BAY CITY CHAMBER OF COMMERCE (EIN 740502774) - 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

Principal Officer

MITCH THAMES

Tax Period

2024-01-01 to 2024-12-31

BAY CITY CHAMBER OF COMMERCE is a small nonprofit that reported $294K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $337K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROMOTE AND ADVANCE THE INTERESTS OF THE BAY CITY, TEXAS BUSINESS AND AGRICULTURAL COMMUNITITIES AND TO SUPPORT AND ENCOURAGE CULTURAL AND CIVIC ACTIVITIES THAT IMPROVE OR EXPAND THE QUALITY OF LIFE IN BAY CITY, TEXAS.

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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 $76,000

Program Service Revenue $179,300

Investment Income $14,864

Other Revenue $23,973

TOTAL REVENUE $294,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $247,000

Fundraising Expenses $19,918

Program Expenses $181,880

Other Expenses $89,558

TOTAL EXPENSES $336,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$294,137	$314,260	-0.1%
Expenses	$336,558	$296,892	+0.1%
Net Income	$-42,421	$17,368	-3.4%

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

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

$103,440

Total Directors

$103,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCH THAMES	PRESIDENT	40.00	Officer Director	$103,440	$0	$103,440
JASON CHILDERS	DIRECTOR	N/A	Director	$0	$0	$0
SAVANNAH CORNELIUS	TREASURER	N/A	Officer Director	$0	$0	$0
DANYEL CROW	DIRECTOR	N/A	Director	$0	$0	$0
MIKE FERDINAND	DIRECTOR	N/A	Director	$0	$0	$0
CHRYSTAL FOLSE	DIRECTOR	N/A	Director	$0	$0	$0
ERIC GARDNER	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW GULLET	IMMEDIATE PA	N/A	Officer Director	$0	$0	$0
BRENDA HARRIS	DIRECTOR	N/A	Director	$0	$0	$0
BRUCE KRAUSKOPF	DIRECTOR	N/A	Director	$0	$0	$0
TED LIEB	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL MIDDLETON	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT NELSON	DIRECTOR	N/A	Director	$0	$0	$0
WARREN ROBICHEAUX	CHAIRMAN ELE	N/A	Officer Director	$0	$0	$0
CHRISTELLA RODRIGUEZ	DIRECTOR	N/A	Director	$0	$0	$0
JESSICA RUSSELL	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT SAVAGE	DIRECTOR	N/A	Director	$0	$0	$0
BOBBY SEIFERMAN	DIRECTOR	N/A	Director	$0	$0	$0
SHAUN SHORT	DIRECTOR	N/A	Director	$0	$0	$0
VEE STRAUSS	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTIANA WARMKE	DIRECTOR	N/A	Director	$0	$0	$0
JILL WESTMORELAND	DIRECTOR	N/A	Director	$0	$0	$0
JOHN WOOLSEY	DIRECTOR	N/A	Director	$0	$0	$0
KELLY WYATT	DIRECTOR	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	$294,137	$336,558	$307,643	$-42,421
2023	$314,260	$296,892	$340,635	$17,368
2022	$290,406	$305,903	$306,888	$-15,497
2021	$220,871	$239,819	$324,331	$-18,948
2020	$184,215	$231,753	$272,989	$-47,538
2019	$240,051	$256,892	$332,945	$-16,841
2018	$194,652	$239,235	$331,926	$-44,583

BAY CITY CHAMBER OF COMMERCE