Richardson Chamber of Commerce (EIN 750959636) - 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

1946

Legal Domicile

Principal Officer

Kim Quirk

Phone

9727922800

Tax Period

2023-01-01 to 2023-12-31

Richardson Chamber of Commerce, founded in 1946, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

Develop, promote and foster a continually growing, diverse and vibrant business community and civic climate in Richardson and the surrounding area.

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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 $1,002,335

Program Service Revenue $221,429

Investment Income $29,832

Other Revenue $135,622

TOTAL REVENUE $1,389,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $680,158

Fundraising Expenses $215,669

Program Expenses $920,543

Other Expenses $670,248

TOTAL EXPENSES $1,350,406

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,389,218	$1,923,749	-0.3%
Expenses	$1,350,406	$1,897,800	-0.3%
Net Income	$38,812	$25,949	+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

Total Directors

$120,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Quirk	CEO	45.00	Director	$120,000	$0	$120,000
Jan Arrant	Chairman	6.00	Officer Director	$0	$0	$0
Rachell Boelter	Trustee	1.00	Director	$0	$0	$0
Stan Bradshaw	Trustee	1.00	Director	$0	$0	$0
Rick Currey	Trustee	1.00	Director	$0	$0	$0
Manasseh Durkin	Chairman	6.00	Officer Director	$0	$0	$0
Darren Durrett	Vice President	6.00	Officer Director	$0	$0	$0
Scott Flannery	Trustee	1.00	Director	$0	$0	$0
Randy Ford Chair Elect	Chairman	6.00	Officer Director	$0	$0	$0
Marta Frey	Trustee	1.00	Director	$0	$0	$0
Kortney Gibson	Trustee	1.00	Director	$0	$0	$0
Raul Hinojosa	Trustee	1.00	Director	$0	$0	$0
Heather Hurd	Trustee	1.00	Director	$0	$0	$0
John Hurst	Trustee	1.00	Director	$0	$0	$0
Johnny Lee	Trustee	1.00	Director	$0	$0	$0
Alicia Makaye	Trustee	1.00	Director	$0	$0	$0
Debbie Richards	Trustee	1.00	Director	$0	$0	$0
Jen Royal	Vice President	6.00	Officer Director	$0	$0	$0
Bill Schaid	Trustee	1.00	Director	$0	$0	$0
Monica Scott	Vice President	6.00	Officer Director	$0	$0	$0
Grant Tonne	Trustee	1.00	Director	$0	$0	$0
Jeff Tuthill	Vice President	6.00	Officer Director	$0	$0	$0
Suzanne Williamson	Trustee	1.00	Director	$0	$0	$0
Eric Peltier	Trustee	1.00	Director	$0	$0	$0
Monica Scott	Vice President	6.00	Officer Director	$0	$0	$0
Karen Ethridge	Trustee	1.00	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	$1,389,218	$1,350,406	$1,769,278	$38,812
2022	$1,923,749	$1,897,800	$1,704,129	$25,949
2021	$2,340,851	$2,137,376	$1,864,936	$203,475
2020	$2,556,456	$2,453,001	$1,556,977	$103,455
2019	$2,832,171	$2,870,177	$1,571,770	$-38,006
2018	$2,823,982	$2,786,355	$1,453,890	$37,627

Richardson Chamber of Commerce