OCEAN SPRINGS CHAMBER OF COMMERCE

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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

1949

Legal Domicile

Principal Officer

CYNTHIA SUTTON

Phone

2288754424

Tax Period

2024-01-01 to 2024-12-31

OCEAN SPRINGS CHAMBER OF COMMERCE, founded in 1949, is a small nonprofit that reported $582K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

THE ENHANCEMENT OF THE BUSINESS, EDUCATIONAL, ART, AND TOURISM ENVIRONMENT IN THE COMMUNITY OF OCEAN SPRINGS.

Program Service Accomplishments

Program 1

Expenses: $477,554

PROGRAM SERVICE EXPENSES USED PROMOTE OCEAN SPRINGS BUSINESSES, EDUCATION, THROUGH REGIONAL PUBLICATIONS AND LOCAL AND REGIONAL PRINT ADVERTISING: PROMOTE THE AVAILABLE ARTS AND CRAFTS AND TOURISM...

PROGRAM SERVICE EXPENSES USED PROMOTE OCEAN SPRINGS BUSINESSES, EDUCATION, THROUGH REGIONAL PUBLICATIONS AND LOCAL AND REGIONAL PRINT ADVERTISING: PROMOTE THE AVAILABLE ARTS AND CRAFTS AND TOURISM THROUGH FESTIVALS AND SPECIAL EVENTS FEATURING REGIONAL ARTISTS, ATTRACTIONS, AND CUISINE.

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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 $85,155

Program Service Revenue $482,428

Investment Income $14,283

Other Revenue $270

TOTAL REVENUE $582,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,664

Fundraising Expenses $0

Program Expenses $485,214

Other Expenses $408,337

TOTAL EXPENSES $632,001

Year-over-Year Comparison

	2024	2023	Change
Revenue	$582,136	$678,721	-0.1%
Expenses	$632,001	$600,234	+0.1%
Net Income	$-49,865	$78,487	-1.6%

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
SANDRA CARTER	PRESIDENT	N/A	Officer Director	$0	$0	$0
JEFF SHEPHERD	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DAVID THOMPSON	TREASURER	N/A	Officer Director	$0	$0	$0
CHRIS CROCKER	SECRETARY	N/A	Officer Director	$0	$0	$0
CAROL M STUART	EX OFFICIO	N/A	Director	$0	$0	$0
CYNTHIA SUTTON	EXECUTIVE DI	N/A	Officer	$0	$0	$0
SHIRLEY LEROY	DIRECTOR	N/A	Director	$0	$0	$0
JONATHAN BRANNAN	DIRECTOR	N/A	Director	$0	$0	$0
TREY BRENNAN	DIRECTOR	N/A	Director	$0	$0	$0
CARETTA HALL	DIRECTOR	N/A	Director	$0	$0	$0
SYDNEY BENTZ	DIRECTOR	N/A	Director	$0	$0	$0
DAN MOBLEUY	DIRECTOR	N/A	Director	$0	$0	$0
DR BILL MOORE	DIRECTOR	N/A	Director	$0	$0	$0
DR NATHAN SUMNER	DIRECTOR	N/A	Director	$0	$0	$0
WILL TAYLOR	DIRECTOR	N/A	Director	$0	$0	$0
ZANE WELLS	DIRECTOR	N/A	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	$582,136	$632,001	$685,298	$-49,865
2023	$678,721	$600,234	$748,669	$78,487
2022	$542,948	$514,396	$631,311	$28,552
2021	$496,052	$467,892	$645,814	$28,160
2020	$376,958	$445,440	$608,740	$-68,482
2019	$490,951	$450,110	$639,487	$40,841
2018	$463,891	$412,359	$664,032	$51,532