FORT BEND CHAMBER OF COMMERCE

EIN: 741751927

SUGAR LAND, TX

Total Revenue
$1,635,612
Total Expenses
$1,637,567
Total Assets
$1,363,600
Net Assets
$1,140,299
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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
TX
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.

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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 (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

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Governance

Voting Members
39
Independent Members
39
Employees
11
Volunteers
90

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
6
$285,783
Total Directors
39
$0
Key Employees
0
$0
Highest Compensated
0
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
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