GREATER FLORENCE CHAMBER OF COMMERCE INC (EIN 860683213) - 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

1992

Legal Domicile

Principal Officer

BRIAN MARTINEAU

Tax Period

2023-01-01 to 2023-12-31

GREATER FLORENCE CHAMBER OF COMMERCE INC, founded in 1992, is a small nonprofit that reported $191K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

THE GREATER FLORENCE CHAMBER OF COMMERCE PROMOTES, UNITES, AND ADVOCATES FOR OUR BUSINESS MEMBERS TO ACHIEVE ECONOMIC GROWTH AND PROSPERITY.

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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 $142,617

Program Service Revenue $40,376

Investment Income $3

Other Revenue $8,277

TOTAL REVENUE $191,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,287

Fundraising Expenses $27,050

Program Expenses $129,048

Other Expenses $52,244

TOTAL EXPENSES $193,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,273	$203,977	-0.1%
Expenses	$193,748	$191,845	+0.0%
Net Income	$-2,475	$12,132	-1.2%

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

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

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER C BIEDE III	EXECUTIVE DIRECTOR	40.00	Director Highest	$60,000	$0	$60,000
SANDRA MITCHELL	DIRECTOR	5.00	Director	$0	$0	$0
DERRICK GLUM	DIRECTOR	5.00	Director	$0	$0	$0
RITA RESNICK	TREASURER 2023	0.00	Officer	$0	$0	$0
BRIAN MARTINEAU	CHAIRPERSON	5.00	Officer	$0	$0	$0
SOPHIE DESSART	SECRETARY	5.00	Officer	$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
2023	$191,273	$193,748	$62,806	$-2,475
2022	$203,977	$191,845	$69,038	$12,132
2021	$185,621	$173,509	$56,732	$12,112

GREATER FLORENCE CHAMBER OF COMMERCE INC