FLOWER MOUND CHAMBER OF COMMERCE

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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

1982

Legal Domicile

Principal Officer

LORI R WALKER

Phone

9725390500

Tax Period

2023-01-01 to 2023-12-31

FLOWER MOUND CHAMBER OF COMMERCE, founded in 1982, is a small nonprofit that reported $701K in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE FLOWER MOUND CHAMBER OF COMMERCE IS TO SUPPORT THE BUSINESS COMMUNITY FOR THE ECONOMIC PROSPERITY OF FLOWER MOUND.

Program Service Accomplishments

Program 1

Expenses: $29,594 Revenue: $71,968

MONTHLY LUNCHEONSTYPICALLY HELD ON THE THIRD TUESDAY OF EACH MONTH, APPROXIMATELY 105 CHAMBER MEMBERS AND MEMBERS OF LOCAL GOVERNMENT ATTEND. NEW MEMBERS AND FIRST-TIME GUESTS ARE INTRODUCED AND THIS LUNCHEON IS A GREAT WAY TO MEET OTHER CHAMBER MEMBERS. THE LUNCHEON IS PACKED WITH ANNOUNCEMENTS, A KEYNOTE SPEAKER, THE RECOGNITION OF THE BUSINESS OF THE MONTH, AS WELL AS THE INTRODUCTION OF THE AMBASSADOR OF THE MONTH.

Program 2

Expenses: $16,054 Revenue: $23,266

ANNUAL AWARDS PARTYFLOWER MOUND CHAMBER ANNUAL AWARDS BANQUET. APPROXIMATELY 199 GUESTS COME TO SAY GOODBYE AND GIVE A BIG THANK YOU TO THE OUTGOING CHAIRMAN. THE BUSINESS OF THE YEAR AND CITIZEN OF THE YEAR ARE ANNOUNCED, AS WELL AS THE RECOGNITION OF THE MEMBERS WHO HAVE MADE OUTSTANDING CONTRIBUTIONS TO THE CHAMBER THROUGHOUT THE YEAR.

Program 3

Expenses: $13,613 Revenue: $29,100

LEADERSHIP FLOWER MOUNDLEADERSHIP FLOWER MOUND IS A NINE-MONTH PROGRAM THAT BEGINS IN SEPTEMBER WITH A TEAM-BUILDING COURSE AT NEAR BY STONEY RANCH AND ENDS IN MAY WITH A GRADUATION OF THE...

LEADERSHIP FLOWER MOUNDLEADERSHIP FLOWER MOUND IS A NINE-MONTH PROGRAM THAT BEGINS IN SEPTEMBER WITH A TEAM-BUILDING COURSE AT NEAR BY STONEY RANCH AND ENDS IN MAY WITH A GRADUATION OF THE PARTICIPANTS. SOME OF THE MONTHLY CLASSES INCLUDE LEARNING ABOUT THE HISTORY OF FLOWER MOUND, EDUCATION, COMMUNITY SERVICE, TOWN GOVERNMENT, COUNTY GOVERNMENT, STATE GOVERNMENT, AS WELL AS A CLASS ON LEADERSHIP DYNAMICS.

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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 $316,635

Program Service Revenue $151,990

Investment Income $1,068

Other Revenue $230,837

TOTAL REVENUE $700,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $356,541

Fundraising Expenses $0

Program Expenses $84,343

Other Expenses $337,634

TOTAL EXPENSES $694,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$700,530	$693,807	+0.0%
Expenses	$694,175	$647,620	+0.1%
Net Income	$6,355	$46,187	-0.9%

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

100

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

$127,487

Total Directors