RIO GRANDE VALLEY CHAMBER OF COMMERCE INC (EIN 741012454) - 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

1944

Legal Domicile

Principal Officer

DANIEL SILVA

Phone

9569683141

Tax Period

2023-01-01 to 2023-12-31

RIO GRANDE VALLEY CHAMBER OF COMMERCE INC, founded in 1944, is a small nonprofit that reported $853K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROMOTE TOURISM AND ECONOMIC DEVELOPMENT OF RGV.

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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 $22,400

Program Service Revenue $798,497

Investment Income $4,380

Other Revenue $27,611

TOTAL REVENUE $852,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,791

Fundraising Expenses $0

Program Expenses $749,192

Other Expenses $757,720

TOTAL EXPENSES $1,105,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$852,888	$682,189	+0.3%
Expenses	$1,105,511	$619,979	+0.8%
Net Income	$-252,623	$62,210	-5.1%

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

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

$160,636

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK MCDONNELL	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BRENT BALDREE	TREASURER	1.00	Officer Director	$0	$0	$0
DEBORAH CORDOVA	SECRETARY	1.00	Officer Director	$0	$0	$0
NAOMI PERALES	INCOMING CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
ARLENE GARZA	IMMEDIATE PAST CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
ANABELL CARDONA	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
BILLY CANALES	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
JD SALINAS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
LARRY GONZALEZ	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
LEE REED	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
AMANDA SALDANA	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CARTER BIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL GARCES	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL LUCIO	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID IRIZARRY	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCISCO DAVILA	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSE MUNOZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JUAN M LOYA	BOARD MEMBER	1.00	Director	$0	$0	$0
KENT SHEPARD	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN CAMPBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KRYS WEYAND	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA DE LA PAZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIE GARCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT WOLTHOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL WILLIAMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RAUL GARCIA JR	BOARD MEMBER	1.00	Director	$0	$0	$0
RALPH COWEN	BOARD MEMBER	1.00	Director	$0	$0	$0
RENE ALCALA	BOARD MEMBER	1.00	Director	$0	$0	$0
RENE CAPISTRAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RUBEN BOSQUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
SAUL GARCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH SAGREDO-HAMMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
RON GARZA	BOARD MEMBER	1.00	Director	$0	$0	$0
RODRIGO GOMEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS DAVIDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LUKE LUCIO	BOARD MEMBER	1.00	Director	$0	$0	$0
SERGIO CONTRERAS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERTO HADDAD	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL SILVA	CEO	20.00	Officer	$152,800	$7,836	$160,636

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	No data	No data	No data	No data
2023	$852,888	$1,105,511	$474,402	$-252,623
2022	$682,189	$619,979	$747,637	$62,210
2021	$678,489	$585,053	$612,158	$93,436
2020	$449,119	$584,815	$526,355	$-135,696
2019	$846,668	$783,146	$665,426	$63,522
2018	$517,581	$539,739	$620,083	$-22,158
2017	$584,221	$568,491	$650,752	$15,730

RIO GRANDE VALLEY CHAMBER OF COMMERCE INC