GREATER FLORENCE CHAMBER OF COMMERCE INC

EIN: 860683213

FLORENCE, AZ

Total Revenue
$191,273
Total Expenses
$193,748
Total Assets
$62,806
Net Assets
$62,152
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
AZ
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.

Program Service Accomplishments

Program 1
Expenses: $29,654 Revenue: $5,515

THE GREATER FLORENCE CHAMBER OF COMMERCE OPERATES A VISITOR CENTER AT MCFARLAND STATE HISTORIC PARK. IN 2023 THE VISITOR CENTER AND MCFARLAND STATE PARK SERVED 10,076 INDIVIDUALS - 5,914 IN-STATE...

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THE GREATER FLORENCE CHAMBER OF COMMERCE OPERATES A VISITOR CENTER AT MCFARLAND STATE HISTORIC PARK. IN 2023 THE VISITOR CENTER AND MCFARLAND STATE PARK SERVED 10,076 INDIVIDUALS - 5,914 IN-STATE VISITORS, 3,375 OUT-OF-STATE VISITORS, AND 787 INTERNATIONAL VISITORS. THE VISITOR CENTER SERVES AS AN INITIAL INTRODUCTION TO FLORENCE AND THE SURROUNDING AREA, PROVIDING INFORMATION - BOTH TOURISM-RELATED AND RE-LOCATION INFORMATION PACKETS - FREE OF CHARGE. FOR A SMALL ADDITIONAL ENTRANCE FEE VISITORS MAY CHOOSE TO SELF-TOUR MCFARLAND STATE HISTORIC PARK, THE ORIGINAL PINAL COUNTY COURTHOUSE THAT WAS BUILT IN 1878 FROM ADOBE BRICKS AND LUMBER HAULED FROM NORTHERN ARIZONA. EXHIBITS ALLOW VISITORS TO SEE AND FEEL FOR THEMSELVES THE HISTORY OF FLORENCE AND THE PEOPLE WHO HELPED SHAPE IT.

Program 2
Expenses: $14,936 Revenue: $28,532

THE GREATER FLORENCE CHAMBER OF COMMERCE HOSTED THE MEMORIES ON MAIN CLASSICS AND CUSTOMS CAR AND BIKE SHOW; A ONE DAY ONLY EVENT. APPROXIMATELY 400 EXHIBITORS FROM AROUND THE US PARKED THEIR CLASSIC...

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THE GREATER FLORENCE CHAMBER OF COMMERCE HOSTED THE MEMORIES ON MAIN CLASSICS AND CUSTOMS CAR AND BIKE SHOW; A ONE DAY ONLY EVENT. APPROXIMATELY 400 EXHIBITORS FROM AROUND THE US PARKED THEIR CLASSIC AND CUSTOM RIDES ON HISTORIC MAIN STREET IN DOWNTOWN FLORENCE AND SHOWED THEM OFF TO THE ESTIMATED 4,000 SPECTATORS. IN ADDITION TO THE CAR SHOW, THE ATTENDEES WERE ENTERTAINED WITH LIVE MUSIC AND HAD AMPLE OPPORTUNITY TO SHOP AND EAT WITH THE VARIOUS VENDORS AND MAIN STREET STOREFRONT BUSINESSES AND RESTAURANTS. DRAWING A CROWD OF APPROXIMATELY 4,000 TO DOWNTOWN HISTORIC FLORENCE WAS OF GREAT ECONOMIC BENEFIT TO FLORENCE BUSINESS OWNERS. IN ADDITION, MANY ATTENDEES WERE FIRST-TIME VISITORS TO FLORENCE SO THIS WAS AN OPPORTUNITY TO INTRODUCE THEM TO FLORENCE BUSINESSES THAT THEY MAY CHOOSE TO COME PATRONIZE AGAIN IN FUTURE.

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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%)

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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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Governance

Voting Members
5
Independent Members
5
Employees
4
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
3
$0
Total Directors
3
$60,000
Key Employees
0
$0
Highest Compensated
1
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
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