HUMBLE AREA CHAMBER OF COMMERCE IN… - Form 990 Financial Data

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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

1923

Legal Domicile

Principal Officer

KYLE SHELDON

Phone

2814462128

Tax Period

2021-01-01 to 2021-12-31

HUMBLE AREA CHAMBER OF COMMERCE INCORPORATED, founded in 1923, is a small nonprofit in the Community Improvement sector that reported $858K in total revenue in fiscal year 2021. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 17% operating margin.

Mission

To promote the Lake Houston areas business opportunities and to further develop the Lake Houston area business climate

Program Service Accomplishments

Program 1

To promote the Lake Houston area business opportunities and attract new business, strengthen the business environment, serve Chamber members and promote community growth at the Lake Houston area

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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 (2021)

Revenue Breakdown

Contributions & Grants $472,193

Program Service Revenue $0

Investment Income $0

Other Revenue $385,656

TOTAL REVENUE $857,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $584,239

Fundraising Expenses $0

Other Expenses $131,648

TOTAL EXPENSES $715,887

Year-over-Year Comparison

	2021	2020	Change
Revenue	$857,849	$551,268	+0.6%
Expenses	$715,887	$589,906	+0.2%
Net Income	$141,962	$-38,638	-4.7%

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
Kyle Sheldon	President and CEO	40.00	Officer Director	$0	$0	$0
Rhonda Arnold	Director	2.00	Director	$0	$0	$0
Dan Huberty	Director	2.00	Director	$0	$0	$0
Corinn Price	Board Chair	2.00	Director	$0	$0	$0
Dave Martin	Director	2.00	Director	$0	$0	$0
Elizabeth Fagen	Director	2.00	Director	$0	$0	$0
Terry Vaughn	Director	2.00	Director	$0	$0	$0
Bryan Ruth	Director	2.00	Director	$0	$0	$0
Erica Johnson	Director	2.00	Director	$0	$0	$0
Jasan Stuebe	Director	2.00	Director	$0	$0	$0
Austin Bird	Director	2.00	Director	$0	$0	$0
Millie Garrison	Director	2.00	Director	$0	$0	$0
Melissa Gonzales	Director	2.00	Director	$0	$0	$0
Justin Kendrick	Director	2.00	Director	$0	$0	$0
Chris Johnsen	Director	2.00	Director	$0	$0	$0
James Alexander	Director	2.00	Director	$0	$0	$0
Juan Aybar	Director	2.00	Director	$0	$0	$0
Connie Chandler	Director	2.00	Director	$0	$0	$0
John Corbeil	Director	2.00	Director	$0	$0	$0
Dru Gutierrez	Director	2.00	Director	$0	$0	$0
Noah Hunter	Director	2.00	Director	$0	$0	$0
Trey Hill	Director	2.00	Director	$0	$0	$0
Rod Chase	Director	2.00	Director	$0	$0	$0
Adam McAlpine	Director	2.00	Director	$0	$0	$0
Deborah Miller	Director	2.00	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
2021	$857,849	$715,887	$640,465	$141,962
2020	$551,268	$589,906	$505,397	$-38,638
2019	$650,542	$688,371	$365,983	$-37,829
2018	$646,714	$617,585	$465,235	$29,129

HUMBLE AREA CHAMBER OF COMMERCE INCORPORATED