RIVER REGION CHAMBER OF COMMERCE INC (EIN 810640374) - 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

2004

Legal Domicile

Principal Officer

CHASSITY MCCOMACK

Tax Period

2023-01-01 to 2023-12-31

RIVER REGION CHAMBER OF COMMERCE INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $302K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $263K left a modest 13% surplus.

Mission

GROW, STRENGTHEN, AND UNIFY BUSINESSES IN THE RIVER REGION BY BUILDING RELATIONSHIPS TO ADVOCATE FOR A PRO-BUSINESS ENVIRONMENT IN ST. JAMES, ST. JOHN, AND ST. CHARLES PARISHES, BY SERVING AS THE VOICE OF ALL BUSINESS IN THE RIVER REGION, AND BY BEING THE CATALYST FOR BUSINESS

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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 $117,840

Program Service Revenue $172,730

Investment Income $5,759

Other Revenue $5,325

TOTAL REVENUE $301,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,010

Fundraising Expenses $0

Other Expenses $150,651

TOTAL EXPENSES $262,661

Year-over-Year Comparison

	2023	2022	Change
Revenue	$301,654	$259,765	+0.2%
Expenses	$262,661	$287,402	-0.1%
Net Income	$38,993	$-27,637	-2.4%

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

$80,904

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHASSITY MCCOMACK	EXECUTIVE DIRECTOR	40.00	Officer	$71,586	$9,318	$80,904
ERIC CARTER SR	DIRECTOR	0.30	Director	$0	$0	$0
TRICIA THOMPSON	DIRECTOR	0.30	Director	$0	$0	$0
BUB MILLET	DIRECTOR	0.30	Director	$0	$0	$0
MICHELE MILLET	DIRECTOR	0.30	Director	$0	$0	$0
RENE OCKMAN	DIRECTOR	0.30	Director	$0	$0	$0
CHRIS POCHE	DIRECTOR	0.30	Director	$0	$0	$0
JARRETT FUSELIER	DIRECTOR	0.30	Director	$0	$0	$0
AMY THIBODEAUX	DIRECTOR	0.30	Director	$0	$0	$0
KYLE GREER	DIRECTOR	0.30	Director	$0	$0	$0
FLO DUMAS	DIRECTOR	0.30	Director	$0	$0	$0
DAYNA JAMES	DIRECTOR	0.30	Director	$0	$0	$0
AARON CANCIENNE	TREASURER	0.30	Officer Director	$0	$0	$0
SCOTT BURTON SR	PAST CHAIR	0.30	Officer Director	$0	$0	$0
DIANE JACKSON	CHAIR	0.30	Officer Director	$0	$0	$0
LIBBY HOTARD	VICE-CHAIR	0.30	Officer Director	$0	$0	$0
LAWRENCE GARRISON	SECRETARY	0.30	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	No data	No data	No data	No data
2023	$301,654	$262,661	$833,850	$38,993
2022	$259,765	$287,402	$765,613	$-27,637
2021	$300,218	$257,253	$742,912	$42,965
2020	$288,083	$252,051	$721,716	$36,032
2019	$283,859	$305,476	$680,856	$-21,617
2018	$357,142	$258,471	$714,388	$98,671

RIVER REGION CHAMBER OF COMMERCE INC