GREATER FORT MYERS CHAMBER OF COMMERCE FOUNDATION INC (EIN 650502789) - 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

1994

Legal Domicile

Principal Officer

MICHELE HOOVER

Phone

2393322930

Tax Period

2024-07-01 to 2025-06-30

GREATER FORT MYERS CHAMBER OF COMMERCE FOUNDATION INC, founded in 1994, is a micro nonprofit in the Education sector that reported $57K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $16K, a strong 28% operating margin.

Mission

THE MISSION OF THE GREATER FORT MYERS CHAMBER OF COMMERCE FOUNDATION, INC. IS TO SUPPORT AND ASSIST LOCAL EDUCATION AT A VARIETY OF LEVELS IN OUR COMMUNITY. THE FOUNDATION, FOUNDED IN 2004, DOES THIS IN A VARIETY OF WAYS INCLUDING THE FOLLOWING: PROVIDING SCHOLARSHIPS FOR COLLEGE STUDENTS; PROVIDING GRANTS TO EDUCATORS AND EDUCATIONAL INSTITUTIONS; SUPPORTING EDUCATIONAL PROGRAMS; SUPPORTING SEMINARS AND WORKSHOPS OF INTEREST FOR THE BENEFIT OF THE BUSINESS COMMUNITY AND PROVIDING RECOGNITION FOR OUTSTANDING EDUCATORS AND STUDENTS.

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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 $54,460

Program Service Revenue $0

Investment Income $24

Other Revenue $2,338

TOTAL REVENUE $56,822

Expense Breakdown

Grants Paid $34,638

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,056

Other Expenses $6,418

TOTAL EXPENSES $41,056

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,822	$62,237	-0.1%
Expenses	$41,056	$375,735	-0.9%
Net Income	$15,766	$-313,498	-1.1%

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

N/A

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
NEFTALI FELICIANO	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE HOOVER	DIRECTOR	1.00	Director	$0	$0	$0
MATT KARASTAMATIS	DIRECTOR	1.00	Director	$0	$0	$0
TERRI KINSEY	DIRECTOR	1.00	Director	$0	$0	$0
JIM LARKIN	DIRECTOR	1.00	Director	$0	$0	$0
JOE MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
DEAN PICCIRILLO	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA SHANNON	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
KELLY TALAMO-DRUMM	DIRECTOR	1.00	Director	$0	$0	$0
KELLY THAWLEY	DIRECTOR	1.00	Director	$0	$0	$0
KAREN TURCOTTE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW WILLIAMS	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	$56,822	$41,056	$153,783	$15,766
2024	No data	No data	No data	No data
2024	$62,237	$375,735	$136,589	$-313,498
2023	$29,262	$17,752	$432,386	$11,510
2022	$-6,542	$18,064	$463,215	$-24,606
2021	$7,901	$10,874	$502,725	$-2,973
2020	$34,912	$34,871	$518,079	$41
2019	$37,713	$37,727	$509,236	$-14
2018	$59,203	$30,333	$537,983	$28,870

GREATER FORT MYERS CHAMBER OF COMMERCE FOUNDATION INC