WAXAHACHIE 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

1928

Legal Domicile

Principal Officer

MICHAEL STRENGTH

Tax Period

2023-01-01 to 2023-12-31

WAXAHACHIE CHAMBER OF COMMERCE, founded in 1928, is a small nonprofit that reported $630K in total revenue in fiscal year 2023. Expenses of $601K left a modest 5% surplus.

Mission

THE CHAMBER IS COMPRISED OF A NETWORK OF BUSINESS CIVIC AND COMMUNITY LEADERS WITH THE GOAL OF CONTIBUTING TO THE COMMUNITY TO HELP BUSINESS AND THE COMMUNITY TO THRIVE

Program Service Accomplishments

Program 1

Expenses: $172,363 Revenue: $562,112

COMMUNITY AND ECONOMIC DEVELOPMENT

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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 $543,951

Program Service Revenue $69,117

Investment Income $129

Other Revenue $17,200

TOTAL REVENUE $630,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $310,683

Fundraising Expenses $97,385

Program Expenses $172,363

Other Expenses $193,030

TOTAL EXPENSES $601,098

Year-over-Year Comparison

	2023	2022	Change
Revenue	$630,397	$635,936	0.0%
Expenses	$601,098	$579,699	+0.0%
Net Income	$29,299	$56,237	-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

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

$218,500

Total Directors

$103,500

Key Employees

$73,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE FARRAR	VICE PRESIDENT	0.00	Officer	$80,000	$0	$80,000
MICHAEL STRENGTH	PRESIDENT	40.00	Officer Director Key Emp	$73,500	$0	$73,500
SHANNA DUNN	COO	0.00	Officer	$65,000	$0	$65,000
ROSEMARY TROJACEK	MARKETING	0.00	Director	$30,000	$0	$30,000
JORDAN MOLINA	DIRECTOR	0.00	Director	$0	$0	$0
BOB LYNN	DIRECTOR	0.00	Director	$0	$0	$0
REBECCA LOCKRIDGE	DIRECTOR	0.00	Director	$0	$0	$0
AMI TRULL	DIRECTOR	0.00	Director	$0	$0	$0
RYAN PITTS	DIRECTOR	0.00	Director	$0	$0	$0
WAUNDREA PAYNE	DIRECTOR	0.00	Director	$0	$0	$0
RICK BOWLES	DIRECTOR	0.00	Director	$0	$0	$0
KATHY AULSON	DIRECTOR	0.00	Director	$0	$0	$0
ROBBY KINSALA	DIRECTOR	0.00	Director	$0	$0	$0
ALBERT LAWRENCE	DIRECTOR	0.00	Director	$0	$0	$0
JAY CRUZAN	DIRECTOR	0.00	Director	$0	$0	$0
LINDSAY BRUTON	DIRECTOR	0.00	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	$630,397	$601,098	$269,403	$29,299
2022	$635,936	$579,699	$229,715	$56,237
2021	$365,042	$453,841	$184,544	$-88,799
2020	$382,974	$404,098	$279,396	$-21,124
2019	$385,562	$395,006	$155,661	$-9,444
2018	$376,935	$462,324	$162,820	$-85,389