Desoto Chamber of Commerce (EIN 751325568) - 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

1962

Legal Domicile

Principal Officer

VANESSA STERLING

Phone

9722243565

Tax Period

2022-10-01 to 2023-09-30

Desoto Chamber of Commerce, founded in 1962, is a small nonprofit in the Community Improvement sector that reported $233K in total revenue in fiscal year 2022.

Mission

CREATE BUSINESS OPPORTUNITIES IN THE DESOTO AND SURROUNDING GEOGRAPHIC 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 (2022)

Revenue Breakdown

Contributions & Grants $232,518

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $232,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,639

Fundraising Expenses $0

Program Expenses $22,232

Other Expenses $144,161

TOTAL EXPENSES $226,300

Year-over-Year Comparison

	2022	2021	Change
Revenue	$232,518	N/A	N/A
Expenses	$226,300	N/A	N/A
Net Income	$6,218	N/A	N/A

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

N/A

Independent Members

N/A

Employees

N/A

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN BISHOP	Chairman of the Board	20.00	Officer Director	$0	$0	$0
NINA THREATS	Chairman of the Board	1.000	Director	$0	$0	$0
CHARLES WILLIAMS	Treasurer	5.000	Officer Director	$0	$0	$0
MAURICE JONES	Secretary	2.000	Officer Director	$0	$0	$0
KENZIE MOORE	Executive Board	1.000	Officer Director	$0	$0	$0
CHEMILLE BENTON	Director	2.000	Director	$0	$0	$0
SHELLY CLANTON	Director	2.000	Director	$0	$0	$0
PATRICK CLARK	Director	2.000	Director	$0	$0	$0
NICOLE YOUNG	Director	N/A	Director	$0	$0	$0
JORDAN HORTON	Director	2.000	Director	$0	$0	$0
NIKKI CEASAR-SMALLS	Director	N/A	Director	$0	$0	$0
VANESSA STERLING	PresidentCEO	45.00	Officer Director	$60,000	$0	$60,000

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
2023	$232,518	$226,300	$54,323	$6,218
2022	$205,915	$241,894	$48,104	$-35,979
2018	$445,421	$425,548	$205,355	$19,873

Desoto Chamber of Commerce