WESLACO CHAMBER OF COMMERCE

EIN: 741046125

WESLACO, TX

Total Revenue
$516,392
Total Expenses
$465,113
Total Assets
$623,101
Net Assets
$617,760
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1935
Legal Domicile
TX
Principal Officer
BARBARA J GARZA
Tax Period
2023-10-01 to 2024-09-30

WESLACO CHAMBER OF COMMERCE, founded in 1935, is a small nonprofit that reported $516K in total revenue in fiscal year 2023. Expenses of $465K left a modest 10% surplus.

Mission

WE PROVIDE LEADERSHIP TO ADVANCE A PROSPEROUS ECONOMY THAT ENHANCES THE QUALITY OF LIFE IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

THE WACC PROVIDES VARIOUS PROGRAMS AND INITIATIVES TO PREPARE FUTURE LEADERS OF OUR COMMUNITY THROUGH VARIOUS EDUCATIONAL PROGRAMS. THESE PROGRAMS SUPPORT OUR BUSINESS ALLIANCES IN THE DEVELOPMENT OF...

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THE WACC PROVIDES VARIOUS PROGRAMS AND INITIATIVES TO PREPARE FUTURE LEADERS OF OUR COMMUNITY THROUGH VARIOUS EDUCATIONAL PROGRAMS. THESE PROGRAMS SUPPORT OUR BUSINESS ALLIANCES IN THE DEVELOPMENT OF SKILLS NECESSARY TO RUN A SUCCESSFUL BUSINESS. WE HOST AN ANNUAL LEADERSHIP MID VALLEY INITIATIVE WHICH CONSISTS OF 8 MONTHS OF CONTINUING EDUCATION IN VARIOUS TOPICS. TO DATE THE LEADERSHIP PROGRAM HAS HELD 18 YEARS OF COHORTS, WITH OVER 190 ALUMNI OF LEADERS SERVING THE COMMUNITY AT LARGE. WE OFFER VARIOUS OPPORTUNITIES FOR THE COMMUNITYS YOUTH TO PREPARE FOR THE FUTURE INCLUDING THE WESLACO ROYAL PAGEANT THAT HAS A 68 YEAR HISTORY IN THE COMMUNITY. THE PAGEANT SUPPORTS PERSONAL GROWTH AND LEADERSHIP DEVELOPMENT OF OUR YOUTH. WE HOST A BACK TO SCHOOL EVENT THAT SERVES OVER 300 MID VALLEY EDUCATORS AND LEMONADE DAY, A NATIONAL PROGRAM FOR YOUNG BUSINESS ENTREPRENEURS.

Program 2

THE WACC HAS NUMEROUS MEMBERSHIP SERVICES FOR BUSINESSES THROUGH A VARIETY OF PROGRAMS AND OPPORTUNITIES. IN 2023-24, WE HELD 47 RIBBON CUTTINGS TO CELEBRATE MEMBERS ACHIEVEMENTS AND ACCOMPLISHMENTS...

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THE WACC HAS NUMEROUS MEMBERSHIP SERVICES FOR BUSINESSES THROUGH A VARIETY OF PROGRAMS AND OPPORTUNITIES. IN 2023-24, WE HELD 47 RIBBON CUTTINGS TO CELEBRATE MEMBERS ACHIEVEMENTS AND ACCOMPLISHMENTS. WE HELD 25 NETWORKING EVENTS, INCLUDING JOB FAIRS AND COMMUNITY EVENTS. WE OFFERED ADVANCE SEO ON OUR WEBSITE AND HAD OVER 470,000 VIEWS. WE HAVE INITIATED STRONGER SUPPORT LOCAL INITIATIVES THROUGH OUR CASH MOBS THAT SUPPORT RETAILERS AND LUNCH MOBS THAT SUPPORT LOCAL RESTAURANTS, ALL WHILE ENHANCING OUR CONNECTIONS WITH PEERS. WEVE HELD WORKSHOPS IN LEADERSHIP, CUSTOMER SERVICE, SBA COLLABORATIVE PROGRAMS,SMALL BUSINESS OPERATIONS AND STRATEGIES, AS WELL AS SEMINARS ON HOTEL TAX LAW. WE ADDED 64 MEW MEMBERS WHILE HAVING AN 94% RETENTION RATE OVERALL. AT THE END OF THE YEAR, WE HAD 373 MEMBERS.

Program 3

THE WACC FOCUSES ON ADVERTISING OUTSIDE OF WESLACO TO PROMOTE WESLACO AS A VISITORS DESTINATION. MARKETING IS DONE IN A VARIETY OF WAYS, INCLUDING ADVERTISING, BILLBOARDS, CITY PROMOTIONS, AND TRADE...

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THE WACC FOCUSES ON ADVERTISING OUTSIDE OF WESLACO TO PROMOTE WESLACO AS A VISITORS DESTINATION. MARKETING IS DONE IN A VARIETY OF WAYS, INCLUDING ADVERTISING, BILLBOARDS, CITY PROMOTIONS, AND TRADE SHOWS. THIS YEAR, THE WESLACO VISITORS CENTER HAD 13,000 VISITORS COME IN FOR INFORMATION , EVENTS, OR SPECIAL PRESENTATIONS. IN THIS FISCAL YEAR, WE HAD OVER 50,000 PARTICIPANTS IN OUR COMMUNITY EVENTS SUCH AS THE ANNUAL CHRISTMAS PARADE, THE TEXAS ONION FESTIVAL, SABOR WESLACO AND A MONTE CARLO LEADERSHIP FUNDRAISER.WE REACH OVER 2,180 OUT OF STATEW VISITORS IN ORDER TO HELP THEM RELOCATE TO WESLACO DURING THE WINTER TEXAS SEASON. WE MARKET TO THE BIRDING COMMUNITY TO ENCOURGAGE THEM TO VISIT AND STAY IN WESLACO AND VISIT OUR 3 NATURE PARKS. OUR BORDER COMMUNITY MARKETING EFFORTS TO PROMOTE WESLACO IN MEXICO REACHES OVER 300,000 IN BROADCAST MEDIA AND DIGITAL MEDIA, AND 500,000 IN PUBLICATIONS. WE HAVE 2 BILLBOARDS THAT APPROXIMATELY 2,000,000 PEOPLE VIEW.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $306,723
Program Service Revenue $276,510
Investment Income $222
Other Revenue $-67,063
TOTAL REVENUE $516,392

Expense Breakdown

Grants Paid $0
Salaries & Benefits $222,743
Fundraising Expenses $0
Other Expenses $242,370
TOTAL EXPENSES $465,113

Year-over-Year Comparison

2023 2022 Change
Revenue $516,392 $497,519 +0.0%
Expenses $465,113 $410,583 +0.1%
Net Income $51,279 $86,936 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
7
Volunteers
300

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
7
$94,251
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA J GARZA PRESIDENT CEO 40.00
Officer
$81,757 $12,494 $94,251
SANDY O PENA DIRECTOR 1.00
Director
$0 $0 $0
MARTY MASSO DIRECTOR 1.00
Director
$0 $0 $0
ROSEMARIE CRIMBRING DIRECTOR 1.00
Director
$0 $0 $0
AMADO SANCHEZ DIRECTOR 1.00
Director
$0 $0 $0
ROXANNA TREVINIO DIRECTOR 1.00
Director
$0 $0 $0
JOSE L GARCIA TREASURER 2.00
Officer Director
$0 $0 $0
ALEJANDRA MONTENEGRO IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
ROBERT DONALSON VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
OMAR RODRIGUEZ CHAIRMAN 2.00
Officer Director
$0 $0 $0
LAURA RANGEL DIRECTOR AT LARGE 2.00
Officer Director
$0 $0 $0
RONDA LEWIS SECRETARY 2.00
Officer 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 $516,392 $465,113 $623,101 $51,279
2023 $497,519 $410,583 $637,421 $86,936
2022 $499,055 $357,635 $605,263 $141,420
2021 $467,845 $279,924 $496,785 $187,921
2020 $352,751 $311,235 $274,099 $41,516
2019 $327,529 $346,915 $110,598 $-19,386
2018 $357,874 $344,972 $128,075 $12,902
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