KATY AREA 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

1962

Legal Domicile

Principal Officer

MATTHEW FERRARO

Phone

8324378178

Tax Period

2023-01-01 to 2023-12-31

KATY AREA CHAMBER OF COMMERCE, founded in 1962, is a small nonprofit that reported $757K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

ALL ACTIVITIES RELATE TO THE ACCUMULATION AND DISSEMINATION OF BUSINESS INFORMATION AND PROMOTION OF TRADE AND COMMERCE IN THE GREATER KATY AREA. THE CHAMBER IS A VOLUNTARY ORGANIZATION DEDICATED TO THE GENERAL WELFARE AND PROSPERITY OF KATY.

Program Service Accomplishments

Program 1

Expenses: $739,910 Revenue: $757,308

KATY AREA CHAMBER'S PROGRAMS FOCUS ON GENERAL BUSINESS, HEALTHCARE, GOVERNMENT RELATIONS, EDUCATION, AND INFRASTRUCTURE. THE CHAMBER IS PROUD TO OFFER A PROGRAM OF WORK THAT HELPS TO IDENTIFY AND...

KATY AREA CHAMBER'S PROGRAMS FOCUS ON GENERAL BUSINESS, HEALTHCARE, GOVERNMENT RELATIONS, EDUCATION, AND INFRASTRUCTURE. THE CHAMBER IS PROUD TO OFFER A PROGRAM OF WORK THAT HELPS TO IDENTIFY AND EDUCATE ITS MEMBERS ON INDUSTRY BEST PRACTICES. THE CHAMBER CREATED NEW COLLABORATION OPPORTUNITIES WITH OTHER AREA ASSOCIATION GROUPS FOR AN ECONOMIC UPDATE GIVEN BY STATE AND LOCAL LEADERS. THE CHAMBER ALSO GENERATED POSITIVE GRASSROOTS ADVOCACY INITIATIVE WHICH SUCCESSFULLY PASSED 80% OF ITS INITIATIVES. THE CHAMBER INCREASED THEIR MEMBERSHIP AS WELL AS RETAINED THEIR MEMBERS, ALSO CREATED A STRONGER SUPPORT BASE FOR THE CHAMBER.

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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 $757,308

Investment Income $0

Other Revenue $0

TOTAL REVENUE $757,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $279,192

Fundraising Expenses $0

Program Expenses $739,910

Other Expenses $467,460

TOTAL EXPENSES $746,652

Year-over-Year Comparison

	2023	2022	Change
Revenue	$757,308	$628,013	+0.2%
Expenses	$746,652	$636,549	+0.2%
Net Income	$10,656	$-8,536	-2.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCUS DILLON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DENISE EINKAUF	PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
PORTIA WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
JR RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
JACINTA ANYAOKU	DIRECTOR	1.00	Director	$0	$0	$0
KATLYNN BALSON	DIRECTOR	1.00	Director	$0	$0	$0
MARY BETH CAMERON	SECRETARY	1.00	Officer Director	$0	$0	$0
JASON HODGE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BILL LACY	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE LEBOEUF	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY RICHMAN	DIRECTOR	1.00	Director	$0	$0	$0
MADISON BANKS	DIRECTOR	1.00	Director	$0	$0	$0
FRAN DAHL	DIRECTOR	1.00	Director	$0	$0	$0
NOELL MYSKA	DIRECTOR	1.00	Director	$0	$0	$0
MATT SCHOMBURG	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW FERRARO	EXECUTIVE DIRECTOR	50.00	Highest	$111,055	$0	$111,055

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	$757,308	$746,652	$177,780	$10,656
2022	$628,013	$636,549	$166,604	$-8,536
2021	$621,207	$581,241	$172,736	$39,966
2020	$405,918	$421,318	$132,770	$-15,400
2019	$443,290	$319,407	$190,640	$123,883
2018	$297,626	$248,266	$75,901	$49,360