MIDLAND CHAMBER OF COMMERCE (EIN 750436936) - Form 990 Financial Analysis & Trantor Score

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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

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.

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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 $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

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

$213,536

Total Directors

$213,536

Key Employees

Highest Compensated

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

MIDLAND CHAMBER OF COMMERCE