FROSTPROOF AREA CHAMBER OF COMMERCE (EIN 596151189) - 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

1983

Legal Domicile

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.

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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 $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

Governance

Voting Members

Independent Members

Employees

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
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

FROSTPROOF AREA CHAMBER OF COMMERCE