FORNEY, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FORNEY AREA CHAMBER OF COMMERCE, founded in 1949, is a small nonprofit that reported $157K in total revenue in fiscal year 2023. The organization ran a surplus of $66K, a strong 42% operating margin.
The purpose of the Forney Area Chamber of Commerce is to promote area businesses and to introduce the Forney, Texas area to potential new businesses. This is accomplished through monthly meetings, annual events, and dissemination of information, including maps, directories, etc. Annual events include an auction, golf tournament, and banquet. These events generate operating revenue for the Chamber of Commerce and provide networking opportunities of local businesses and individuals.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $156,758 | N/A | N/A |
| Expenses | $91,014 | N/A | N/A |
| Net Income | $65,744 | N/A | N/A |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NICOLE CARPENTER | Chair Elect | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RYAN KILE | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| JESSICA BROWNING | Prior Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRANDON PETERSEN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| NATHAN FULLER | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| LYNN SPENCER | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| SHERI GARZA | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| JUSTIN EATHERLY | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN SEABOLT | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| STARLA HOWELL | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| DEANN SCROGGINS | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JUDY GRIFFIN | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| PHYLLIS LYONS | Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES STROMAN JR | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| CRAIG WOODRING | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| TALANA MORRIS | Vice Chair | 1.00 |
Director
|
$0 | $0 | $0 |
| ANN JOHNSON | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURIE BARKHAM | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| MEG ADAMS | Executive Dir. | 30.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $156,758 | $91,014 | $151,865 | $65,744 |
Compare FORNEY AREA CHAMBER OF COMMERCE with other nonprofits in Texas and across the country.