FORT BEND 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

1973

Legal Domicile

Principal Officer

KERI SCHMIDT

Phone

2814910800

Tax Period

2023-01-01 to 2023-12-31

FORT BEND CHAMBER OF COMMERCE, founded in 1973, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023.

Mission

THE ADVOCATE FOR BUSINESS EXCELLENCE IN FORT BEND COUNTY.

Program Service Accomplishments

Program 1

THE FORT BEND CHAMBER OF COMMERCE IS THE FOREMOST RESOURCE, PROVIDING RELEVANT, INNOVATIVE, AND IMPACTFUL PROGRAMS, INITIATIVES AND SERVICES THAT ENHANCE THE QUALITY OF LIFE AND BUSINESS CLIMATE FOR...

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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 $807,256

Program Service Revenue $807,847

Investment Income $3,996

Other Revenue $16,513

TOTAL REVENUE $1,635,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $791,781

Fundraising Expenses $0

Other Expenses $845,786

TOTAL EXPENSES $1,637,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,635,612	$1,579,096	+0.0%
Expenses	$1,637,567	$1,540,099	+0.1%
Net Income	$-1,955	$38,997	-1.1%

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

Volunteers

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

$285,783

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
QIARA SUGGS	CHAIR	0.50	Officer Director	$0	$0	$0
KING BANERJEE	IMMEDIATE PAST CHAIR	0.50	Officer Director	$0	$0	$0
JIM RICE	INCOMING CHAIR	0.50	Officer Director	$0	$0	$0
KEITH BORGFELDT	TREASURER	0.50	Officer Director	$0	$0	$0
TARIQ ZAFAR	LEGAL COUNSEL	0.50	Officer Director	$0	$0	$0
ANGELIQUE BARTHOLEMEW	DIRECTOR	0.15	Director	$0	$0	$0
ALLISON BOND	DIRECTOR	0.15	Director	$0	$0	$0
BREAH CAMPBELL	DIRECTOR	0.15	Director	$0	$0	$0
STEPHEN CARTER	DIRECTOR	0.15	Director	$0	$0	$0
RICK CONLEY	DIRECTOR	0.15	Director	$0	$0	$0
AMAN DHUKA	DIRECTOR	0.15	Director	$0	$0	$0
MICHAEL DOBERT	DIRECTOR	0.15	Director	$0	$0	$0
LAURA FISHER	DIRECTOR	0.15	Director	$0	$0	$0
MATT FROEHLICH	DIRECTOR	0.15	Director	$0	$0	$0
LUPE GARCIA	DIRECTOR	0.15	Director	$0	$0	$0
ANDREW GILMORE	DIRECTOR	0.15	Director	$0	$0	$0
JENNIFER GOODALL	DIRECTOR	0.15	Director	$0	$0	$0
JENNIFER HENRIKSON	DIRECTOR	0.15	Director	$0	$0	$0
MELISSA HOFFMAN	DIRECTOR	0.15	Director	$0	$0	$0
PATRICK HOUCK	DIRECTOR	0.15	Director	$0	$0	$0
TOMMY KUYKENDALL	DIRECTOR	0.15	Director	$0	$0	$0
GINNY MOON	DIRECTOR	0.15	Director	$0	$0	$0
BONNIE MOSS	DIRECTOR	0.15	Director	$0	$0	$0
JOOP ORANJE	DIRECTOR	0.15	Director	$0	$0	$0
ELEXA ORRANGE-ALLEN	DIRECTOR	0.15	Director	$0	$0	$0
MIHIR PATEL	DIRECTOR	0.15	Director	$0	$0	$0
KEVIN PATTON	DIRECTOR	0.15	Director	$0	$0	$0
SHANA SCOTT	DIRECTOR	0.15	Director	$0	$0	$0
TOMMY THOMPOSON	DIRECTOR	0.15	Director	$0	$0	$0
CARL WILLIS	DIRECTOR	0.15	Director	$0	$0	$0
ASHLEY CORNNER-PATEL	DIRECTOR	0.15	Director	$0	$0	$0
JAMES GREENE	DIRECTOR	0.15	Director	$0	$0	$0
RACHEL GREENE	DIRECTOR	0.15	Director	$0	$0	$0
GEORGE JABBOUR	DIRECTOR	0.15	Director	$0	$0	$0
IRFAN MOTIWALA	DIRECTOR	0.15	Director	$0	$0	$0
PATRICIA NAGLE	DIRECTOR	0.15	Director	$0	$0	$0
MUKHTAR OWAIS	DIRECTOR	0.15	Director	$0	$0	$0
GUILLERMO SALCEDO	DIRECTOR	0.15	Director	$0	$0	$0
RODNEY WASHINGTON	DIRECTOR	0.15	Director	$0	$0	$0
KERI SCHMIDT	PRESIDENT/CEO	60.00	Officer	$276,177	$9,606	$285,783

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	$1,635,612	$1,637,567	$1,363,600	$-1,955
2022	$1,579,096	$1,540,099	$1,441,516	$38,997
2021	$1,076,887	$1,157,110	$1,448,627	$-80,223
2020	$791,474	$944,962	$1,646,104	$-153,488
2019	$1,193,637	$1,321,146	$1,777,882	$-127,509
2018	$1,334,653	$1,374,628	$1,856,355	$-39,975