OZONA CHAMBER OF COMMERCE INC

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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

1963

Legal Domicile

Principal Officer

AMIT PATEL

Phone

3253923737

Tax Period

2023-01-01 to 2023-12-31

OZONA CHAMBER OF COMMERCE INC, founded in 1963, is a small nonprofit that reported $168K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Net assets of $362K represent 26 months of operating reserves.

Mission

THE OZONA CHAMBER OF COMMERCE, INC.'S PURPOSE IS TO REPRESENT THE BUSINESS AND PROFESSIONAL INTERESTS OF THE COMMUNITY AND CROCKETT COUNTY AS WELL AS PROMOTE A HEALTHY ECONOMY AND QUALITY OF LIFE. THE CHAMBER ENCOURAGES ACTIVE PARTICIPATION AMONG COMMERCIAL AND CIVIC ENDEAVORS AND TO COMMUNICATE THE VIEW OF THE BUSINESS COMMUNITY ON MAJOR ISSUES OF PUBLIC POLICY. THE CHAMBER'S MAJOR EMPHASIS IS TO DEVELOP AND PROMOTE TOURISM FOR THE COMMUNITY. THE CHAMBER IS SUPPORTED PRIMARILY THROUGH MOTEL OCCUPANCY TAX AND MEMBERSHIP DUES.

Program Service Accomplishments

Program 1

Expenses: $149,860 Revenue: $163,967

THE CHAMBER WAS ORGANIZED TO PROMOTE TOURISM AND ECONOMIC DEVELOPMENT FOR CROCKETT COUNTY. THE CHAMBER PARTICIPATES IN NUMEROUS PROMOTIONAL ACTIVITIES THAT BROADEN THE AWARENESS OF THE COUNTY TO...

THE CHAMBER WAS ORGANIZED TO PROMOTE TOURISM AND ECONOMIC DEVELOPMENT FOR CROCKETT COUNTY. THE CHAMBER PARTICIPATES IN NUMEROUS PROMOTIONAL ACTIVITIES THAT BROADEN THE AWARENESS OF THE COUNTY TO TRAVELERS IN THE 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 $281

Program Service Revenue $162,543

Investment Income $0

Other Revenue $4,824

TOTAL REVENUE $167,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,027

Fundraising Expenses $0

Program Expenses $149,860

Other Expenses $121,714

TOTAL EXPENSES $176,741

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,648	$229,812	-0.3%
Expenses	$176,741	$214,490	-0.2%
Net Income	$-9,093	$15,322	-1.6%

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

N/A

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

$2,483

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HELLMAN	DIRECTOR	10.00	Director	$0	$0	$0
NINFA PREDDY	DIRECTOR	10.00	Director	$0	$0	$0
DUSTIN MARTIN	DIRECTOR	10.00	Director	$0	$0	$0
DR MARCUS SIMS	DIRECTOR	10.00	Director	$0	$0	$0
PHILIP WALKER	PRESIDENT	45.00	Officer	$2,483	$0	$2,483
AMIT PATEL	CHAIRMAN/TREASUER	10.00	Officer	$0	$0	$0
TOM ANDERSON	VICE CHAIRMAN	10.00	Officer	$0	$0	$0
EVELYN KERBOW	PAST CHAIRMAN	10.00	Officer	$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	$167,648	$176,741	$393,438	$-9,093
2023	$178,876	$179,651	$388,449	$-775
2022	$229,812	$214,490	$394,048	$15,322
2021	$242,558	$227,440	$373,104	$15,118
2019	$249,616	$207,128	$420,606	$42,488
2018	$263,285	$200,712	$368,743	$62,573