Foundation for Chamber Economic Pa… - Form 990 Financial Data

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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

2019

Legal Domicile

Principal Officer

Christopher Langley

Phone

3526298051

Tax Period

2023-01-01 to 2023-12-31

Foundation for Chamber Economic Partnership, founded in 2019, is a small nonprofit in the Human Services sector that reported $298K in total revenue in fiscal year 2023. Expenses of $274K left a modest 8% surplus.

Mission

To promote activities, programs, and initiatives which advance talent development, entrepreneurship, and leadership in the Ocala Metro Area

Program Service Accomplishments

Program 1

Expenses: $188,263 Revenue: $0

To promote activities, programs, and initiatives which advance talent development, entrepreneurship and leadership in the Ocala Metro Area

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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 $294,361

Program Service Revenue $0

Investment Income $3,844

Other Revenue $0

TOTAL REVENUE $298,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $451

Program Expenses $188,263

Other Expenses $274,066

TOTAL EXPENSES $274,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,205	$298,693	0.0%
Expenses	$274,066	$82,115	+2.3%
Net Income	$24,139	$216,578	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Langley	Chairman	5.00	Officer	$0	$0	$0
Dwayne Carlton	Secretary	5.00	Officer	$0	$0	$0
Navroz Saju	Treasurer	5.00	Officer	$0	$0	$0
Douglas Cone	Director	5.00	Director	$0	$0	$0
Charisse Rivers	Director	5.00	Director	$0	$0	$0
Ken Ausley	Director	5.00	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	$298,205	$274,066	$464,944	$24,139
2022	$298,693	$82,115	$331,140	$216,578

Foundation for Chamber Economic Partnership