LUBBOCK CHAMBER OF COMMERCE

EIN: 750403180

LUBBOCK, TX

Total Revenue
$1,970,360
Total Expenses
$1,983,241
Total Assets
$4,210,052
Net Assets
$1,266,109
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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
1921
Legal Domicile
TX
Phone
8067617000
Tax Period
2024-01-01 to 2024-12-31

LUBBOCK CHAMBER OF COMMERCE, founded in 1921, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024.

Mission

THE LUBBOCK CHAMBER OF COMMERCE PROVIDES PROMOTION OF BUSINESS AND COMMUNITY GROWTH AND DEVELOPMENT AS WELL AS PRESERVING THE COMPETITIVE BUSINESS ENTERPRISE SYSTEM IN THE LUBBOCK AND SURROUNDING AREA.

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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 $1,123,069
Program Service Revenue $822,035
Investment Income $25,256
Other Revenue $0
TOTAL REVENUE $1,970,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,108,467
Fundraising Expenses $0
Program Expenses $440,456
Other Expenses $874,774
TOTAL EXPENSES $1,983,241

Year-over-Year Comparison

2024 2023 Change
Revenue $1,970,360 $1,972,411 0.0%
Expenses $1,983,241 $1,796,778 +0.1%
Net Income $-12,881 $175,633 -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
36
Independent Members
33
Employees
16
Volunteers
300

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
10
$0
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KODY BESSENT Director 2.00
Director
$0 $0 $0
MARIDEL ACOSTA-CRUZ Director 2.00
Director
$0 $0 $0
TONY GARCIA Director 2.00
Director
$0 $0 $0
MELINDA PHARIES Director 2.00
Director
$0 $0 $0
AJ BUNN Director 0.00
Director
$0 $0 $0
CHRIS BERRY Director 2.00
Director
$0 $0 $0
CHRIS HUTSON Director 0.00
Director
$0 $0 $0
MARK FUNDERBURK Director 2.00
Director
$0 $0 $0
ELIZABETH HILL Director 2.00
Director
$0 $0 $0
CHRIS MANDRELL Director 2.00
Director
$0 $0 $0
HEATHER KEISTER Director 0.00
Director
$0 $0 $0
AMANDA MCAFEE Director 0.00
Director
$0 $0 $0
DR FELICIA POWELL Director 2.00
Director
$0 $0 $0
MACY SATTERWHITE Director 2.00
Director
$0 $0 $0
COLE WATTS Director 2.00
Director
$0 $0 $0
PAULENE SALAMON Director 2.00
Director
$0 $0 $0
MURVAT MUSA Director 0.00
Director
$0 $0 $0
KELLY TUCKER Director 2.00
Director
$0 $0 $0
NICK ATWOOD Director 2.00
Director
$0 $0 $0
MICHELLE MCCORD Director 2.00
Director
$0 $0 $0
VICTORIA WHITEHEAD Director 2.00
Director
$0 $0 $0
KATHY ROLLO Director 2.00
Director
$0 $0 $0
LACY VARDEMAN Director 2.00
Director
$0 $0 $0
KATHY TIMMS Director 2.00
Director
$0 $0 $0
CHRIS SNEED Director 0.00
Director
$0 $0 $0
TROY TUCKER Director 0.00
Director
$0 $0 $0
GREG AMMONS Director 2.00
Officer
$0 $0 $0
STEVE BECK Past Chairman 2.00
Officer
$0 $0 $0
TRAVIS BARNETT Vice Chairman 2.00
Officer
$0 $0 $0
ROBERT WOOD Chair Elect 2.00
Officer
$0 $0 $0
CHRIS CHAMBERS Treasurer 2.00
Officer
$0 $0 $0
KAY MCDOWELL Secretary 40.00
Officer
$0 $0 $0
EDDIE SCHULZ Vice Chairman 2.00
Officer
$0 $0 $0
BECKY PALMER VICE CHAIRMAN 2.00
Officer
$0 $0 $0
DANA MADISON VICE CHAIRMAN 2.00
Officer
$0 $0 $0
BETH LAWSON Chairman 2.00
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 $1,970,360 $1,983,241 $4,210,052 $-12,881
2023 $1,972,411 $1,796,778 $1,772,745 $175,633
2022 $1,892,350 $1,744,838 $1,521,683 $147,512
2021 $1,953,150 $1,675,146 $1,139,763 $278,004
2020 $1,643,112 $1,514,189 $897,468 $128,923
2019 $1,759,462 $1,825,001 $667,000 $-65,539
2018 $1,821,784 $1,828,297 $705,697 $-6,513
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