SAN ANGELO CHAMBER OF COMMERCE INC

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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

1991

Legal Domicile

Principal Officer

EDWARD WALT KOENIG III

Phone

3256554136

Tax Period

2023-01-01 to 2023-12-31

SAN ANGELO CHAMBER OF COMMERCE INC, founded in 1991, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023.

Mission

TO ENHANCE THE BUSINESS ENVIRONMENT OF TOM GREEN COUNTY IN ORDER TO PROMOTE THE ECONOMIC WELL-BEING OF ITS CITIZENS, TO IMPROVE THE QUALITY OF LIFE FOR THE ENTIRE COMMUNITY, AND TO COMMUNICATE THE VIEW OF THE BUSINESS COMMUNITY ON MAJOR ISSUES OF PUBLIC POLICY.

Program Service Accomplishments

Program 1

Expenses: $472,303 Revenue: $718,981

ECONOMIC DEVELOPMENT

Program 2

Expenses: $833,477 Revenue: $11,926

CONVENTION AND VISITOR'S BUREAU

Program 3

Expenses: $780,889 Revenue: $41,732

COMMUNITY DEVELOPMENT

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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 $1,491,378

Program Service Revenue $718,981

Investment Income $6,928

Other Revenue $55,583

TOTAL REVENUE $2,272,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,194,992

Fundraising Expenses $0

Program Expenses $2,147,844

Other Expenses $1,298,858

TOTAL EXPENSES $2,493,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,272,870	$2,169,327	+0.0%
Expenses	$2,493,850	$2,358,981	+0.1%
Net Income	$-220,980	$-189,654	+0.2%

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

$172,163

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY BROOKS	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
BRIDGET CARR	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
CHRIS EVATT	CHAIR ELECT	5.00	Officer Director	$0	$0	$0
JANET KARCHER	IMMEDIATE PAST CHAIR	5.00	Officer Director	$0	$0	$0
FLOR LEOS	DIRECTOR	5.00	Director	$0	$0	$0
RODERICK MAYBERRY	DIRECTOR	5.00	Director	$0	$0	$0
KENDAL HIRSCFELD	DIRECTOR	5.00	Director	$0	$0	$0
BRITTTNEY REICHENAU	DIRECTOR	5.00	Director	$0	$0	$0
MICHELE BABAISH	DIRECTOR	5.00	Director	$0	$0	$0
JUSTIN DELOACH	DIRECTOR	5.00	Director	$0	$0	$0
ANDI MARKEE	DIRECTOR	5.00	Director	$0	$0	$0
RICKY VILLAREAL	DIRECTOR	5.00	Director	$0	$0	$0
RYAN ALBERT	DIRECTOR	5.00	Director	$0	$0	$0
JULIE EFFERSON	DIRECTOR	5.00	Director	$0	$0	$0
LYNSEY FLAGE	DIRECTOR	5.00	Director	$0	$0	$0
JOHN MARK HOGG	DIRECTOR	5.00	Director	$0	$0	$0
JOSH TANNER	DIRECTOR	5.00	Director	$0	$0	$0
JOE THIEMAN	DIRECTOR	5.00	Director	$0	$0	$0
JAMES SKINNER	DIRECTOR	40.00	Director	$0	$0	$0
WALT KOENIG	PRESIDENT	40.00	Officer	$146,982	$25,181	$172,163
MICHAEL LOONEY	VICE PRESIDENT OF ECONOMIC	40.00	Highest	$118,721	$7,718	$126,439

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	$2,272,870	$2,493,850	$1,195,038	$-220,980
2023	No data	No data	No data	No data
2022	No data	No data	No data	No data
2022	$2,169,327	$2,358,981	$1,163,043	$-189,654
2021	$1,953,531	$2,283,993	$1,355,530	$-330,462
2020	$1,804,747	$1,662,750	$1,597,845	$141,997
2019	$1,191,042	$1,857,338	$1,508,257	$-666,296
2018	$1,882,817	$1,863,203	$2,255,373	$19,614