MIDLAND CHAMBER OF COMMERCE FOUNDATION INC (EIN 752181063) - 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

1987

Legal Domicile

Principal Officer

EVAN THOMAS

Phone

4326833381

Tax Period

2023-10-01 to 2024-09-30

MIDLAND CHAMBER OF COMMERCE FOUNDATION INC, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $906K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $846K left a modest 7% surplus.

Mission

THE MIDLAND CHAMBER OF COMMERCE FOUNDATION PROVIDES VISION AND LEADERSHIP TO STRENGTHEN AND ENHANCE THE QUALITY OF LIFE AND ECONOMIC DEVELOPMENT FOR BUSINESSES AND INDIVIDUALS IN THE COMMUNITY.

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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 $372,000

Program Service Revenue $56,850

Investment Income $119,488

Other Revenue $358,004

TOTAL REVENUE $906,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,882

Other Expenses $846,237

TOTAL EXPENSES $846,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$906,342	$818,952	+0.1%
Expenses	$846,237	$393,132	+1.2%
Net Income	$60,105	$425,820	-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

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

$96,985

Total Directors

$96,985

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABRAHAM GUTIERREZ	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
ADRIAN CARRASCO	VICE CHAIR - BUSINESS SUPP	1.00	Officer Director	$0	$0	$0
BOBBY HULETT	MEMBER AT-LARGE	1.00	Director	$0	$0	$0
BRIAN STUBBS	TREASURER & SECRETARY	1.00	Officer Director	$0	$0	$0
CHAD MCALLASTER	MEMBER AT-LARGE	1.00	Director	$0	$0	$0
COLE HARRISON	VICE CHAIR - ADVOCACY	1.00	Officer Director	$0	$0	$0
DARIN WOOD	VICE CHAIR - COMMUNITY DEV	1.00	Officer Director	$0	$0	$0
EVAN THOMAS	PRESIDENT AND CEO	5.00	Officer Director	$0	$0	$96,985
KENNY LUNDA	VICE CHAIR - PROMOTION	1.00	Officer Director	$0	$0	$0
LARISSA MINJAREZ	MEMBER AT-LARGE	1.00	Director	$0	$0	$0
LAURA ROMAN	MEMBER AT-LARGE	1.00	Director	$0	$0	$0
LUCY SISNIEGA-HOYOS	VICE CHAIR - CHAMBER DEVEL	1.00	Officer Director	$0	$0	$0
MELISSA WICKER	CHAIR-ELECT	2.00	Officer Director	$0	$0	$0
SHAUN RAINEY	CHAIR	1.00	Officer Director	$0	$0	$0
WESLEY BOWNDS	MEMBER AT-LARGE	1.00	Director	$0	$0	$0
ROBERT BURNS	FORMER PRESIDENT AND CEO	10.00		$0	$35,345	$348,473
REBECCA THOMAS	FORMER EXECUTIVE VP ADMINISTRATIO	5.00		$0	$16,225	$151,436

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	$906,342	$846,237	$6,906,642	$60,105
2023	$818,952	$393,132	$6,865,537	$425,820
2022	$2,435,219	$549,047	$6,420,717	$1,886,172
2021	$567,139	$328,324	$4,534,545	$238,815
2020	$596,522	$332,661	$4,295,730	$263,861
2019	$14,179,960	$755,990	$17,258,909	$13,423,970
2018	$792,450	$452,143	$3,834,939	$340,307

MIDLAND CHAMBER OF COMMERCE FOUNDATION INC