MISSISSIPPI GULF COAST CHAMBER OF COMMERCE INC (EIN 640761350) - 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

1988

Legal Domicile

Principal Officer

ADELE LYONS

Phone

2286040014

Tax Period

2024-01-01 to 2024-12-31

MISSISSIPPI GULF COAST CHAMBER OF COMMERCE INC, founded in 1988, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024.

Mission

MISSISSIPPI GULF COAST CHAMBER OF COMMERCE, INC., A MISSISSIPPI NON-PROFIT CORPORATION (THE "CHAMBER") CONNECTS, INFORMS, ADVOCATES AND DEVELOPS.

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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 $520,770

Program Service Revenue $591,217

Investment Income $58,111

Other Revenue $8,292

TOTAL REVENUE $1,178,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $604,540

Fundraising Expenses $0

Program Expenses $1,003,187

Other Expenses $654,310

TOTAL EXPENSES $1,258,850

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,178,390	$1,163,332	+0.0%
Expenses	$1,258,850	$1,153,516	+0.1%
Net Income	$-80,460	$9,816	-9.2%

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

275

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

$116,888

Total Directors

$116,888

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC CHAMBLESS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAKAVIOUS PICKETT	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
AMBER OLSEN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
HEATHER SMITH	ATTORNEY	0.50	Officer Director	$0	$0	$0
JENNIFER LEE	TREASURER	1.00	Officer Director	$0	$0	$0
LAUREN MCCRORY	CHAIR	1.00	Director	$0	$0	$0
TOM WADE	CHAIR	1.00	Director	$0	$0	$0
STEPHANIE MATHES	CHAIR	1.00	Director	$0	$0	$0
SHANINUN PITTMAN	CHAIR	1.00	Director	$0	$0	$0
LAUREN SANTA CRUZ	CHAIR	1.00	Director	$0	$0	$0
CHRISTIAN HARTLEY	CHAIR	1.00	Director	$0	$0	$0
NELL SCHMIDT	CHAIR	1.50	Director	$0	$0	$0
RYAN GOLDIN	MEMBER	0.50	Director	$0	$0	$0
EMILY BURKE	MEMBER	0.50	Director	$0	$0	$0
HOPE BLANKENSHIP	MEMBER	0.50	Director	$0	$0	$0
FRANK DAWSON	MEMBER	0.50	Director	$0	$0	$0
KEVA SCOTT	MEMBER	0.50	Director	$0	$0	$0
KIMBERLY RASMUSSEN	MEMBER	0.50	Director	$0	$0	$0
ANGELYN ZERINGUE	MEMBER	0.50	Director	$0	$0	$0
BRYAN JACOBS	MEMBER	0.50	Director	$0	$0	$0
CHRISTEN DUHE	MEMBER	0.50	Director	$0	$0	$0
GEORGIA STOREY	MEMBER	0.50	Director	$0	$0	$0
DAVID DUHE	MEMBER	0.50	Director	$0	$0	$0
LESLIE KELLEY	MEMBER	0.50	Director	$0	$0	$0
CINDY LAMB	MEMBER	0.50	Director	$0	$0	$0
ARLANA HARGRAVE	MEMBER	0.50	Director	$0	$0	$0
RICK WILLIAMS	CHAIR, MGCCC FOUNDATION	0.50	Director	$0	$0	$0
BRENT FAIRLEY	EX OFFICIO	0.50	Director	$0	$0	$0
MONICA WALKER	EX OFFICIO	0.50	Director	$0	$0	$0
APRIL SANDERSON	EX OFFICIO	0.50	Director	$0	$0	$0
ADELE LYONS	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$116,888	$0	$116,888

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	$1,178,390	$1,258,850	$2,189,885	$-80,460
2023	$1,163,332	$1,153,516	$2,147,378	$9,816
2022	$1,227,800	$1,155,520	$2,062,924	$72,280
2021	$1,181,267	$1,032,968	$2,124,616	$148,299
2020	$820,835	$863,344	$1,934,632	$-42,509
2019	$1,127,095	$1,061,312	$1,941,639	$65,783
2018	$1,143,693	$1,078,597	$1,873,648	$65,096

MISSISSIPPI GULF COAST CHAMBER OF COMMERCE INC