GREATER FORT MYERS CHAMBER OF COMMERCE INC (EIN 650110700) - 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

1989

Legal Domicile

Principal Officer

MICHELE HOOVER

Phone

2393322930

Tax Period

2023-07-01 to 2024-06-30

GREATER FORT MYERS CHAMBER OF COMMERCE INC, founded in 1989, is a small nonprofit that reported $625K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $204K, a strong 33% operating margin.

Mission

THE GREATER FORT MYERS CHAMBER OF COMMERCE REPRESENTS OVER 800 BUSINESSES, PROFESSIONALS, AND INDIVIDUALS THROUGHOUT LEE COUNTY. WE PROVIDE OPPORTUNITIES FOR MEMBERS TO NETWORK WITH OTHER BUSINESSES, PARTICIPATE IN MEANINGFUL COMMITTEE WORK, BECOME BETTER EDUCATED THROUGH VARIOUS CHAMBER- SPONSORED PROGRAMS, AND COMMUNICATE ONE-ON-ONE WITH COMMUNITY LEADERS. 1) STIMULATES THE LOCAL ECONOMY THROUGH PROGRAMS, EVENTS, AND SERVIES THAT SPOTLIGHT AREA BUSINESS, PROMOTES BUSINESS ACTIVITIES, AND ENCOURAGES ENTREPRENEURES; 2) ADVOCATES FOR THE COMMUNITEY BY COLLABORATING WITH 7 LOCAL CHAMBERS OF COMMERCE - THE SWFL ALLIANCE OF CHAMBERS- TO WORK ON TRANSPORTATION, WORKFORCE HOUSING, WATER QUALITY AND OTHER IMPORTANT ISSUES.

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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 $0

Program Service Revenue $586,038

Investment Income $5,309

Other Revenue $34,124

TOTAL REVENUE $625,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,394

Fundraising Expenses $0

Program Expenses $165,876

Other Expenses $191,435

TOTAL EXPENSES $421,829

Year-over-Year Comparison

	2023	2022	Change
Revenue	$625,471	$480,275	+0.3%
Expenses	$421,829	$399,388	+0.1%
Net Income	$203,642	$80,887	+1.5%

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

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
LEE GOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL P HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DEAN PICCIRILLO	DIRECTOR	1.00	Director	$0	$0	$0
KELLY TALAMO-DRUMM	DIRECTOR	1.00	Director	$0	$0	$0
DAN ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CANNINGTON	DIRECTOR	1.00	Director	$0	$0	$0
MARK BLUST	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
RANDY MITCHELSON	DIRECTOR	1.00	Director	$0	$0	$0
DAN DETRICK	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA VOGT	DIRECTOR	1.00	Director	$0	$0	$0
JOE MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GRATZ-WHYTE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DOUG STEVENS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SPIRO	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY FORD	2ND VICE CHA	1.00	Officer Director	$0	$0	$0
JAY JOHNSON	CHAIR	1.00	Officer Director	$0	$0	$0
MICHELE HOOVER	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
JIM LARKIN	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA SCHIVINSKI	DIRECTOR	1.00	Director	$0	$0	$0
ADAM STACHURSKI	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEIGH DROZ	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DR RYAN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MIELKE	EX-OFFICIO	1.00	Director	$0	$0	$0
JESI CRANE	DIRECTOR	1.00	Director	$0	$0	$0
KELLY THAWLEY	DIRECTOR	1.00	Director	$0	$0	$0
MATT KARASTAMATIS	DIRECTOR	1.00	Director	$0	$0	$0
NEFTALI FELICIANO	DIRECTOR	1.00	Director	$0	$0	$0
PHIL GAYLOR	EX-OFFICIO	1.00	Director	$0	$0	$0
SHAWN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WEATHERS	EX-OFFICIO	1.00	Director	$0	$0	$0
TODD RAUCHENBERGER	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$644,558	$440,458	$441,118	$204,100
2024	$625,471	$421,829	$441,118	$203,642
2023	$480,275	$399,388	$257,965	$80,887
2022	$470,609	$430,814	$191,258	$39,795
2021	$469,943	$391,558	$227,393	$78,385
2020	$446,479	$466,457	$155,505	$-19,978
2019	$408,325	$502,909	$21,736	$-94,584
2018	$421,537	$478,131	$95,827	$-56,594

GREATER FORT MYERS CHAMBER OF COMMERCE INC