FRANKLIN CHAMBER OF COMMERCE

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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

1991

Legal Domicile

Principal Officer

JUSTEN SALCIDO

Phone

9798283276

Tax Period

2023-01-01 to 2023-12-31

FRANKLIN CHAMBER OF COMMERCE, founded in 1991, is a small nonprofit that reported $106K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Net assets of $550K represent 62 months of operating reserves.

Mission

ADVOCATE, VOICE AND RESOURCE FOR BUSINESSES IN THE FRANKLIN, TEXAS AREA.

Program Service Accomplishments

Program 1

ANNUAL PUBLICATION OF THE FRANKLIN GUIDEBOOK, WHICH INCLUDES A "YELLOW PAGE" LISTING AND ADS FOR BUSINESS MEMBERS. APPROXIMATELY 2,000 ARE DISTRIBUTED EACH YEAR. THE GUIDEBOOK PROMOTES THE AREA...

ANNUAL PUBLICATION OF THE FRANKLIN GUIDEBOOK, WHICH INCLUDES A "YELLOW PAGE" LISTING AND ADS FOR BUSINESS MEMBERS. APPROXIMATELY 2,000 ARE DISTRIBUTED EACH YEAR. THE GUIDEBOOK PROMOTES THE AREA SERVED BY THE CHAMBER AS WELL AS THE SERVICES PROVIDED BY CHAMBER BUSINESS MEMBERS.

Program 2

ANNUAL MEETING FOR CHAMBER MEMBERS TO SHARE THE ACCOMPLISHMENTS OF THE PRIOR YEAR AND THE GOALSFOR THE UPCOMING YEAR. THE CHAMBER HAS APPROXIMATELY 220 MEMBERS.

Program 3

MEMBERSHIP DRIVE FOR THE CHAMBER ALLOWS FOR MORE MEMBERS WHICH CREATES A BETTER OPPORTUNITY FOR ALL MEMBERS AND THE COMMUNITY.

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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 $0

Program Service Revenue $2,960

Investment Income $23,770

Other Revenue $79,030

TOTAL REVENUE $105,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,618

Fundraising Expenses $0

Other Expenses $94,590

TOTAL EXPENSES $116,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,760	$116,898	-0.1%
Expenses	$116,208	$94,428	+0.2%
Net Income	$-10,448	$22,470	-1.5%

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
AMBER HOWELL	DIRECTOR	0.50	Director	$0	$0	$0
CARLA THREADGILL	DIRECTOR	0.50	Director	$0	$0	$0
KAREN KLORES	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTIAN RAWSON	DIRECTOR	0.50	Director	$0	$0	$0
ALLYSA GONZALES	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA SANDFIELD	DIRECTOR	0.50	Director	$0	$0	$0
JUSTEN SALCIDO	PRESIDENT	0.50	Officer	$0	$0	$0
JAMIE STOWE	SECRETARY	0.50	Officer	$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	No data	No data	No data	No data
2023	$105,760	$116,208	$553,237	$-10,448
2022	$116,898	$94,428	$562,142	$22,470
2021	$118,567	$81,363	$559,867	$37,204
2020	$76,964	$77,780	$522,662	$-816
2019	$105,687	$152,524	$521,960	$-46,837
2018	$99,684	$95,951	$568,797	$3,733