Houma-Terrebonne Chamber of Commerce

EIN: 720404154

Houma, LA

Total Revenue
$380,482
Total Expenses
$347,724
Total Assets
$487,890
Net Assets
$487,890
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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
1918
Legal Domicile
LA
Principal Officer
Michael Garcia MD
Phone
9858765600
Tax Period
2025-01-01 to 2025-12-31

Houma-Terrebonne Chamber of Commerce, founded in 1918, is a small nonprofit that reported $380K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $348K left a modest 9% surplus.

Mission

Business League

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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 (2025)

Revenue Breakdown

Contributions & Grants $289,538
Program Service Revenue $44,036
Investment Income $11,275
Other Revenue $35,633
TOTAL REVENUE $380,482

Expense Breakdown

Grants Paid $0
Salaries & Benefits $182,011
Fundraising Expenses $62,831
Program Expenses $23,994
Other Expenses $165,713
TOTAL EXPENSES $347,724

Year-over-Year Comparison

2025 2024 Change
Revenue $380,482 $340,979 +0.1%
Expenses $347,724 $342,536 +0.0%
Net Income $32,758 $-1,557 -22.0%
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
22
Independent Members
22
Employees
3
Volunteers
30

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
$71,608
Total Directors
22
$0
Key Employees
1
$71,608
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark King Board Member 2.00
Director
$0 $0 $0
Jennifer Michel Board Member 2.00
Director
$0 $0 $0
Carleton Casey Jr Board Member 2.00
Director
$0 $0 $0
Brooke Carrer Board Member 2.00
Director
$0 $0 $0
Jay Clune Board Member 2.00
Director
$0 $0 $0
Jimmy Klingman Board Member 2.00
Director
$0 $0 $0
Adine Hebert Board Member 2.00
Director
$0 $0 $0
Teresita McNabb Board Member 2.00
Director
$0 $0 $0
Tonya Harris Chairman 5.00
Officer Director
$0 $0 $0
Judith Lewis Board Member 2.00
Director
$0 $0 $0
Wendy Rotolo Board Member 2.00
Director
$0 $0 $0
Shane Golmon Chair Elect 5.00
Officer Director
$0 $0 $0
Kristine Strickland Past Chair 5.00
Officer Director
$0 $0 $0
Christian Lapeyre Board Member 2.00
Director
$0 $0 $0
Nicol Montiville President & CEO 45.00
Officer Key Emp
$71,608 $0 $71,608
Scott Hebert Board Member 2.00
Director
$0 $0 $0
Lt Col Stephen Bergeron Treasurer 5.00
Officer Director
$0 $0 $0
Allison Duke Board Member 2.00
Director
$0 $0 $0
Andrea Dupre Board Member 2.00
Director
$0 $0 $0
Matthew Ortego Board Member 2.00
Director
$0 $0 $0
Brandy Pitre Board Member 2.00
Director
$0 $0 $0
Michael Trahan Board Member 2.00
Director
$0 $0 $0
Danielle Vauclin Boade Member 2.00
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 $380,482 $347,724 $487,890 $32,758
2024 $340,979 $342,536 $458,935 $-1,557
2023 $348,351 $344,924 $460,546 $3,427
2022 $367,544 $361,615 $459,483 $5,929
2021 $294,299 $292,098 $452,663 $2,201
2020 $252,220 $303,795 $449,758 $-51,575
2019 $293,520 $295,012 $501,142 $-1,492
2018 $339,276 $338,600 $498,398 $676
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