ODESSA CHAMBER OF COMMERCE

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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

1939

Legal Domicile

Principal Officer

RENEE EARLS

Phone

4323329111

Tax Period

2023-10-01 to 2024-09-30

ODESSA CHAMBER OF COMMERCE, founded in 1939, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.5M left a modest 4% surplus.

Mission

THE ODESSA CHAMBER OF COMMERCE IS A VOLUNTEER BUSINESS ORGANIZATION PROVIDING LEADERSHIP TO FURTHER DEVELOP AND MARKET THE CITY OF ODESSA, ECTOR COUNTY, AND THE PERMIAN BASIN.

Program Service Accomplishments

Program 1

Expenses: $1,587,498

CONVENTION AND SPECIAL EVENTS PROMOTION AND SERVICING FOR TOURISM EFFORTS; MARKETING AND PROMOTION FOR ECONOMIC DEVELOPMENT TO ATTRACT NEW BUSINESSES INTO THE AREA AND RETAIN AND INCREASE LOCAL...

CONVENTION AND SPECIAL EVENTS PROMOTION AND SERVICING FOR TOURISM EFFORTS; MARKETING AND PROMOTION FOR ECONOMIC DEVELOPMENT TO ATTRACT NEW BUSINESSES INTO THE AREA AND RETAIN AND INCREASE LOCAL BUSINESSES; SPECIAL EVENTS AND PROGRAMS FOR OPERATIONS AND YOUNG PROFESSIONALS OF ODESSA.

Program 2

Expenses: $781,902

PROMOTION OF LOCAL ECONOMY, NETWORKING OPPORTUNITIES FOR CHAMBER MEMBERS, PROFESSIONAL DEVELOPMENT FOR STAFF AND DUES AND SUBSCRIPTIONS FOR VARIOUS PROGRAMS.

Program 3

Expenses: $111,766

CHAMBER JOURNAL MONTHLY MARKETING TOOL IN LOCAL NEWSPAPER AVAILABLE TO LOCAL SUBSCRIBERS AND READERS, VARIOUS FORMS OF MARKETING THROUGH PRINT, BILLBOARDS, SOCIAL, NEWSLETTERS FOR ALL DEPARTMENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,490,895

Investment Income $34,617

Other Revenue $125,177

TOTAL REVENUE $3,650,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,648,672

Fundraising Expenses $0

Program Expenses $2,481,166

Other Expenses $1,854,232

TOTAL EXPENSES $3,502,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,650,689	$3,336,254	+0.1%
Expenses	$3,502,904	$3,199,521	+0.1%
Net Income	$147,785	$136,733	+0.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

776

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

$161,896

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEM CULPEPPER	CHAIR-ELECT	1.00	Director	$0	$0	$0
STACEY BROWN	PAST CHAIR	1.00	Director	$0	$0	$0
ANDY ESPINOZA	DIRECTOR	1.00	Director	$0	$0	$0
KEITH DIAL	DIRECTOR	1.00	Director	$0	$0	$0
GRAYSON HANKINS	IMMEDIATE PAST CHAIR	3.00	Director	$0	$0	$0
JEFF MEYERS	V.C. MEMBERSHIPS & PROGRAM	1.00	Director	$0	$0	$0
JUDD CAMPBELL	CHAIR	1.00	Director	$0	$0	$0
CRAIG STOKER	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS HERNANDEZ	V.C. COMMUNITY DEVELOPMENT	1.00	Director	$0	$0	$0
JIMMY BREAUX	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA GOODSON	V.C. LEGISLATIVE AFFAIRS	1.00	Director	$0	$0	$0
EKATARINA TELTEVSKAYA	DIRECTOR	1.00	Director	$0	$0	$0
LISA WYMAN	V.C. ECONOMIC DEVELOPMENT	1.00	Director	$0	$0	$0
AMY MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
KRIS DRAKE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL LUCAS	V.C. DISCOVER ODESSA	1.00	Director	$0	$0	$0
SARA SAFARZADEH AMIRI MD	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE DUNSON	DIRECTOR	1.00	Director	$0	$0	$0
MARY BLAIN	DIRECTOR	1.00	Director	$0	$0	$0
CRUZ CASTILLO	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON PRADON	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE BATTE	DIRECTOR	1.00	Director	$0	$0	$0
JOSH BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY COX	PAST CHAIR	1.00	Director	$0	$0	$0
JOHN HERRIAGE	DIRECTOR	1.00	Director	$0	$0	$0
LAURA JAMES	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE HURT KING	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN LEE	DIRECTOR	1.00	Director	$0	$0	$0
PHIL PADILLA	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS E MANSKEY	DIRECTOR OF ECONOMIC DEVEL	40.00	Key Emp	$161,896	$0	$161,896
RENEE EARLS	PRESIDENT/CEO	40.00	Highest	$201,934	$7,200	$209,134

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	$3,650,689	$3,502,904	$2,128,706	$147,785
2023	$3,336,254	$3,199,521	$1,790,204	$136,733
2022	$3,000,810	$2,999,600	$1,540,570	$1,210
2021	$2,946,075	$2,724,879	$1,429,301	$221,196
2020	$2,540,577	$2,511,140	$1,324,243	$29,437
2019	$2,803,484	$2,723,158	$1,161,364	$80,326
2018	$2,839,753	$2,772,663	$1,065,967	$67,090