GALVESTON CHAMBER PARTNERSHIP INC (EIN 760364151) - 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

1991

Legal Domicile

Principal Officer

GINA SPAGNOLA

Phone

4097635326

Tax Period

2024-01-01 to 2024-12-31

GALVESTON CHAMBER PARTNERSHIP INC, founded in 1991, is a small nonprofit in the Community Improvement sector that reported $159K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

TO PROMOTE AND ADVOCATE FOR BUSINESS AND COMMUNITY DEVELOPMENT. TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING THE SOLICITATION AND DISTRIBUTION OF FUNDS OR OTHER PROPERTY FOR SUCH PURPOSES TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $159,184

Program Service Revenue $0

Investment Income $33

Other Revenue $0

TOTAL REVENUE $159,217

Expense Breakdown

Grants Paid $91,414

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,945

Other Expenses $79,531

TOTAL EXPENSES $170,945

Year-over-Year Comparison

	2024	2023	Change
Revenue	$159,217	$184,371	-0.1%
Expenses	$170,945	$213,114	-0.2%
Net Income	$-11,728	$-28,743	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH BASSETT	PAST CHAIR	2.00	Director	$0	$0	$0
MICHELLE BECKWITH	DIRECTOR	1.00	Director	$0	$0	$0
HOWIE BENTLEY	DIRECTOR	1.00	Director	$0	$0	$0
JAY CARNES	TREASURER	2.00	Officer Director	$0	$0	$0
JAMES CLARK	DIRECTOR	1.00	Director	$0	$0	$0
JAN COLLIER	DIRECTOR	1.00	Director	$0	$0	$0
BILLY COLZTER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE CONNER	DIRECTOR	1.00	Officer Director	$0	$0	$0
NICK DROEGE	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE FORTENBERRY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIS GANDHI	DIRECTOR	1.00	Director	$0	$0	$0
KEITH GRAY	CHAIR ELECT	2.00	Director	$0	$0	$0
RAZ HALILI	DIRECTOR	1.00	Director	$0	$0	$0
ATUL JAIN	DIRECTOR	1.00	Director	$0	$0	$0
GARRY KAUFMAN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI KONCABA	DIRECTOR	1.00	Director	$0	$0	$0
DR ABEL LONGORIA	DIRECTOR	1.00	Director	$0	$0	$0
CONCETTA MACEO-SIMS	DIRECTOR	1.00	Director	$0	$0	$0
CAPT RYAN MALCOLM	DIRECTOR	1.00	Director	$0	$0	$0
MARTY MILES	DIRECTOR	1.00	Director	$0	$0	$0
LINH NGUYEN	DIRECTOR	1.00	Director	$0	$0	$0
MAGEN MOORE ORTIZ	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON OSBORN	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN PATTON	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN PENA	DIRECTOR	1.00	Director	$0	$0	$0
CB BIX RATHBURN PHD	DIRECTOR	1.00	Director	$0	$0	$0
VIC PIERSON	DIRECTOR	1.00	Director	$0	$0	$0
FRED RASCHKE	DIRECTOR	1.00	Director	$0	$0	$0
ROGER REES	DIRECTOR	1.00	Director	$0	$0	$0
MARIE ROBB	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY SMECCA	DIRECTOR	1.00	Director	$0	$0	$0
JOHNNY SMECCA	DIRECTOR	1.00	Director	$0	$0	$0
GINA SPAGNOLA	PRESIDENT, C	40.00	Officer Director	$0	$0	$0
TODD SULLIVAN	DIRECOTR	1.00	Director	$0	$0	$0
TERRILYN TARLTON-SHANNON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN VENABLE	DIRECOTR	1.00	Director	$0	$0	$0
KEITH ZAHAR	BOARD CHAIR	3.00	Officer Director	$0	$0	$0

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	$159,217	$170,945	$62,448	$-11,728
2023	$184,371	$213,114	$74,971	$-28,743
2022	$196,643	$157,061	$118,408	$39,582
2021	$120,298	$97,255	$99,957	$23,043
2020	$192,330	$148,483	$75,370	$43,847
2019	$143,211	$53,648	$134,264	$89,563
2018	$118,918	$67,550	$99,371	$51,368

GALVESTON CHAMBER PARTNERSHIP INC