FRISCO 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

1970

Legal Domicile

Principal Officer

CHRISTAL HOWARD

Phone

9723359522

Tax Period

2023-01-01 to 2023-12-31

FRISCO CHAMBER OF COMMERCE, founded in 1970, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023.

Mission

THE FRISCO CHAMBER OF COMMERCE IS A VOLUNTARY MEMBER BASED ORGANIZATION OF BUSINESS AND PROFESSIONAL MEN AND WOMEN WHO HAVE JOINED TOGETHER FOR THE PURPOSE OF PROMOTING THE CIVIC AND BUSINESS COMMUNITY. THE CHAMBER STRIVES TO DEVELOP STRONG BUSINESSES AND VIBRANT ECONOMY THROUGH BUSINESS ADVOCACY AND LEADERSHIP, THROUGH PROGRAMS SUCH AS NETWORKING, COMMITTEES, MEMBERSHIP MEETINGS AND BUSINESS EDUCATIONAL PROGRAMS. THE FRISCO CHAMBER'S GOAL IS TO "EMPOWER YOUR SUCCESS".

Program Service Accomplishments

Program 1

Expenses: $50,499 Revenue: $78,320

THE FRISCO CHAMBER OF COMMERCE GOLF TOURNAMENT PROVIDED THE OPPORTUNITY FOR LOCAL BUSINESSES TO BUILD POSITIVE RELATIONSHIPS WITHIN THE BUSINESS COMMUNITY. REVENUE $78,320 WITH DIRECT EXPENDITURES...

THE FRISCO CHAMBER OF COMMERCE GOLF TOURNAMENT PROVIDED THE OPPORTUNITY FOR LOCAL BUSINESSES TO BUILD POSITIVE RELATIONSHIPS WITHIN THE BUSINESS COMMUNITY. REVENUE $78,320 WITH DIRECT EXPENDITURES $50,499.

Program 2

Expenses: $149,175 Revenue: $185,196

EACH YEAR, THE FRISCO CHAMBER OF COMMERCE RECOGNIZES OUTSTANDING ENTITIES AND INDIVIDUALS AT ITS ANNUAL GALA, ATTENDED BY OVER 600 INFLUENTIAL LOCAL LEADERS. NOMINATIONS ARE REVIEWED BY A DIVERSE...

EACH YEAR, THE FRISCO CHAMBER OF COMMERCE RECOGNIZES OUTSTANDING ENTITIES AND INDIVIDUALS AT ITS ANNUAL GALA, ATTENDED BY OVER 600 INFLUENTIAL LOCAL LEADERS. NOMINATIONS ARE REVIEWED BY A DIVERSE COMMITTEE OF BUSINESS PROFESSIONALS. BESIDES STANDARD AWARDS, THE CHAMBER'S PRESIDENT AND CHAIR EACH HONOR A SIGNIFICANT CONTRIBUTOR TO THE CHAMBER. NOMINATIONS OPEN EVERY FALL. REVENUE $185,196 WITH DIRECT EXPENDITURES $149,175

Program 3

Expenses: $68,627 Revenue: $132,000

THE LEADERSHIP EXCHANGE TRIP PROVIDES ATTENDEES WITH UNPARALLELED LEARNING AND NETWORKING OPPORTUNITIES, TAILORED FOR THOSE EAGER TO SHAPE FRISCO'S FUTURE. BY ENGAGING IN SPECIALIZED WORKSHOPS AND...

THE LEADERSHIP EXCHANGE TRIP PROVIDES ATTENDEES WITH UNPARALLELED LEARNING AND NETWORKING OPPORTUNITIES, TAILORED FOR THOSE EAGER TO SHAPE FRISCO'S FUTURE. BY ENGAGING IN SPECIALIZED WORKSHOPS AND CONNECTING WITH COMMUNITY LEADERS, PARTICIPANTS ACQUIRE TOOLS AND INSIGHTS TO DRIVE POSITIVE CHANGE. REVENUE $132,000 WITH DIRECT EXPENDITURES $68,627.

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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 $763,846

Program Service Revenue $728,474

Investment Income $3,601

Other Revenue $67,599

TOTAL REVENUE $1,563,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $846,985

Fundraising Expenses $0

Program Expenses $1,225,271

Other Expenses $714,539

TOTAL EXPENSES $1,561,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,563,520	$1,630,790	0.0%
Expenses	$1,561,524	$1,345,987	+0.2%
Net Income	$1,996	$284,803	-1.0%

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

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

$149,679

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN NEWKIRK	DIRECTOR	2.30	Director	$0	$0	$0
SUAD BEJTOVIC	DIRECTOR	2.30	Director	$0	$0	$0
MATTHEW REITER	PAST CHAIR	2.30	Officer Director	$0	$0	$0
BRETT LEE	TREASURER	2.30	Officer Director	$0	$0	$0
MIKE BARBER	PAST CHAIR	2.30	Officer Director	$0	$0	$0
MEGAN NGUYEN TRINH	AT LARGE	2.30	Officer Director	$0	$0	$0
BRIAN WYSONG	DIRECTOR	2.30	Director	$0	$0	$0
JEREMY HOWELL	AT LARGE	2.30	Officer Director	$0	$0	$0
TERRI PATERSON MCELHANEY	DIRECTOR	2.30	Director	$0	$0	$0
CHAD STERLING	CHAIR ELECT	2.30	Officer Director	$0	$0	$0
ASHLEY MILLER	CHAIR	2.30	Officer Director	$0	$0	$0
AMANDA LAGAN	DIRECTOR	2.30	Director	$0	$0	$0
BARBARA MILO	SECRETARY	2.30	Officer Director	$0	$0	$0
SHANTHI RAJARAM	DIRECTOR	2.30	Director	$0	$0	$0
JEFF SMILTH	DIRECTOR	2.30	Director	$0	$0	$0
SCOTT BURCHETT	DIRECTOR	2.30	Director	$0	$0	$0
RYAN GEBHART	DIRECTOR	2.30	Director	$0	$0	$0
SUSAN HOLMES	DIRECTOR	2.30	Director	$0	$0	$0
CHRISTAL L HOWARD	CEO/PRESIDENT	40.00	Officer	$145,756	$3,923	$149,679
ANTHONY TONY FELKER	PRESIDENT/CEO	40.00	Highest	$116,800	$10,344	$127,144

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	No data	No data	No data	No data
2023	$1,563,520	$1,561,524	$1,281,830	$1,996
2022	$1,630,790	$1,345,987	$1,282,522	$284,803
2021	$1,263,499	$1,170,708	$1,136,777	$92,791
2020	$1,087,819	$1,031,624	$1,097,853	$56,195
2019	$1,426,106	$1,386,790	$1,024,993	$39,316
2018	$1,312,268	$1,190,987	$1,062,972	$121,281