DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC (EIN 873851057) - 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

2021

Principal Officer

JUSTIN FUSSELL

Phone

8634944033

Tax Period

2024-01-01 to 2024-12-31

DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC, founded in 2021, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $22K in total revenue in fiscal year 2024. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $36K exceeded revenue, resulting in a 62% operating deficit.

Mission

ADVANCE, SUPPORT, AND MAINTAIN EDUCATIONAL AND CULTURAL ACTIVITIES TO PROMOTE THE COMMUNITY INTERESTS OF DESOTO COUNTY, AND TO DO AND PERFORM ALL ACTS NECESSARY FOR THE ACCOMPLISHMENT OF SAID OBJECTS AND PURPOSES IN KEEPING WITH THE PROVISION OF SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE.

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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 $3,260

Program Service Revenue $0

Investment Income $1,340

Other Revenue $17,490

TOTAL REVENUE $22,090

Expense Breakdown

Grants Paid $31,264

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,759

Other Expenses $4,495

TOTAL EXPENSES $35,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,090	$135,601	-0.8%
Expenses	$35,759	$125,073	-0.7%
Net Income	$-13,669	$10,528	-2.3%

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

N/A

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
JUSTIN FUSSELL	PRESIDENT	5.00	Officer Director	$0	$0	$0
SARAH HIPP	SECRETARY	5.00	Officer Director	$0	$0	$0
ORALIA RAMIREZ	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
ASHLEY DELUCA	TRESURER	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
2024	$22,090	$35,759	$57,115	$-13,669
2023	$135,601	$125,073	$70,784	$10,528
2022	$90,547	$30,291	$60,256	$60,256
2021	No data	No data	No data	No data

DESOTO COUNTY CHAMBER OF COMMERCE FOUNDATION INC