SEMINOLE 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

1959

Legal Domicile

Principal Officer

DEVAN BUTLER

Phone

4327582352

Tax Period

2022-12-01 to 2023-11-30

SEMINOLE CHAMBER OF COMMERCE, founded in 1959, is a small nonprofit that reported $273K in total revenue in fiscal year 2022. Expenses of $232K left a modest 15% surplus.

Mission

PROMOTION OF THE CITY OF SEMINOLE

Program Service Accomplishments

Program 1

Expenses: $146,745 Revenue: $145,047

GENERAL PROMOTIONS FOR THE ECONOMIC BENEFIT OF BUSINESSES IN THE CITY OF SEMINOLE, TX. MEETINGS ALLOW BUSINESS OWNERS OPPORTUNITIES TO DISCUSS WAYS TO PROMOTE ECONOMIC PROGRESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $127,000

Program Service Revenue $145,047

Investment Income $499

Other Revenue $0

TOTAL REVENUE $272,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,189

Fundraising Expenses $0

Program Expenses $146,745

Other Expenses $142,819

TOTAL EXPENSES $232,008

Year-over-Year Comparison

	2022	2021	Change
Revenue	$272,546	$253,518	+0.1%
Expenses	$232,008	$192,754	+0.2%
Net Income	$40,538	$60,764	-0.3%

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
MARLIN CARTER	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTINA GARZA	DIRECTOR	N/A	Director	$0	$0	$0
ELAINE HARALSON	DIRECTOR	N/A	Director	$0	$0	$0
CHARLIE JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL LORD	DIRECTOR	N/A	Director	$0	$0	$0
SHAWNTAY PETTYJOHN	DIRECTOR	N/A	Director	$0	$0	$0
TAB SIERRA	HOLDOVER CHA	N/A	Director	$0	$0	$0
KURT COOR	TREASURER	N/A	Officer	$0	$0	$0
KRISTAL FOSTER	HOLDOVER CHA	N/A	Officer	$0	$0	$0
MARIA FROESE	SECRETARY	N/A	Officer	$0	$0	$0
CHRISTY HAWKINS	CHAIRMAN	N/A	Officer	$0	$0	$0
BENETTE MCDONALD	VICE CHAIRMA	N/A	Officer	$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	No data	No data	No data	No data
2023	$272,546	$232,008	$108,783	$40,538
2022	$253,518	$192,754	$67,484	$60,764