MT PLEASANT TITUS COUNTY

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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

Principal Officer

RICHARD BONNEY

Phone

9035728567

Tax Period

2024-01-01 to 2024-12-31

MT PLEASANT TITUS COUNTY is a small nonprofit that reported $790K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $923K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROMOTE ITS BUSINESS AND PROFESSIONAL MEMBERS AND ENHANCE THE QUALITY OF LIFE AND BUSINESS CLIMATE FOR ALL CITIZENS THROUGH ECONOMIC AND COMMUNITY DEVELOPMENT.

Program Service Accomplishments

Program 1

COMMUNITY AWARENESS: THE CHAMBER SPONSORS NUMEROUS SEMINARS, MEETINGS, AND OTHER ACTIVITIES, AS WELL AS A WEB PRESENCE TO ENGOURAGE EDUCATORS, LOCAL BUSINESSES, AND COMMUNITY MEMBERS TO TAKE A...

COMMUNITY AWARENESS: THE CHAMBER SPONSORS NUMEROUS SEMINARS, MEETINGS, AND OTHER ACTIVITIES, AS WELL AS A WEB PRESENCE TO ENGOURAGE EDUCATORS, LOCAL BUSINESSES, AND COMMUNITY MEMBERS TO TAKE A PROACTIVE ROLE TO FURTHER INTEREST OF MEMBER BUSINESSES WHILE PRESENTING AND MAINTAINING A HEALTHY AND PROGRESSIVE BUSINESS RESIDENTIAL COMMUNITY: AND TO ENGCOURAGE GROWTH IN ALL ASPECTS OF THE COMMUNITY.

Program 2

TOURISM PROMOTION: THE CHAMBER SPONSORS VARIOUS EVENTS AND COMMUNITY ACTIVITIES THROUGHOUT THE YEAR TO PROMOTE INTERACTION BETWEEN MEMBER BUSINESSES AND VISITORS TO THE AREA TO ENCOURAGE TOURISM AND CULTIVATE A SHOP LOCAL ATTITUDE WITHIN THE COMMUNITY. THESE ACTIVITIES HAVE HELPED THE DOWNTWON MERCHANT MEMBERS MAINTAIN MARKETS WHEN MANY MODERATE SIZED COMMUNITIES HAVE SUFFERED ECONOMIC DOWNTURNS IN THEIR RESPECTIVE DOWNTOWN AREAS. THE CHAMBER OFFICE MAKES INFORMATION READILY AVAILABLE ON SITE THROUGH ELECTRONIC MEDIA REGARDING AREA AMENITIES AND ACTIVITIES TO VISITORS, NEWCOMERS, POTENTIAL RESIDENTS, AND BUSINESSES PROVIDING A "BEST FOOT FORWARD" APPROACH.

Program 3

MEMBER SERVICES: THE CHAMBER PROVIDES NUMEROUS MEETINGS AND CONFERENCES FOR ITS MEMBERS TO PROMOTE A CONFIDENT AND AMENABLE BUSINESS ENVIRONMENT. THE CHAMBER SPONSORS REGULAR BREAKFASTS AND AFTER...

MEMBER SERVICES: THE CHAMBER PROVIDES NUMEROUS MEETINGS AND CONFERENCES FOR ITS MEMBERS TO PROMOTE A CONFIDENT AND AMENABLE BUSINESS ENVIRONMENT. THE CHAMBER SPONSORS REGULAR BREAKFASTS AND AFTER HOURS GATHERINGS, AS WELL AS NUMEROUS OTHER MEETINGS TO PROVIDE OPPORTUNITY FOR MEMBERS TO MET AND EXCHANGE IDEAS AND INFORMATION. ALL DONE IN AN EFFORT TO PROMOTE ITS MEMBERS AND THE COMMUNITY. THE CHAMBER ALSO COMPILES AND DISTRIBUTES A COMMUNITY BUSINESS DIRECTORY TO PROMOTE MEMBER BUSINESSES. THE PUBLICATION IS MADE AVAILABLE TO MEMBER BUSINESSES AND RESIDENTS AS WELL AS THOSE SEEKING COMMUNITY INFORMATION IN AN EFFORT TO PROMOTE NEW GROWTH AND EXISTING BUSINESSES.

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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 $179,228

Program Service Revenue $592,739

Investment Income $18,338

Other Revenue $0

TOTAL REVENUE $790,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $247,742

Fundraising Expenses $5,730

Other Expenses $675,172

TOTAL EXPENSES $922,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$790,305	$625,286	+0.3%
Expenses	$922,914	$876,530	+0.1%
Net Income	$-132,609	$-251,244	-0.5%

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

N/A

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
RICHARD BONNEY	PRESIDENT /	N/A	Officer Director	$0	$0	$0
TUCKER BROWN	DIRECTOR	N/A	Director	$0	$0	$0
BRITTANY BURNS	DIRECTOR	N/A	Director	$0	$0	$0
ERIN CONRAD	DIRECTOR	N/A	Director	$0	$0	$0
BILL DIXON	PAST CHAIR	N/A	Officer Director	$0	$0	$0
DARRELL GRUBBS	DIRECTOR	N/A	Director	$0	$0	$0
NIKKI HUFFMAN	DIRECTOR	N/A	Director	$0	$0	$0
GENE KEENON	DIRECTOR	N/A	Director	$0	$0	$0
THERESA PRECIADO	DIRECTOR	N/A	Director	$0	$0	$0
COURNTEY SEELBACH	TREASURER	N/A	Officer Director	$0	$0	$0
TOMMY SHUMATE	VICE CHAIR	N/A	Officer Director	$0	$0	$0
JIMMY SMITH	DIRECTOR	N/A	Director	$0	$0	$0
VICTORIA SMITH	CHAIR	N/A	Officer Director	$0	$0	$0
JUSTIN STANSELL	DIRECTOR	N/A	Director	$0	$0	$0
TYLER VERNER	VICE CHAIR	N/A	Officer 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
2024	$790,305	$922,914	$793,335	$-132,609
2023	$625,286	$876,530	$925,455	$-251,244
2022	$1,546,010	$837,137	$1,172,150	$708,873
2021	$548,291	$682,456	$462,080	$-134,165
2020	$549,542	$620,390	$552,361	$-70,848
2019	$602,271	$609,027	$624,687	$-6,756
2018	$567,531	$515,809	$630,508	$51,722