GALVESTON, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GALVESTON REGIONAL CHAMBER OF COMMERCE, founded in 1965, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $923K left a modest 14% surplus.
TO PROMOTE AND ADVOCATE FOR BUSINESS
IMPROVE THE BUSINESS CLIMATE, INCREASE BUSINESS ACTIVITY, AND ADDRESS COMMUNITY DEVELOPMENT ISSUES IN GALVESTON, TEXAS. PROVIDE AVENUES FOR BUSINESS COMMUNICATION AND NETWORKING OPPORTUNITIES IN...
IMPROVE THE BUSINESS CLIMATE, INCREASE BUSINESS ACTIVITY, AND ADDRESS COMMUNITY DEVELOPMENT ISSUES IN GALVESTON, TEXAS. PROVIDE AVENUES FOR BUSINESS COMMUNICATION AND NETWORKING OPPORTUNITIES IN GALVESTON, TEXAS. SUPPORT THE GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP, A 501(C)(6) ORGANIZATION WHICH UTILIZES BROAD BASED COMMUNITY SUPPORT TO EXPAND AND DIVERSIFY GALVESTON'S EMPLOYMENT AND TAX BASES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,077,985 | $1,199,163 | -0.1% |
| Expenses | $922,564 | $940,667 | 0.0% |
| Net Income | $155,421 | $258,496 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| FRED RASCHKE | AT LARGE | 1.00 |
Officer
|
$0 | $0 | $0 |
| CBBIXRATHBURN | AT LARGE | 1.00 |
Officer
|
$0 | $0 | $0 |
| THERESA ELLIOT | AT LARGE | 1.00 |
Officer
|
$0 | $0 | $0 |
| VIC PIERSON | AT LARGE | 1.00 |
Officer
|
$0 | $0 | $0 |
| MAUREEN PATTON | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| GINA SPANGOLA | PRESIDENT AND CEO | 40.00 |
Officer
|
$195,120 | $5,009 | $200,129 |
| HOWIE BENTLEY | AT LARGE | 1.00 |
Officer
|
$0 | $0 | $0 |
| TERRILYN TARLTON-SHANNON | AT LARGE | 1.00 |
Officer
|
$0 | $0 | $0 |
| JAY CARNES | PAST CHAIR | 1.00 |
Officer
|
$0 | $0 | $0 |
| STEVE CONNER | CHAIR | 1.00 |
Officer
|
$0 | $0 | $0 |
| KEITH BASSETT | CHAIR ELECT | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,077,985 | $922,564 | $1,098,807 | $155,421 |
| 2022 | $1,199,163 | $940,667 | $898,479 | $258,496 |
| 2021 | $1,100,595 | $873,050 | $688,188 | $227,545 |
| 2020 | $860,478 | $770,933 | $294,617 | $89,545 |
| 2019 | $828,209 | $744,559 | $306,949 | $83,650 |
| 2018 | $760,827 | $714,528 | $213,162 | $46,299 |
Compare GALVESTON REGIONAL CHAMBER OF COMMERCE with other nonprofits in Texas and across the country.