SHERMAN CHAMBER OF COMMERCE (EIN 750554920) - 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

1938

Legal Domicile

Principal Officer

KARLA COLWELL

Tax Period

2023-01-01 to 2023-12-31

SHERMAN CHAMBER OF COMMERCE, founded in 1938, is a small nonprofit in the Community Improvement sector that reported $390K in total revenue in fiscal year 2023.

Mission

TO JOIN CITIZENS/BUSINESSES TOGTHER IN VARIOUS PRORAMS FOR THE COMMON CAUSE OF IMPROVING AND PROMOTING THE SHERMAN AREA AS A GREAT PLACE TO LIVE AND WORK.

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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 $233,939

Program Service Revenue $113,225

Investment Income $705

Other Revenue $42,459

TOTAL REVENUE $390,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,927

Fundraising Expenses $26,331

Program Expenses $254,044

Other Expenses $149,640

TOTAL EXPENSES $387,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$390,328	$377,053	+0.0%
Expenses	$387,567	$339,542	+0.1%
Net Income	$2,761	$37,511	-0.9%

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
RICK BARNES	DIRECTOR	N/A	Director	$0	$0	$0
JOEY BEASON	DIRECTOR	N/A	Director	$0	$0	$0
EDWIN CLARK	DIRECTOR	N/A	Director	$0	$0	$0
GINA CLAYTON	DIRECTOR	N/A	Director	$0	$0	$0
KARLA COLWELL	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
JASON CRACE	DIRECTOR	N/A	Director	$0	$0	$0
ASA JESSEE	DIRECTOR	N/A	Director	$0	$0	$0
MATT MALINAK	DIRECTOR	N/A	Director	$0	$0	$0
NILA PATEL	DIRECTOR	N/A	Director	$0	$0	$0
LISA PERKINS	DIRECTOR	N/A	Director	$0	$0	$0
NATHAN PETRI	DIRECTOR	N/A	Director	$0	$0	$0
SANDY REHKOPF	PRESIDENT	N/A	Officer Director	$0	$0	$0
CASIE RIVAS	DIRECTOR	N/A	Director	$0	$0	$0
SHAWN TEAMANN	DIRECTOR	N/A	Director	$0	$0	$0
TODD THOMPSON	DIRECTOR	N/A	Director	$0	$0	$0
MARK TOOLEY	DIRECTOR	N/A	Director	$0	$0	$0
MIKE WILLIAMS	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$390,328	$387,567	$115,087	$2,761
2022	$377,053	$339,542	$112,456	$37,511
2021	$265,970	$252,108	$134,826	$13,862
2020	$266,359	$234,190	$158,182	$32,169
2019	$230,356	$235,820	$97,694	$-5,464
2018	$231,188	$208,396	$95,464	$22,792

SHERMAN CHAMBER OF COMMERCE