TEXAS ASSOCIATION OF BUSINESS & CH… - 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

2001

Legal Domicile

Principal Officer

GLENN HAMER

Phone

5124776721

Tax Period

2024-01-01 to 2024-12-31

TEXAS ASSOCIATION OF BUSINESS & CHAMBERS OF COMMERCE FOUNDATION, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 377% from the prior year, signaling strong growth momentum. The organization ran a surplus of $523K, a strong 43% operating margin.

Mission

TO IMPROVE THE EDUCATION ENVIRONMENT, EDUCATE THE PUBLIC ON IMPORTANT BUSINESS ISSUES, AND SUPPORT CHAMBER ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $517,705 Revenue: $70,479

TABCCF INFORMED BUSINESS AND COMMUNITY LEADERS ABOUT THE IMPORTANCE OF ENGAGING IN TEXAS' P20 EDUCATION (P20W) WORKFORCE PIPELINES, PARTICULARLY WITH THE IMPLEMENTATION OF THE NEW COMMUNITY COLLEGE FINANCE BILL (HB 8). THIS WORK ENCOURAGED LOCAL BUSINESS COMMUNITIES TO PARTNER WITH COMMUNITY COLLEGES TO ADDRESS WORKFORCE GAPS AND TO SUPPORT SUCCESS UNDER THE NEW OUTCOMES-BASED FUNDING MODEL.THE FOUNDATION ALSO CONDUCTED PRELIMINARY WORK TO BETTER UNDERSTAND PERCEPTIONS OF WORKFORCE HOUSING SHORTAGES IN TEXAS, INCLUDING IDENTIFYING KEY MESSAGING NEEDS AND GAPS IN PUBLIC UNDERSTANDING.ADDITIONALLY, TABCCF PARTNERED WITH THE SECOND CHANCE HIRING COALITION TO EDUCATE EMPLOYERS ACROSS TEXAS ABOUT HOW SECOND CHANCE HIRING PRACTICES CAN HELP ADDRESS WORKFORCE SHORTAGES AND STRENGTHEN LOCAL COMMUNITIES.ADDITIONALLY, TABCCF INFORMED BUSINESS AND COMMUNITY LEADERS ACROSS TEXAS ABOUT THE CRITICAL IMPORTANCE OF ENGAGING IN TEXAS' P20 EDUCATION (P20W) WORKFORCE PIPELINES, PARTICULARLY WITH THE IMPLEMENTATION OF THE NEW COMMUNITY COLLEGE FINANCE BILL (HB 8). THESE EFFORTS ENCOURAGED LOCAL BUSINESS COMMUNITIES TO PARTNER WITH THEIR COMMUNITY COLLEGES TO ADDRESS WORKFORCE GAPS AND ENSURE COLLEGES ARE POSITIONED TO SUCCEED UNDER THE NEW OUTCOMES-BASED FUNDING MODEL.TABCCF ALSO LAID IMPORTANT GROUNDWORK TO BETTER UNDERSTAND STATEWIDE PERCEPTIONS OF WORKFORCE HOUSING SHORTAGES, INCLUDING IDENTIFYING KEY MESSAGING NEEDS AND GAPS IN PUBLIC UNDERSTANDING.FURTHER, TABCCF COLLABORATED WITH THE SECOND CHANCE HIRING COALITION TO EDUCATE EMPLOYERS ACROSS TEXAS ON HOW SECOND CHANCE HIRING PRACTICES CAN HELP ADDRESS WORKFORCE SHORTAGES WHILE STRENGTHENING LOCAL COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,159,500

Program Service Revenue $70,479

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,229,979

Expense Breakdown

Grants Paid $24,500

Salaries & Benefits $31,513

Fundraising Expenses $0

Program Expenses $517,705

Other Expenses $650,806

TOTAL EXPENSES $706,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,229,979	$257,590	+3.8%
Expenses	$706,819	$468,593	+0.5%
Net Income	$523,160	$-211,003	-3.5%

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

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

$686,505

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELBI CULWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID EMERICK	CHAIRMAN	1.00	Director	$0	$0	$0
LINDA HEAD	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAY POPE	BOARD MEMBER	1.00	Director	$0	$0	$0
MASSEY VILLARREAL	BOARD MEMBER	1.00	Director	$0	$0	$0
RON LUKE	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG HARTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GLENN HAMER	PRESIDENT/CHIEF EXECUTIVE OFFICER	2.00	Officer	$0	$38,576	$365,765
STEPHANIE MATTHEWS	EXECUTIVE V.P. (UNTIL 08/31/24)	2.00	Officer	$0	$13,436	$106,668
MEGAN MAURO	EVP, CHIEF OF STAFF	2.00	Officer	$0	$18,259	$182,559
CHELSIE KRAMER	EXECUTIVE DIRECTOR (AS OF 09/24)	40.00	Officer	$31,513	$0	$31,513

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	$1,229,979	$706,819	$843,434	$523,160
2023	$257,590	$468,593	$374,000	$-211,003
2022	$952,995	$537,858	$660,715	$415,137
2021	$226,914	$247,222	$275,010	$-20,308

TEXAS ASSOCIATION OF BUSINESS & CHAMBERS OF COMMERCE FOUNDATION