MIDLAND CHAMBER OF COMMERCE

EIN: 750436936

MIDLAND, TX

Total Revenue
$3,120,633
Total Expenses
$2,733,019
Total Assets
$1,656,259
Net Assets
$1,520,780
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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
1931
Legal Domicile
TX
Principal Officer
EVAN THOMAS
Phone
4326833381
Tax Period
2024-10-01 to 2025-09-30

MIDLAND CHAMBER OF COMMERCE, founded in 1931, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 12% surplus.

Mission

THE MIDLAND CHAMBER OF COMMERCE PROVIDES RESOURCES AND SERVICES TO PROMOTE AND FOSTER BUSINESS GROWTH AND SUCCESS FOR ITS MEMBERS AND THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $176,577 Revenue: $892,549

THE CHAMBER OF COMMERCE OPERATES A CONVENTION AND VISITORS BUREAU TO ENCOURAGE ECONOMIC GROWTH BY DEVELOPING, PROMOTING, ENHANCING, AND SUPPORTING MIDLAND AS A VIBRANT VISITOR DESTINATION.

Program 2
Expenses: $387,768 Revenue: $785,078

THE CHAMBER OF COMMERCE OFFERS EVENTS THAT PROVIDE VALUABLE LEARNING, PROMOTIONAL, AND NETWORKING OPPORTUNITIES TO MEMBERS.

Program 3
Expenses: $230,934 Revenue: $230,934

THE MIDLAND CHAMBER OF COMMERCE SPONSORS THE MIDLAND CONVENTION AND VISITORS BUREAU'S SPORTS & ENTERTAINMENT ASSOCIATION OF MIDLAND. THIS PROGRAM WAS ESTABLISHED TO PROMOTE AND ENHANCE SPORTS AND...

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THE MIDLAND CHAMBER OF COMMERCE SPONSORS THE MIDLAND CONVENTION AND VISITORS BUREAU'S SPORTS & ENTERTAINMENT ASSOCIATION OF MIDLAND. THIS PROGRAM WAS ESTABLISHED TO PROMOTE AND ENHANCE SPORTS AND ENTERTAINMENT IN THE MIDLAND AREA BY BRINGING IN AND SUPPORTING QUALITY ATHLETIC AND ENTERTAINMENT EVENTS FOR THE PURPOSE OF ENHANCING ECONOMIC IMPACT IN THE MIDLAND 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 $941,373
Program Service Revenue $2,178,660
Investment Income $0
Other Revenue $600
TOTAL REVENUE $3,120,633

Expense Breakdown

Grants Paid $230,934
Salaries & Benefits $1,463,029
Fundraising Expenses $0
Program Expenses $832,119
Other Expenses $1,039,056
TOTAL EXPENSES $2,733,019

Year-over-Year Comparison

2024 2023 Change
Revenue $3,120,633 $3,036,090 +0.0%
Expenses $2,733,019 $2,878,932 -0.1%
Net Income $387,614 $157,158 +1.5%
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

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Governance

Voting Members
37
Independent Members
36
Employees
34
Volunteers
89

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
9
$213,536
Total Directors
14
$213,536
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM MUNOZ VICE CHAIR-COMMUNITY DEVELOPMENT 1.00
Officer Director
$0 $0 $0
ADRIAN CARRASCO VICE CHAIR - BUSINESS SUPPORT 1.00
Officer Director
$0 $0 $0
BOBBY HULETT DIRECTOR 1.00
Director
$0 $0 $0
CHAD MCALLASTER MEMBER AT-LARGE 1.00
Director
$0 $0 $0
COLE HARRISON VICE CHAIR - ADVOCACY 1.00
Officer Director
$0 $0 $0
DR DARIN WOOD CHAIR-ELECT 2.00
Officer Director
$0 $0 $0
EVAN THOMAS PRESIDENT AND CEO 35.00
Officer Director
$210,122 $3,414 $213,536
KENNY LUNDA TREASURER/ SECRETARY 2.00
Officer Director
$0 $0 $0
LARISSA MINJAREZ MEMBER AT-LARGE 1.00
Director
$0 $0 $0
LAURA ROMAN MEMBER AT-LARGE 1.00
Director
$0 $0 $0
LUCY SISNIEGA-HOYOS VICE CHAIR - CHAMBER DEVELOPMENT 1.00
Officer Director
$0 $0 $0
MELISSA WICKER CHAIR 4.00
Officer Director
$0 $0 $0
SHAUN RAINEY IMMEDIATE PAST CHAIR 3.00
Officer Director
$0 $0 $0
WESLEY BOWNDS DIRECTOR 1.00
Director
$0 $0 $0
ROBERT BURNS FORMER PRESIDENT AND CEO 30.00
$194,215 $23,306 $217,521
REBECCA THOMAS FORMER EXECUTIVE VP ADMINI 35.00
$146,142 $29,110 $175,252
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
2025 $3,120,633 $2,733,019 $1,656,259 $387,614
2024 $3,036,090 $2,878,932 $1,133,166 $157,158
2023 $2,511,521 $2,517,885 $976,008 $-6,364
2022 $2,534,397 $2,285,076 $982,372 $249,321
2021 $2,100,681 $2,081,730 $868,152 $18,951
2020 $2,478,879 $2,475,319 $714,100 $3,560
2019 $2,815,125 $2,799,817 $710,540 $15,308
2018 $2,772,178 $2,757,337 $698,471 $14,841
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