FOUNDATION OF GREATER FORT WALTON BEACH CHAMBER OF COMMERCE INC (EIN 593414046) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

TED CORCORAN

Phone

8502448191

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION OF GREATER FORT WALTON BEACH CHAMBER OF COMMERCE INC, founded in 1996, is a micro nonprofit in the Community Improvement sector that reported $2K in total revenue in fiscal year 2024. Expenses of $14K exceeded revenue, resulting in a 629% operating deficit.

Mission

TO PROMOTE THE DEVELOPMENT OF THE BUSINESS COMMUNITY AND THE GENERAL COMMUNITY OF THE GREATER FORT WALTON BEACH, FLORIDA AREA; TO PROVIDE NON-PROFIT SERVICES TO THE GREATER FORT WALTON BEACH, FLORIDA AREA THROUGH CHARITABLE, EDUCATIONAL, OR SCIENTIFIC ACTIVITIES; AND TO SUPPORT AND ASSIST THE COMMUNITY DEVELOPMENT ACTIVITIES OF THE GREATER FORT WALTON BEACH CHAMBER OF COMMERCE THROUGH ITS, BEAUTIFICATION PROJECTS, PRESERVATION OF LOCAL AREA NATURAL RESOURCES, AND OTHER COMMUNITY ACTIVITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $1,863

TOTAL REVENUE $1,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,573

Other Expenses $13,573

TOTAL EXPENSES $13,573

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,863	$-11,388	-1.2%
Expenses	$13,573	$11,523	+0.2%
Net Income	$-11,710	$-22,911	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
STEPHEN PERKINS	CHAIR	20.00	Officer Director	$0	$0	$0
GORDON KING	CHAIR-ELECT	20.00	Officer Director	$0	$0	$0
MAUREEN BIERMAN	IMMEDIATE PAST CHAIR	20.00	Officer Director	$0	$0	$0
ALAN JOWERS	TREASURER	5.00	Officer Director	$0	$0	$0
JARED WILLIAMS	EX OFFICIO - EXECUTIVE COM	5.00	Director	$0	$0	$0
BRUCE MARSHALL	LIFE DIRECTOR	5.00	Director	$0	$0	$0
JEANNE RIEF	LIFE DIRECTOR	5.00	Director	$0	$0	$0
KATHY HOUCHINS	LIFE DIRECTOR	5.00	Director	$0	$0	$0
LISA JO SPENCER	LIFE DIRECTOR	5.00	Director	$0	$0	$0
BONNIE BARLOW	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
BOBBY NABORS	EXECUTIVE COMMITTEE	5.00	Director	$0	$0	$0
ASHLEY ALLEGRETTO	BOARD DIRECTOR	5.00	Director	$0	$0	$0
CATHERINE CARD	BOARD DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL JONES	BOARD DIRECTOR	5.00	Director	$0	$0	$0
CHAD ROGERS	BOARD DIRECTOR	5.00	Director	$0	$0	$0
NATHAN SPARKS	BOARD DIRECTOR	5.00	Director	$0	$0	$0
SHANE WEDDLE	BOARD DIRECTOR	5.00	Director	$0	$0	$0
KEITH WOOD	BOARD DIRECTOR	5.00	Director	$0	$0	$0
KELLY JASON	BOARD DIRECTOR	5.00	Director	$0	$0	$0
BERNARD JOHNSON	BOARD DIRECTOR	5.00	Director	$0	$0	$0
HOLLY KARR	BOARD DIRECTOR	5.00	Director	$0	$0	$0
JASON MONROE	BOARD DIRECTOR	5.00	Director	$0	$0	$0
JERRY WILLIAMS	BOARD DIRECTOR	5.00	Director	$0	$0	$0
ELIZABETH EULBERG	BOARD DIRECTOR	5.00	Director	$0	$0	$0
JAKIE HUBBELL	BOARD DIRECTOR	5.00	Director	$0	$0	$0
TIFFANY MERRELL	BOARD DIRECTOR	5.00	Director	$0	$0	$0
KARI PAINTER	BOARD DIRECTOR	5.00	Director	$0	$0	$0
JAMI SEARLE	BOARD DIRECTOR	5.00	Director	$0	$0	$0
HEATHER SEELY-PEREZ	BOARD DIRECTOR	5.00	Director	$0	$0	$0
TED CORCORAN	PRESIDENT/CEO	5.00	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
2024	$1,863	$13,573	$379,567	$-11,710
2023	$-11,388	$11,523	$408,520	$-22,911
2022	$16,610	$11,654	$436,088	$4,956

FOUNDATION OF GREATER FORT WALTON BEACH CHAMBER OF COMMERCE INC