LA VERNIA CHAMBER OF COMMERCE

EIN: 741381802

LA VERNIA, TX

Total Revenue
$1,153,386
Total Expenses
$1,162,879
Total Assets
$266,237
Net Assets
$187,792
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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
1950
Legal Domicile
TX
Phone
8305349241
Tax Period
2024-01-01 to 2024-12-31

LA VERNIA CHAMBER OF COMMERCE, founded in 1950, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

PUBLIC SUPPORT/STUDENT PROGRAMS

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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 $9,033
Program Service Revenue $1,121,440
Investment Income $700
Other Revenue $22,213
TOTAL REVENUE $1,153,386

Expense Breakdown

Grants Paid $3,500
Salaries & Benefits $0
Fundraising Expenses $8,343
Program Expenses $1,093,405
Other Expenses $1,159,379
TOTAL EXPENSES $1,162,879

Year-over-Year Comparison

2024 2023 Change
Revenue $1,153,386 $1,033,988 +0.1%
Expenses $1,162,879 $1,045,438 +0.1%
Net Income $-9,493 $-11,450 -0.2%
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
4
Independent Members
4
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY SKRYZCKI PRESIDENT 0.00
Officer
$0 $0 $0
KEITH WILDENSTEIN VICE PRESIDENT 0.00
Officer
$0 $0 $0
CHRYSTAL COBLE SECRETARY 0.00
Officer
$0 $0 $0
CHARITY SCHROEDER TREASURER 0.00
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 $1,153,386 $1,162,879 $266,237 $-9,493
2023 $1,033,988 $1,045,438 $283,457 $-11,450
2022 $54,527 $37,730 $325,852 $16,797
2021 $34,986 $27,590 $313,697 $7,396
2020 $38,689 $58,396 $313,705 $-19,707
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