WICHITA FALLS CHAMBER OF COMMERCE AND INDUSTRY (EIN 751102461) - 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

1926

Legal Domicile

Principal Officer

MARIA G JAIMES

Phone

9407232741

Tax Period

2024-01-01 to 2024-09-30

WICHITA FALLS CHAMBER OF COMMERCE AND INDUSTRY, founded in 1926, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE PROMOTION OF BUSINESS & COMMUNITY 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,515,450

Investment Income $14,821

Other Revenue $0

TOTAL REVENUE $1,530,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $949,621

Fundraising Expenses $0

Program Expenses $1,484,478

Other Expenses $742,386

TOTAL EXPENSES $1,692,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,530,271	$1,661,677	-0.1%
Expenses	$1,692,007	$1,769,516	0.0%
Net Income	$-161,736	$-107,839	+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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNIE R KITCHEN	PRESIDENT	40.00	Officer	$0	$0	$0
COLBY SCHWARTZ	CHAIR	2.00	Officer Director	$0	$0	$0
BRAD RODGERS	VICE CHAIR	1.50	Officer Director	$0	$0	$0
GORDON DRAKE	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JERRY MCGEE	TREASURER	2.00	Officer Director	$0	$0	$0
OKU OKEKE	SECRETARY	1.50	Officer Director	$0	$0	$0
SCOTT FLINN	AT-LARGE MEMBER	1.00	Officer Director	$0	$0	$0
STACIA HAYNIE	AT-LARGE MEMBER	1.00	Officer Director	$0	$0	$0
LACEY MORGAN	MEMBER	1.00	Director	$0	$0	$0
TRACY BARRELLS	MEMBER	1.00	Director	$0	$0	$0
GONZALO ROBLES	MEMBER	1.00	Director	$0	$0	$0
KELLY FRISTOE	MEMBER	1.00	Director	$0	$0	$0
TYLER METHVIN	MEMBER	1.00	Director	$0	$0	$0
ROBERTO RODRIGUEZ	MEMBER	1.00	Director	$0	$0	$0
RUBEN RODRIGUEZ	MEMBER	1.00	Director	$0	$0	$0
DR SHELLEY SWEATT	MEMBER	1.00	Director	$0	$0	$0
GLENN BARHAM	MEMBER	1.00	Director	$0	$0	$0
PHYLLIS COWLING	MEMBER	1.00	Director	$0	$0	$0
JAMES FRANK	MEMBER	1.00	Director	$0	$0	$0
JIM JOHNSON	MEMBER	1.00	Director	$0	$0	$0
DR DUSTY JOHNSTON	MEMBER	1.00	Director	$0	$0	$0
TANJA ROBINSON	MEMBER	1.00	Director	$0	$0	$0
DARRON LEIKER	MEMBER	1.00	Director	$0	$0	$0
PAM HUGHES PAK	MEMBER	1.00	Director	$0	$0	$0
NICK SCHREIBER	MEMBER	1.00	Director	$0	$0	$0
DR DONNY LEE	MEMBER	1.00	Director	$0	$0	$0
BRIAN BLAIR	MEMBER	1.00	Director	$0	$0	$0
GEORGE DIETRICH	MEMBER	1.00	Director	$0	$0	$0
BRAD ORGERON	MEMBER	1.00	Director	$0	$0	$0
DAMON WHATLEY	MEMBER	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	$1,530,271	$1,692,007	$1,206,256	$-161,736
2023	$1,661,677	$1,769,516	$1,344,829	$-107,839
2022	$1,479,960	$1,458,542	$1,523,570	$21,418
2021	$1,540,786	$1,488,762	$1,154,320	$52,024
2020	$1,432,636	$1,481,122	$1,169,521	$-48,486
2019	$1,551,832	$1,467,791	$1,221,319	$84,041
2018	$1,530,122	$1,510,136	$1,098,607	$19,986

WICHITA FALLS CHAMBER OF COMMERCE AND INDUSTRY