Midlothian Chamber of Commerce (EIN 751691618) - 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

1977

Legal Domicile

Phone

9727238600

Tax Period

2023-01-01 to 2023-12-31

Midlothian Chamber of Commerce, founded in 1977, is a small nonprofit that reported $250K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $291K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO BE THE CATLYST FOR ECONOMIC GROWTH FOR OUR MEMBERS AND THE COMMUNITY THROUGH ADVOCACY, EDUCATION, AND COMMUNITY ENHANCEMENT.

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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 $151,242

Program Service Revenue $37,890

Investment Income $2,322

Other Revenue $58,283

TOTAL REVENUE $249,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,114

Fundraising Expenses $0

Other Expenses $114,174

TOTAL EXPENSES $291,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$249,737	$491,747	-0.5%
Expenses	$291,288	$347,591	-0.2%
Net Income	$-41,551	$144,156	-1.3%

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

275

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

$77,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Melissa Shook	President & CEO	45.00	Officer	$77,000	$0	$77,000
Amy Tounget	Director	2.00	Director	$0	$0	$0
Daniel Carnes	Director	2.00	Director	$0	$0	$0
Danny Gildea	Director	2.00	Director	$0	$0	$0
Doug Hunt	Director	2.00	Director	$0	$0	$0
Francisco Pinto	Director	2.00	Director	$0	$0	$0
Jordy Jordan	Director	2.00	Director	$0	$0	$0
Judy McGraw	Director	2.00	Director	$0	$0	$0
Kasey Cheshier	Director	2.00	Director	$0	$0	$0
Sissy Franklin	Director	2.00	Director	$0	$0	$0
Ted Harrington	Director	2.00	Director	$0	$0	$0
Jonathan Douglass	Chairman	2.00	Officer	$0	$0	$0
Michael Boler	Treasurer	2.00	Officer	$0	$0	$0
Erika Roland	Chairman	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$249,737	$291,288	$201,822	$-41,551
2022	$310,329	$321,312	$197,373	$-10,983
2021	$491,747	$347,591	$246,991	$144,156
2020	$271,508	$254,848	$120,716	$16,660
2019	$346,741	$339,729	$48,918	$7,012
2018	$344,619	$321,498	$41,906	$23,121

Midlothian Chamber of Commerce