FROSTPROOF AREA CHAMBER OF COMMERCE

EIN: 596151189

FROSTPROOF, FL

Total Revenue
$97,298
Total Expenses
$91,964
Total Assets
$577,391
Net Assets
$576,891
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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
FL
Principal Officer
MICHELLE HUTTO
Phone
8636359112
Tax Period
2024-01-01 to 2024-12-31

FROSTPROOF AREA CHAMBER OF COMMERCE, founded in 1983, is a micro nonprofit that reported $97K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $92K left a modest 5% surplus.

Mission

THE MISSION OF THE FROSTPROOF AREA CHAMBER OF COMMERCE IS TO ENHANCE CIVIC, COMMERCIAL, AGRICULTURAL, CULTURAL AND SOCIAL WELFARE OF THE BUSINESSES AND CITIZENS OF THE FROSTPROOF AREA.

Program Service Accomplishments

Program 1
Expenses: $60,702 Revenue: $69,516

FESTIVALS FOR THE RESIDENTS OF THE FROSTPROOF AREA COMMUNITY SPONSORED BY THE BUSINESSES OF THE FROSTPROOF AREA CHAMBER OF COMMERCE. INCLUDING: FALL FESTIVAL, CHRISTMAS PARADE, RIDING WITH ANGELS AND...

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FESTIVALS FOR THE RESIDENTS OF THE FROSTPROOF AREA COMMUNITY SPONSORED BY THE BUSINESSES OF THE FROSTPROOF AREA CHAMBER OF COMMERCE. INCLUDING: FALL FESTIVAL, CHRISTMAS PARADE, RIDING WITH ANGELS AND ORANGE BLOSSOM FESTIVAL. EVENTS COMBINED BROUGHT OVER 10,000 PEOPLE TO FROSTPROOF.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,000
Program Service Revenue $69,516
Investment Income $1,202
Other Revenue $10,580
TOTAL REVENUE $97,298

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,653
Fundraising Expenses $2,766
Program Expenses $67,246
Other Expenses $64,311
TOTAL EXPENSES $91,964

Year-over-Year Comparison

2024 2023 Change
Revenue $97,298 $73,614 +0.3%
Expenses $91,964 $102,304 -0.1%
Net Income $5,334 $-28,690 -1.2%
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

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Governance

Voting Members
10
Independent Members
3
Employees
3
Volunteers
4

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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE HUTTO PRESIDENT 2.00
Officer Director
$0 $0 $0
JOSH TURNER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
SANDRA WOLF SECRETARY 1.00
Officer Director
$0 $0 $0
MISSY HADDEN TREASURER 1.00
Officer Director
$0 $0 $0
EMILY BENNETT EXECUTIVE DI 2.00
Officer Director
$0 $0 $0
TASHANA TRUE DIRECTOR 0.50
Director
$0 $0 $0
ROY HARNANDEZ DIRECTOR 0.50
Director
$0 $0 $0
JAMIE SMITH DIRECTOR 0.50
Director
$0 $0 $0
LORI MARTIN DIRECTOR 0.50
Director
$0 $0 $0
AMANDA WALTERS DIRECTOR 0.50
Director
$0 $0 $0
ADDY ZAMBELLI DIRECTOR 0.50
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 $97,298 $91,964 $577,391 $5,334
2023 $73,614 $102,304 $571,558 $-28,690
2022 $47,826 $82,534 $600,248 $-34,708
2021 $32,216 $54,950 $634,767 $-22,734
2020 $47,036 $61,976 $657,809 $-14,940
2019 $19,340 $58,504 $672,749 $-39,164
2018 $38,839 $73,166 $711,934 $-34,327
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