TEXARKANA CHAMBER OF COMMERCE (EIN 750694083) - 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

1912

Legal Domicile

Principal Officer

SAME AS C ABOVE

Phone

9037927191

Tax Period

2024-01-01 to 2024-12-31

TEXARKANA CHAMBER OF COMMERCE, founded in 1912, is a small nonprofit that reported $643K in total revenue in fiscal year 2024. Expenses of $790K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE CHAMBER OF COMMERCE WAS ORGANIZED TO PROMOTE ECONOMIC DEVELOPTMENT AND TOURISM IN THE TEXARKANA, ARKANSAS AND TEXARKANA, TEXAS AREAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,281

Program Service Revenue $323,955

Investment Income $58,018

Other Revenue $245,254

TOTAL REVENUE $642,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $350,320

Fundraising Expenses $0

Program Expenses $191,633

Other Expenses $440,147

TOTAL EXPENSES $790,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$642,508	$674,407	0.0%
Expenses	$790,467	$797,937	0.0%
Net Income	$-147,959	$-123,530	+0.2%

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

Total Directors

$112,764

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENIS WASHINGTON	FORMER PRESI	45.00		$107,983	$0	$107,983
ROBIN HICKERSON	PRESIDENT &	45.00	Director	$42,000	$0	$42,000
CHLOE YOUNG	DIRECTOR OF	40.00	Director	$41,523	$0	$41,523
BERKLEY MCKNIGHT	DIRECTOR PAR	N/A	Director	$29,241	$0	$29,241
JAMES BRAMLETT	DIRECTOR	N/A	Director	$0	$0	$0
JOHN COLLINS	DIRECTOR	N/A	Director	$0	$0	$0
RON COPELAND	DIRECTOR	N/A	Director	$0	$0	$0
MARY DWIGHT	DIRECTOR	N/A	Director	$0	$0	$0
FRANCINE FRANCIS	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS GILBERT	DIRECTOR	N/A	Director	$0	$0	$0
TODD MARSHALL	DIRECTOR	N/A	Director	$0	$0	$0
JOEY MARTIN	DIRECTOR	N/A	Director	$0	$0	$0
STEVE MAYO	DIRECTOR	N/A	Director	$0	$0	$0
BROCK MCCORKLE	DIRECTOR	N/A	Director	$0	$0	$0
DERRICK MCGARY	DIRECTOR	N/A	Director	$0	$0	$0
CALEB MUDFORD	DIRECTOR	N/A	Director	$0	$0	$0
FRED NORTON	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT NORTON	DIRECTOR	N/A	Director	$0	$0	$0
RUSSELL SPARKS	DIRECTOR	N/A	Director	$0	$0	$0
PATTON TIDWELL	DIRECTOR	N/A	Director	$0	$0	$0
BRANDON WASHINGTON	DIRECTOR	N/A	Director	$0	$0	$0
TAMMY WATERS	DIRECTOR	N/A	Director	$0	$0	$0
JUSTIN WHITE	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	$642,508	$790,467	$1,852,669	$-147,959
2023	$674,407	$797,937	$2,061,938	$-123,530
2022	$765,809	$844,377	$2,124,505	$-78,568
2021	$704,171	$706,177	$2,409,694	$-2,006
2020	$538,197	$584,207	$2,312,152	$-46,010
2019	$585,711	$563,533	$2,259,261	$22,178
2018	$554,169	$541,444	$2,113,219	$12,725

TEXARKANA CHAMBER OF COMMERCE