FLORIDA CHAMBER OF COMMERCE FOUNDA… - 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

1968

Legal Domicile

Principal Officer

MARK WILSON

Phone

8505211261

Tax Period

2023-11-01 to 2024-10-31

FLORIDA CHAMBER OF COMMERCE FOUNDATION INC, founded in 1968, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $923K, a strong 26% operating margin.

Mission

THE FLORIDA CHAMBER FOUNDATION RESEARCHES LONG TERM ECONOMIC DEVELOPMENT, EDUCATION, QUALITY OF LIFE AND COMPETITIVENESS ISSUES AND MAKES RECOMMENDATIONS THAT WILL HELP GROW AND DIVERSIFY FLORIDA'S ECONOMY WHILE CREATING ECONOMIC OPPORTUNITY AND GOOD JOBS FOR FLORIDIANS.

Program Service Accomplishments

Program 1

Expenses: $113,900 Revenue: $10,714

FOR AUDITED FINANCIAL STATEMENT PRESENTATION PURPOSES, INVESTMENT EXPENSES ARE NETTED WITH INVESTMENT INCOME. FOR TAX RETURN PRESENTATION PURPOSES, INVESTMENT EXPENSES ARE RECORDED ON PART IX...

FOR AUDITED FINANCIAL STATEMENT PRESENTATION PURPOSES, INVESTMENT EXPENSES ARE NETTED WITH INVESTMENT INCOME. FOR TAX RETURN PRESENTATION PURPOSES, INVESTMENT EXPENSES ARE RECORDED ON PART IX, STATEMENT OF FUNCTIONAL EXPENSES.

Program 2

Expenses: $252,613 Revenue: $99,459

THE FLORIDA CHAMBER FOUNDATION'S FLORIDA 2030 BLUEPRINT IS A UNIFYING AND VISIONARY STRATEGIC PLAN FOR FLORIDA'S FUTURE WITH 39 GOALS CONTAINED WITHIN SIX PILLARS TO GUIDE FLORIDA TO GROWING INTO A TOP 10 GLOBAL ECONOMY, CREATING A PATH TO PROSPERITY FOR ALL ZIP CODES IN FLORIDA AND POSITIONING FLORIDA AS THE TOP STATE FOR ATTRACTING AND RETAINING TALENT AND VISITORS OF ALL AGES. TO REACH THE FLORIDA 2030 BLUEPRINT GOALS TAKES CREATING MOVEMENTS, ALL YEAR LONG, TO UNITE THE BUSINESS COMMUNITY TO DRIVE NON-PARTISAN SOLUTIONS AND TO MOVE THE NEEDLE TO MAKE SURE FLORIDA CONTINUES ON THE PATH TO SECURE FLORIDA'S FUTURE. PART OF THE ALL-YEAR-LONG MOVEMENT INCLUDES FIVE FLORIDA CHAMBER FOUNDATION EDUCATIONAL SOLUTION SUMMITS THAT BRING TO LIFE THE STRATEGIC INITIATIVES, PILLARS AND PROGRESS BEING MADE ON THE 39 GOALS. THESE ONE-DAY EVENTS BRING TOGETHER LEADING VOICES, BUSINESS LEADERS, COMMUNITY AND STATEWIDE LEADERS, EDUCATORS, NONPROFIT LEADERS, LAWMAKERS, AND OTHER KEY STAKEHOLDERS TO CONTINUE THE CONVERSATION AND REPORT ON THE PROGRESS BEING MADE EACH YEAR ON THE RESPECTIVE FLORIDA 2030 BLUEPRINT GOALS TIED TO EACH BOARD-DIRECTED STRATEGIC INITIATIVE VIA EDUCATIONAL AND INTERACTIVE SOLUTION SUMMITS. EACH OF THE GOALS IS MEASURED AND TRACKED ON WWW.THEFLORIDASCORECARD.ORG - A DYNAMIC ONLINE TOOL THAT IDENTIFIES AND TRACKS THE KEY FACTORS IMPACTING FLORIDA'S FUTURE. THE FLORIDA SCORECARD GIVES LOCAL STAKEHOLDERS THE POWER TO MEASURE PROGRESS WITHIN THEIR OWN COMMUNITIES AND PROVIDES FLORIDIANS WITH THE METRICS THEY NEED TO SECURE FLORIDA'S FUTURE. AT THE CONCLUSION OF EACH SOLUTION SUMMIT, ATTENDEES LEAVE WITH A CLEAR ROADMAP TO HOW THEY CAN FURTHER ENGAGE WITH THE FLORIDA CHAMBER FOUNDATION, EACH STRATEGIC INITIATIVE, CONTINUING CONVERSATIONS AND WORK AS WELL AS HOW TO UNITE LOCALLY MAKE AN IMPACT IN THEIR OWN COMMUNITY DOWN TO THE ZIP CODE/NEIGHBORHOOD LEVEL. PARTICIPANTS ARE FOCUSED ON CREATING ECONOMIC OPPORTUNITY FOR ALL AND PUTTING THE LONG TERM AHEAD OF THE SHORT TERM. THE FLORIDA CHAMBER FOUNDATION SOLUTIONS SUMMITS INCLUDE: -FLORIDA ECONOMIC OUTLOOK & JOBS SOLUTION SUMMITS (JANUARY) -FLORIDA PROSPERITY & ECONOMIC OPPORTUNITY SOLUTION SUMMIT (MAY) -FLORIDA LEARNERS TO EARNERS WORKFORCE SOLUTION SUMMIT (JUNE) -FLORIDA TECHNOLOGY & INNOVATION SOLUTION SUMMIT (AUGUST) -FLORIDA TRANSPORTATION, GROWTH & INFRASTRUCTURE SOLUTION SUMMIT (DECEMBER) THE FLORIDA CHAMBER FOUNDATION'S SOLUTION SUMMITS CULMINATE ANNUALLY IN THE FUTURE OF FLORIDA FORUM EACH FALL. AS THE PREMIER FOUNDATION EVENT OF THE YEAR, THE FORUM BRINGS TOGETHER FLORIDA'S TOP BUSINESS LEADERS, ELECTED OFFICIALS, COMMUNITY AND EDUCATION ADVOCATES TO CONNECT ON UNITING TO ENSURE THE RIGHT DISCUSSIONS HAPPEN IN FLORIDA AND WORK TO ACHIEVE THE FLORIDA 2030 BLUEPRINT GOALS. FROM DISCUSSING THE FUTURE OF ECONOMIC DEVELOPMENT AND DIVERSIFICATION TO ALIGNING EDUCATION AND TRAINING WITH WORKFORCE NEEDS, THE DEPLOYMENT OF AI, THE STATE OF THE CURRENT AND FUTURE ECONOMY, THE FUTURE OF TRANSPORTATION AND INFRASTRUCTURE, MANUFACTURING, TRADE AND LOGISTICS, TECH AND INNOVATION, TOURISM, LEGISLATION, THE BUSINESS LED BRAND OF FLORIDA AND MUCH MORE - THE FUTURE OF FLORIDA FORUM SERVES AS THE EVENT THAT DRIVES THE MISSION OF THE FLORIDA CHAMBER FOUNDATION AND UNITES THE BUSINESS COMMUNITY TO SECURE FLORIDA'S FUTURE.

Program 3

Expenses: $629,093

CURRENTLY THERE ARE OVER 700,000 CHILDREN LIVING IN POVERTY IN FLORIDA'S 983 ZIP CODES. HALF OF THEM LIVE IN JUST 150, OR 15%, OF FLORIDA'S 983 ZIP CODES. THE FLORIDA PROSPERITY PROJECT WAS BORN OUT OF THE IDEA THAT THE ZIP CODE A PERSON IS BORN INTO SHOULD NOT DICTATE THEIR FUTURE OPPORTUNITIES. WE BELIEVE NO CHILD SHOULD WONDER WHERE THEIR NEXT MEAL WILL COME FROM. WE BELIEVE THAT NO CHILD SHOULD WONDER WHERE THEY WILL SAFELY SLEEP AT NIGHT. WE BELIEVE THAT NO CHILD SHOULD WORRY ABOUT WHO WILL PROTECT THEM. PART OF THE FLORIDA CHAMBER FOUNDATION'S FLORIDA 2030 BLUEPRINT, THE GOAL OF THE FLORIDA PROSPERITY PROJECT IS TO CUT FLORIDA'S CHILDHOOD POVERTY IN HALF BY 2030. THE 10 ROOT CAUSES OF GENERATIONAL POVERTY OUR RESEARCH INTO CHILDHOOD POVERTY IDENTIFIED TEN ROOT CAUSES THAT CREATE THE CYCLE OF GENERATIONAL POVERTY; 1.LACK OF EMPLOYMENT OPPORTUNITIES 2.LACK OF EDUCATION & WORKFORCE DEVELOPMENT 3.UNAFFORDABLE AND UNATTAINABLE HOUSING 4.POOR TRANSPORTATION OPTIONS 5.DISPROPORTIONATE ADVERSE HEALTH OUTCOMES 6.FOOD INSECURITY 7.UNAFFORDABLE & UNATTAINABLE CHILD CARE AND FAMILY CARE 8.UNSAFE ENVIRONMENTS, 9.IMBALANCE OF OUTCOMES IN THE CRIMINAL JUSTICE SYSTEM, 10.LACK OF COMMUNITY VOICE AND SELF-AGENCY OUR PASSION TO ENSURE EVERY PERSON HAS THE OPPORTUNITY TO REACH THEIR FULLEST POTENTIAL IS WHY WE CREATED THE FLORIDA CHAMBER FOUNDATION'S FLORIDA PROSPERITY PROJECT. BECAUSE WE ARE FIRMLY COMMITTED TO END THE INEQUALITY OF OPPORTUNITY THAT EXISTS IN PARTS OF FLORIDA, WE'VE TAKEN THE FULL STRENGTH OF OUR VOICES AND INSIGHTS TO CAPITOL HILL AND WE HAVE SHARED OUR ANALYSIS AND POLICY RECOMMENDATIONS FOR CHANGE BEFORE LAWMAKERS IN TALLAHASSEE AND WASHINGTON, D.C. OUR PASSION TO SECURE FLORIDA'S FUTURE IS STRONGER TODAY THAN EVER. THE FLORIDA PROSPERITY PROJECT EFFORTS INCLUDE: -ZIP CODE LEVEL DATA RESEARCH VIA WWW.THEFLORIDAGAPMAP.ORG THAT HELPS LOCAL COMMUNITIES IDENTIFY WHICH ZIP CODES ARE MOST IN NEED OF HELP AND HOW TO BEST ALLOCATE AVAILABLE RESOURCES -A STATEWIDE ADVISORY BOARD MADE UP OF BUSINESS LEADERS WHO ARE COMMITTED TO CREATING EQUALITY OF OPPORTUNITY FOR ALL FLORIDIANS -CREATING A FRAMEWORK TO DEVELOP COUNTYWIDE PROSPERITY EFFORTS AND ZIP CODE CHAMPIONS IN EVERY COMMUNITY IN FLORIDA -AN ANNUAL SOLUTION SUMMIT THAT BRINGS TOGETHER THE BUSINESS COMMUNITY TO LEARN MORE ABOUT THE ROOT CAUSES OF POVERTY AND SHARE SOLUTIONS -CREATING A RESOURCE CENTER OF PROMISING PRACTICES FROM WHICH COUNTY AND ZIP CODE CHAMPIONS CAN GAIN INSIGHT -ADVOCACY AT THE LOCAL, STATE, AND NATIONAL LEVEL CUTTING CHILDHOOD POVERTY IN HALF IS AN AUDACIOUS GOAL, BUT IT CAN BE DONE IF WE TARGET OUR EFFORTS TO AREAS WITHIN OUR COMMUNITIES MOST IN NEED. ONE ZIP CODE AT A TIME. ONE NEIGHBORHOOD AT A TIME.

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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 $2,615,859

Program Service Revenue $730,579

Investment Income $166,508

Other Revenue $69,376

TOTAL REVENUE $3,582,322

Expense Breakdown

Grants Paid $81

Salaries & Benefits $1,582,691

Fundraising Expenses $240,945

Program Expenses $2,177,520

Other Expenses $1,076,113

TOTAL EXPENSES $2,658,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,582,322	$4,383,537	-0.2%
Expenses	$2,658,885	$2,460,081	+0.1%
Net Income	$923,437	$1,923,456	-0.5%

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

$1,640,362

Total Directors

$1,344,215

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN BELAMARICH	DIRECTOR	1.00	Director	$0	$0	$0
STACEY BRANDT	DIRECTOR	1.00	Director	$0	$0	$0
GREG BRITTON	DIRECTOR	1.00	Director	$0	$0	$0
BILL CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER CARMODY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN CARR	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE CAUFFIELD	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON CHASE	DIRECTOR	1.00	Director	$0	$0	$0
MARK GLICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRAULIO COLON	DIRECTOR	1.00	Director	$0	$0	$0
DOUG DAVIDSON	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET DEASON-COUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY DIETZ	DIRECTOR	1.00	Director	$0	$0	$0
RYAN DUFFY	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA FALCONETTI	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE GISLASON	DIRECTOR	1.00	Director	$0	$0	$0
ELISHA GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
JASON HARRELL	DIRECTOR	1.00	Director	$0	$0	$0
JOE ANNE HART	DIRECTOR	1.00	Director	$0	$0	$0
ERICK HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
KENT INGLE	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE IVERSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
RICH KILLION	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KING	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP LANHAM	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LONG	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS MALLOL	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MAURO	DIRECTOR	1.00	Director	$0	$0	$0
BETHANY MCALISTER	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE MCMURRAY	DIRECTOR	1.00	Director	$0	$0	$0
JIM MURDAUGH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID NORTON	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN PLINSKE	DIRECTOR	1.00	Director	$0	$0	$0
PHIL POEKERT	DIRECTOR	1.00	Director	$0	$0	$0
MEL PONDER	DIRECTOR	1.00	Director	$0	$0	$0
TODD POWELL	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY PRATT	DIRECTOR	1.00	Director	$0	$0	$0
CHAD LOAR	DIRECTOR	1.00	Director	$0	$0	$0
CASEY REED	DIRECTOR	1.00	Director	$0	$0	$0
ERIN SMELTZER	DIRECTOR	1.00	Director	$0	$0	$0
NADINE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SOHL	DIRECTOR	1.00	Director	$0	$0	$0
BOB SWINDELL	DIRECTOR	1.00	Director	$0	$0	$0
MADELEINE THAKUR	DIRECTOR	1.00	Director	$0	$0	$0
AYSEGUL TIMUR	DIRECTOR	1.00	Director	$0	$0	$0
ANDY WATTS	DIRECTOR	1.00	Director	$0	$0	$0
CASEY WELCH	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE GETTY	DIRECTOR	1.00	Director	$0	$0	$0
DAN HURTADO	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS FLACK	DIRECTOR	1.00	Director	$0	$0	$0
STACY BAIER	DIRECTOR	1.00	Director	$0	$0	$0
MARLENE SPALTEN	DIRECTOR	1.00	Director	$0	$0	$0
KATE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN WALTER	DIRECTOR	1.00	Director	$0	$0	$0
DWAINE STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE D SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ANGELICA SANTIBANEZ	DIRECTOR	1.00	Director	$0	$0	$0
CARY PUTRINO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ODAHOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MOORE	DIRECTOR	2.00	Director	$0	$0	$0
MIA MCKOWN	DIRECTOR	1.00	Director	$0	$0	$0
DON KISELEWSKI	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
MARK WILSON	PRESIDENT & CEO	5.00	Officer Director	$0	$62,299	$858,018
CATHERINE YEUTTER	CFO/COO	5.00	Officer Director	$0	$55,064	$486,197
FRANK WALKER	EVP GOVERNMENT RELATIONS & POLTICAL ACTION	5.00	Officer	$0	$44,410	$296,147
KYLE BALTACH	EVP FOUNDATION - FORMER	40.00		$141,384	$21,130	$162,514

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	$3,582,322	$2,658,885	$11,996,121	$923,437
2023	$4,383,537	$2,460,081	$9,641,721	$1,923,456
2022	$4,444,150	$2,476,858	$7,586,152	$1,967,292
2021	$2,448,122	$1,767,592	$7,530,377	$680,530
2020	$1,711,696	$1,297,450	$5,610,971	$414,246
2019	$1,930,619	$1,876,928	$5,083,201	$53,691
2018	$2,199,367	$2,209,189	$4,706,779	$-9,822

FLORIDA CHAMBER OF COMMERCE FOUNDATION INC