MIAMI CHAMBER OF COMMERCE (EIN 730353080) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

CINDY MORRIS

Phone

9185424481

Tax Period

2024-01-01 to 2024-12-31

MIAMI CHAMBER OF COMMERCE, founded in 1980, is a small nonprofit that reported $181K in total revenue in fiscal year 2024.

Mission

TO TAKE A LEADERSHIP ROLE ON BEHALF OF THE ORGANIZATION'S MEMBERS AND THE BUSINESS COMMUNITY ON MATTERS OF ECONOMIC, EDUCATIONAL, SOCIAL, CULTURAL AND GOVERNMENT CONCERNS. TO DEVELOP, IMPLEMENT AND REVIEW SELECTIVE PROGRAMS OF ACTION WHICH IDENTIFY ISSUES, PROVIDE SUPPORT AND FOSTER COMMUNITY PRIDE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $108,362

Program Service Revenue $40,085

Investment Income $780

Other Revenue $32,029

TOTAL REVENUE $181,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,774

Fundraising Expenses $0

Program Expenses $170,900

Other Expenses $36,260

TOTAL EXPENSES $189,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$181,256	$167,864	+0.1%
Expenses	$189,042	$181,241	+0.0%
Net Income	$-7,786	$-13,377	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
LYNN FORKUM	CHAIRMAN	N/A	Officer Director	$0	$0	$0
DEBBIE FRY	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
STARLA MARTIN	TREASURER	N/A	Officer Director	$0	$0	$0
JEFFERY BROWN	MEMBER	N/A	Director	$0	$0	$0
ROBERT BURKYBILE	MEMBER	N/A	Director	$0	$0	$0
RUSTY DOUTHITT	MEMBER	N/A	Director	$0	$0	$0
SHANNON DUHON	MEMBER	N/A	Director	$0	$0	$0
TOBY FRY	MEMBER	N/A	Director	$0	$0	$0
DR KYLE STAFFORD	MEMBER	N/A	Director	$0	$0	$0
KAYLA WYRICK	MEMBER	N/A	Director	$0	$0	$0
JOSH WHEELER	MEMBER	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	$181,256	$189,042	$139,306	$-7,786
2023	$167,864	$181,241	$152,893	$-13,377
2022	$155,534	$161,813	$164,881	$-6,279
2021	$118,958	$129,611	$172,260	$-10,653
2020	$116,848	$87,466	$138,093	$29,382
2019	$124,868	$142,857	$95,049	$-17,989
2018	$132,436	$171,231	$76,779	$-38,795

MIAMI CHAMBER OF COMMERCE