OCEAN SPRINGS CHAMBER OF COMMERCE

EIN: 640588067

OCEAN SPRINGS, MS

Total Revenue
$582,136
Total Expenses
$632,001
Total Assets
$685,298
Net Assets
$662,258
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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
MS
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.

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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 $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

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Governance

Voting Members
16
Independent Members
16
Employees
9
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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
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
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