Mineral Wells Area Chamber of Comm… - 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

1925

Legal Domicile

Principal Officer

BRIDGETT WORLEY

Phone

9403252557

Tax Period

2024-10-01 to 2025-09-30

Mineral Wells Area Chamber of Commerce, founded in 1925, is a small nonprofit that reported $718K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $809K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROMOTE ECONOMIC GROWTH, TOURISM AND LEADERSHIP DEVELOPMENT IN THE CITY OF MINERAL WELLS, TEXAS, AND SURROUNDING AREAS

Program Service Accomplishments

Program 1

THE CHAMBER COORDINATES ADVERTISING AND EVENTS TO ATTRACT VISITORS AND NEW BUSINESSES TO MINERAL WELLS, TEXAS. IN ADDITION, THE CHAMBER PROVIDES RESOURCES TO SUPPORT AND TRAIN LOCAL BUSINESS OWNERS.

Program 2

GRANTS TO LOCAL ORGANIZATIONS ATTRACTING TOURISM AND NEW BUSINESSES TO THE MINERAL WELLS, TEXAS 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $361,426

Program Service Revenue $304,411

Investment Income $50,815

Other Revenue $1,368

TOTAL REVENUE $718,020

Expense Breakdown

Grants Paid $59,704

Salaries & Benefits $342,965

Fundraising Expenses $0

Other Expenses $406,758

TOTAL EXPENSES $809,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$718,020	$785,982	-0.1%
Expenses	$809,427	$723,711	+0.1%
Net Income	$-91,407	$62,271	-2.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELODY SINGLETON	Director	1.00	Director	$0	$0	$0
TROY HUSEMAN	Treasurer	2.00	Director	$0	$0	$0
COLE VAUGHAN	Director	0.50	Director	$0	$0	$0
BRIDGETT WORLEY	Chairman	1.00	Director	$0	$0	$0
JAKE GROGAN	Director	0.50	Director	$0	$0	$0
SHEILA CHARLES	Director	0.50	Director	$0	$0	$0
ANGIE MYRICK	Secretary	1.00	Director	$0	$0	$0
BRIDGET SHELTON	Director	0.50	Director	$0	$0	$0
CHRISTINA PHENIX	Director	0.50	Director	$0	$0	$0
HAYDEN BROWN	Director	1.00	Director	$0	$0	$0
KRISTE BURNET	Director	0.50	Director	$0	$0	$0
CAROL MONTGOMERY	Director	0.50	Director	$0	$0	$0
TRINA RICHARDS	Director	0.50	Director	$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
2025	$718,020	$809,427	$944,775	$-91,407
2024	$785,982	$723,711	$1,030,346	$62,271
2023	$713,105	$670,055	$982,913	$43,050
2022	$738,002	$524,606	$993,281	$213,396
2021	$489,986	$442,378	$824,253	$47,608
2020	$400,704	$398,189	$749,175	$2,515
2019	$397,774	$505,343	$756,154	$-107,569
2018	$446,236	$453,886	$880,452	$-7,650

Mineral Wells Area Chamber of Commerce