to individuals and businesses moving to Hernando County. The map is published annually. The newsletter is published monthly for the Chamber 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 (2025)

Revenue Breakdown

Contributions & Grants $279,297

Program Service Revenue $98,117

Investment Income $0

Other Revenue $60,568

TOTAL REVENUE $437,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,696

Fundraising Expenses $0

Program Expenses $422,291

Other Expenses $223,595

TOTAL EXPENSES $422,291

Year-over-Year Comparison

	2025	2024	Change
Revenue	$437,982	$359,774	+0.2%
Expenses	$422,291	$342,160	+0.2%
Net Income	$15,691	$17,614	-0.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dana Cutlip	N/A	0.00	Director	$0	$0	$0
Ben Cooper	N/A	0.00	Director	$0	$0	$0
Amy Anderson	N/A	0.00	Director	$0	$0	$0
Don Webb	N/A	0.00	Director	$0	$0	$0
Phil Undestad	N/A	0.00	Director	$0	$0	$0
Aaron Ciccarello	N/A	0.00	Director	$0	$0	$0
Frank Cassara	N/A	0.00	Director	$0	$0	$0
Chris Dyer	N/A	0.00	Director	$0	$0	$0
Ashley Hofecker	CEO	40.00	Officer	$0	$0	$0
Nick Holmes	Chair	0.00	Officer	$0	$0	$0
Sandra Bassett	Chair-Elect	0.00	Officer	$0	$0	$0
Tyler Stapleton	Treasurer	0.00	Officer	$0	$0	$0
Jamie Kennedy	Secretary	0.00	Officer	$0	$0	$0
Christie Williams	Immediate Past Chair	0.00	Officer	$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
2025	$437,982	$422,291	$631,902	$15,691
2024	No data	No data	No data	No data
2023	$345,670	$404,976	$677,010	$-59,306
2022	$327,430	$332,260	$732,954	$-4,830
2020	$265,325	$295,543	$474,021	$-30,218
2019	$288,128	$307,257	$501,742	$-19,129

Greater Hernando County Chamber of Commerce Inc