FORT WORTH CHAMBER FOUNDATION INC (EIN 751804931) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

PATRICIA K STEELMAN

Phone

8173362491

Tax Period

2024-01-01 to 2024-12-31

FORT WORTH CHAMBER FOUNDATION INC, founded in 1982, is a micro nonprofit in the Community Improvement sector that reported $6K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $13K exceeded revenue, resulting in a 109% operating deficit.

Mission

THE FORT WORTH CHAMBER FOUNDATION, INC. WAS INCORPORATED TO RECEIVE AND ADMINISTER FUNDS TO BE USED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES RELATING TO THE CITY OF FORT WORTH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $6,018

Other Revenue $0

TOTAL REVENUE $6,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $12,560

TOTAL EXPENSES $12,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,018	$4,606	+0.3%
Expenses	$12,560	$28,846	-0.6%
Net Income	$-6,542	$-24,240	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT OPTIZ	CHAIRMAN	1.00	Director	$0	$0	$0
GARY CUMBIE	VICE CHAIRMAN	1.00	Director	$0	$0	$0
ALLYSON BAUMEISTER	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
ANDY TAFT	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	$6,018	$12,560	$442,710	$-6,542
2023	$4,606	$28,846	$466,722	$-24,240
2022	$190,572	$195,635	$534,492	$-5,063
2021	$125,638	$141,920	$589,232	$-16,282
2020	$805,074	$1,085,749	$712,815	$-280,675
2019	$18,406	$15,820	$763,012	$2,586
2018	$36,709	$218,313	$763,136	$-181,604

FORT WORTH CHAMBER FOUNDATION INC