GROVES CHAMBER OF COMMERCE

EIN: 741138448

GROVES, TX

Total Revenue
$148,429
Total Expenses
$136,584
Total Assets
$97,491
Net Assets
$92,180
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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
1952
Legal Domicile
TX
Principal Officer
LETHA KNAUS
Phone
4099623631
Tax Period
2024-01-01 to 2024-12-31

GROVES CHAMBER OF COMMERCE, founded in 1952, is a small nonprofit that reported $148K in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $137K left a modest 8% surplus.

Mission

TO PROMOTE CIVIC AND ECONOMIC AWARENESS IN THE CITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $30,305
Program Service Revenue $110,000
Investment Income $2,642
Other Revenue $5,482
TOTAL REVENUE $148,429

Expense Breakdown

Grants Paid $0
Salaries & Benefits $55,855
Fundraising Expenses $0
Other Expenses $80,729
TOTAL EXPENSES $136,584

Year-over-Year Comparison

2024 2023 Change
Revenue $148,429 $86,207 +0.7%
Expenses $136,584 $96,483 +0.4%
Net Income $11,845 $-10,276 -2.2%
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

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Governance

Voting Members
17
Independent Members
17
Employees
1
Volunteers
17

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
5
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNY BLANDA DIRECTOR 1.00
Director
$0 $0 $0
JESSICA BORNE DIRECTOR 1.00
Director
$0 $0 $0
PATRICK DAVIS DIRECTOR 1.00
Director
$0 $0 $0
EMILY DEWEESE DIRECTOR 1.00
Director
$0 $0 $0
MITCH DUNCAN DIRECTOR 1.00
Director
$0 $0 $0
CHAD DUPUIS DIRECTOR 1.00
Director
$0 $0 $0
WENDY GAONA DIRECTOR 1.00
Director
$0 $0 $0
MIKE GONZALES DIRECTOR 1.00
Director
$0 $0 $0
JON HAMPTON DIRECTOR 1.00
Director
$0 $0 $0
BERT LAMSON PRESIDENT 1.00
Officer Director
$0 $0 $0
PANSEY LAMSON PAST PRESIDE 1.00
Officer Director
$0 $0 $0
SUE LANE 1ST VICE PRE 1.00
Officer Director
$0 $0 $0
HEATHER LANGE 2ND VICE PRE 1.00
Officer Director
$0 $0 $0
LIBBLE LEJEUNE SECRETARY 1.00
Director
$0 $0 $0
LOYD PATTERSON TREASURER 1.00
Officer Director
$0 $0 $0
MAGGIE WILSON DIRECTOR 1.00
Director
$0 $0 $0
JEREMY YOUNG DIRECTOR 1.00
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
2025 No data No data No data No data
2024 $148,429 $136,584 $97,491 $11,845
2023 $86,207 $96,483 $69,085 $-10,276
2022 $100,349 $92,417 $80,337 $7,932
2021 $97,892 $101,459 $72,468 $-3,567
2020 $127,758 $90,557 $76,096 $37,201
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