GRIMES COUNTY CHAMBER OF COMMERCE (EIN 740802875) - 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

1950

Legal Domicile

Principal Officer

LUCY L YBARRA

Phone

9368256600

Tax Period

2023-11-01 to 2024-10-31

GRIMES COUNTY CHAMBER OF COMMERCE, founded in 1950, is a small nonprofit that reported $160K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

PROMOTE TOURISM & ECONOMICS

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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 (2023)

Revenue Breakdown

Contributions & Grants $126,357

Program Service Revenue $12,498

Investment Income $464

Other Revenue $20,571

TOTAL REVENUE $159,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,015

Fundraising Expenses $0

Other Expenses $54,476

TOTAL EXPENSES $155,491

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,890	$130,122	+0.2%
Expenses	$155,491	$179,581	-0.1%
Net Income	$4,399	$-49,459	-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
MERIBETH SHIMSHACK	PRESIDENT	8.00	Director	$0	$0	$0
MAC VAUGHN	DIRECTOR	8.00	Director	$0	$0	$0
ETHAN BARCAK	DIRECTOR	8.00	Director	$0	$0	$0
MAGDELENA RICO	DIRECTOR	8.00	Director	$0	$0	$0
CHARLIE ABRAHAM	DIRECTOR	8.00	Director	$0	$0	$0
PATTY WHITNEY	TREASURER	8.00	Officer Director	$0	$0	$0
PATRICK MCMAHON	SECOND VICE-PRESIDENT	8.00	Officer Director	$0	$0	$0
KATHY BALDOBINO	VICE-PRESIDENT	8.00	Officer Director	$0	$0	$0
JANICE SCHEVE	DIRECTOR	8.00	Director	$0	$0	$0
MARK MCGINTY	DIRECTOR	8.00	Director	$0	$0	$0
MARILYN BETTES	SECRETARY	8.00	Officer Director	$0	$0	$0
LAUREN STUART	DIRECTOR	8.00	Director	$0	$0	$0
N/A	COUNTY JUDGE	2.00		$0	$0	$0
N/A	NAVASOTA REPRESENTATIVE	8.00		$0	$0	$0
N/A	ANDERSON REPRESENTATIVE	2.00		$0	$0	$0
N/A	IOLA REPRESENTATIVE	2.00		$0	$0	$0
N/A	BEDIAS REPRESENTATIVE	2.00		$0	$0	$0
N/A	PLANTERSVILLE REPRESENTATI	2.00		$0	$0	$0
N/A	AMBASSADOR REPRESENTATI	2.00		$0	$0	$0
N/A	TODD MISSION REPRESENTATIV	2.00		$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	$159,890	$155,491	$53,367	$4,399
2023	$130,122	$179,581	$98,293	$-49,459
2022	$125,958	$130,278	$119,065	$-4,320
2021	$120,822	$134,505	$108,589	$-13,683
2020	$113,622	$113,325	$99,556	$297
2019	$126,649	$128,976	$90,857	$-2,327
2018	$113,236	$107,291	$91,231	$5,945

GRIMES COUNTY CHAMBER OF COMMERCE