GREATER IRVING-LAS COLINAS CHAMBER OF COMMERCE

EIN: 750679582

IRVING, TX

Total Revenue
$4,003,546
Total Expenses
$3,992,660
Total Assets
$1,637,234
Net Assets
$1,405,566
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
TX
Principal Officer
BETH BOWMAN
Phone
2142178484
Tax Period
2023-10-01 to 2024-09-30

GREATER IRVING-LAS COLINAS CHAMBER OF COMMERCE, founded in 1938, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2023.

Mission

TO CREATE, ADVANCE AND PROMOTE ECONOMIC GROWTH FOR OUR MEMBER INVESTORS AND COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $2,387,067

ECONOMIC DEVELOPMENT - FOCUSES ON RECRUITING NEW COMPANIES INTO IRVING WHILE RETAINING AND GROWING COMPANIES WITH AN EXISTING PRESENCE IN IRVING. ECONOMIC DEVELOPMENT IS RESPONSIBLE FOR THESE FOCUS...

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ECONOMIC DEVELOPMENT - FOCUSES ON RECRUITING NEW COMPANIES INTO IRVING WHILE RETAINING AND GROWING COMPANIES WITH AN EXISTING PRESENCE IN IRVING. ECONOMIC DEVELOPMENT IS RESPONSIBLE FOR THESE FOCUS AREAS IN AN EFFORT TO PROVIDE QUALITY JOBS AND ASSIST IN MAINTAINING AND GROWING THE LOCAL TAX BASE IN ORDER TO MAINTAIN A VIBRANT ECONOMY IN IRVING AND ITS 12,000 ACRE MIXED-USE, MASTER-PLANNED COMMUNITY, LAS COLINAS.

Program 2
Expenses: $359,993

THE INTERNATIONAL AFFAIRS/SISTER CITIES PROGRAM PROVIDES SUPPORT TO COMPANIES INTERESTED IN STARTING OR EXPANDING THEIR INTERNATIONAL BUSINESS ACTIVITIES. TOGETHER WITH OUR MANY PARTNERS INCLUDING...

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THE INTERNATIONAL AFFAIRS/SISTER CITIES PROGRAM PROVIDES SUPPORT TO COMPANIES INTERESTED IN STARTING OR EXPANDING THEIR INTERNATIONAL BUSINESS ACTIVITIES. TOGETHER WITH OUR MANY PARTNERS INCLUDING THE US-MEXICO CHAMBER OF COMMERCE WE CONTINUE TO ATTRACT INVESTMENT FROM FOREIGN BUSINESSES, AID LOCAL FIRMS IN GAINING ENTRY INTO FOREIGN MARKETS AND CREATE A WELCOMING ENVIRONMENT FOR THE INTERNATIONAL COMMUNITY.

Program 3
Expenses: $202,212

Membership Development-Promotes the Chamber among the business community and brings member investors together for member networking with the purpose of encouraging commerce and local business...

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Membership Development-Promotes the Chamber among the business community and brings member investors together for member networking with the purpose of encouraging commerce and local business development opportunity.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $904,700
Program Service Revenue $3,080,630
Investment Income $8,891
Other Revenue $9,325
TOTAL REVENUE $4,003,546

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $1,761,206
Fundraising Expenses $0
Program Expenses $2,949,272
Other Expenses $2,230,454
TOTAL EXPENSES $3,992,660

Year-over-Year Comparison

2023 2022 Change
Revenue $4,003,546 $4,049,979 0.0%
Expenses $3,992,660 $4,014,507 0.0%
Net Income $10,886 $35,472 -0.7%
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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Governance

Voting Members
50
Independent Members
50
Employees
16
Volunteers
56

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
13
$391,515
Total Directors
50
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH BOWMAN PRESIDENT/CEO 38.00
Officer
$360,702 $30,813 $391,515
DIANA VELAZQUEZ VP-ECON DEV 40.00
$191,532 $15,785 $207,317
JOE CHAPA VP-INTERNATIONAL 40.00
$131,953 $13,506 $145,459
CHRIS O'BRIEN-thru 112023 DIRECTOR-ED 40.00
$103,473 $12,704 $116,177
DUANE ANDERSON Treasurer 2.00
Officer Director
$0 $0 $0
MICHAEL AWOSEMUSI VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
JAY BASANTKUMARE Director 2.00
Director
$0 $0 $0
DR CHRISTA SLEJKO Director 2.00
Director
$0 $0 $0
TIRZA BROOKS Director 2.00
Director
$0 $0 $0
RYAN BECK Director 2.00
Director
$0 $0 $0
MATTHEW BOYLE Director 2.00
Director
$0 $0 $0
MICHAEL CHRISTOPHER Director 2.00
Director
$0 $0 $0
ZENOLA CAMPBELL Director 2.00
Director
$0 $0 $0
TRACI CLEMENTS VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
HARRY LAKE VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
JASON CRAMER Director 2.00
Director
$0 $0 $0
MAURA GAST Director 2.00
Director
$0 $0 $0
TODD HAWKINS Director 2.00
Director
$0 $0 $0
ALFONSO HERNANDEZ Director 2.00
Director
$0 $0 $0
SOPHIE LEVY ZUCKERMAN Director 2.00
Director
$0 $0 $0
DAVID SCHOEMAKER Director 2.00
Director
$0 $0 $0
KITA M HOBBS Director 2.00
Director
$0 $0 $0
FELICIA JOHNSON VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
JESSICA O'NEAL Director 2.00
Director
$0 $0 $0
HEATHER STROUP Director 2.00
Director
$0 $0 $0
RUTH KENNEDY Director 2.00
Director
$0 $0 $0
STEVE LOVE VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
CHRIS HILLMAN Director 2.00
Director
$0 $0 $0
SID SUREKA Director 2.00
Director
$0 $0 $0
ERIC NORRINGTON Director 2.00
Director
$0 $0 $0
KERRI MIENE VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
KARLA JONES Director 2.00
Director
$0 $0 $0
JANIE PERELMAN IMM PAST CHAIR 2.00
Officer Director
$0 $0 $0
REENANN RUTTER Director 2.00
Director
$0 $0 $0
AMY M LINTON Director 2.00
Director
$0 $0 $0
CRISTAL RETANA Director 2.00
Director
$0 $0 $0
KIMBERLY MATTHEWS Director 2.00
Director
$0 $0 $0
KARA MCKINNEY Director 2.00
Director
$0 $0 $0
GABRIELA SAENZ Director 2.00
Director
$0 $0 $0
TABITHA TURNER Director 2.00
Director
$0 $0 $0
DONNA WALD Director 2.00
Director
$0 $0 $0
COLBY WALTON Director 2.00
Director
$0 $0 $0
TOM TROTTER VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
SONDIE YELVINGTON Director 2.00
Director
$0 $0 $0
BRAD WATSON Chairman 2.00
Officer Director
$0 $0 $0
REGINA WHITLOCK VICE CHAIRWOMAN 2.00
Officer Director
$0 $0 $0
SHEENA A MITCHELL VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
MICHELLE MERCADO Director 2.00
Director
$0 $0 $0
RICHARD STEWART Director 2.00
Director
$0 $0 $0
RICK STOPFER Director 2.00
Director
$0 $0 $0
DR J LEE WHITTINGTON Director 2.00
Director
$0 $0 $0
DEAN PANJWANI Director 2.00
Director
$0 $0 $0
HAMMOND PEROT Director 2.00
Director
$0 $0 $0
CHRISTINA WINTERS Director 2.00
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 $4,003,546 $3,992,660 $1,637,234 $10,886
2023 $4,049,979 $4,014,507 $1,569,172 $35,472
2022 $3,950,216 $3,698,770 $1,555,399 $251,446
2021 $3,879,156 $3,790,753 $1,365,417 $88,403
2020 $4,209,482 $4,192,893 $1,148,438 $16,589
2019 $4,655,805 $4,527,421 $1,173,630 $128,384
2018 $4,223,091 $4,084,179 $1,013,072 $138,912
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