Civic Intelligence

Walton County Chamber of Commerce Inc

EIN 59-0568662 • 501(c)6 • Santa Rosa Beach, FL

Profile

The walton county chamber of commerce represents the voice of business and our commitment is to our membership and to advocate a positive climate to foster success and strengthen the economic environment

63 South Centre TrailSanta Rosa Beach, FL 32459

www.waltonareachamber.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.51x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.18x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

36th percentile

-0.8%

Higher net margin than 36% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$112,119

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 21.1% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

49th percentile

3.5%

Faster asset growth than 49% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-2.1%

Faster revenue growth than 31% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$193,556

Up $6,516 (+3.5%) from 2023

Liabilities

Up

$97,765

Up $10,532 (+12%) from 2023

Net Assets

Down

$95,791

Down $4,016 (-4.0%) from 2023

Operations
Liabilities / Revenue71st percentileNet Margin36th percentile

Revenue

Down

$532,069

Down $11,520 (-2.1%) from 2023

Expenses

Down

$536,085

Down $3,389 (-0.6%) from 2023

Net Income

Down

-$4,016

Down $8,131 (-198%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth49th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $582,987Liabilities 2010: $458,735Net Assets 2010: $124,2522010Assets 2011: $522,526Liabilities 2011: $365,502Net Assets 2011: $157,0242011Assets 2012: $497,324Liabilities 2012: $362,440Net Assets 2012: $134,8842012Assets 2013: $532,933Liabilities 2013: $353,649Net Assets 2013: $179,2842013Assets 2014: $456,020Liabilities 2014: $382,938Net Assets 2014: $73,0822014Assets 2015: $428,429Liabilities 2015: $366,621Net Assets 2015: $61,8082015Assets 2016: $442,553Liabilities 2016: $326,675Net Assets 2016: $115,8782016Assets 2017: $55,658Liabilities 2017: $22,775Net Assets 2017: $32,8832017Assets 2018: $103,664Liabilities 2018: $36,099Net Assets 2018: $67,5652018Assets 2019: $88,353Liabilities 2019: $23,322Net Assets 2019: $65,0312019Assets 2020: $202,494Liabilities 2020: $132,341Net Assets 2020: $70,1532020Assets 2021: $270,762Liabilities 2021: $94,240Net Assets 2021: $176,5222021Assets 2022: $183,953Liabilities 2022: $88,261Net Assets 2022: $95,6922022Assets 2023: $187,040Liabilities 2023: $87,233Net Assets 2023: $99,8072023Assets 2024: $193,556Liabilities 2024: $97,765Net Assets 2024: $95,7912024

Highlighted filing

2024

Assets$193,556
Liabilities$97,765
Net Assets$95,791
Open 2024 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $731,0592010Expenses 2011: $190,7312011Expenses 2012: $504,8652012Revenue 2013: $538,104Expenses 2013: $493,704Net Income 2013: $44,4002013Revenue 2014: $437,216Expenses 2014: $543,418Net Income 2014: -$106,2022014Revenue 2015: $435,027Expenses 2015: $446,301Net Income 2015: -$11,2742015Revenue 2016: $509,333Expenses 2016: $455,263Net Income 2016: $54,0702016Revenue 2017: $423,582Expenses 2017: $405,489Net Income 2017: $18,0932017Revenue 2018: $520,359Expenses 2018: $485,677Net Income 2018: $34,6822018Revenue 2019: $486,069Expenses 2019: $478,640Net Income 2019: $7,4292019Revenue 2020: $372,202Expenses 2020: $367,080Net Income 2020: $5,1222020Revenue 2021: $554,957Expenses 2021: $448,588Net Income 2021: $106,3692021Revenue 2022: $461,635Expenses 2022: $542,465Net Income 2022: -$80,8302022Revenue 2023: $543,589Expenses 2023: $539,474Net Income 2023: $4,1152023Revenue 2024: $532,069Expenses 2024: $536,085Net Income 2024: -$4,0162024

Highlighted filing

2024

Revenue$532,069
Expenses$536,085
Net Income-$4,016
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$193,556
Liabilities
$97,765
Net assets
$95,791
Revenue
$532,069
Expenses
$536,085
Net income
-$4,016
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.94$0.98$0.96$5.32$5.36$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.87$0.87$1.00$5.44$5.39$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.84$0.88$0.96$4.62$5.42$0.81
2021Detailed filing. Detailed filing data is available for this year.$2.71$0.94$1.77$5.55$4.49$1.06
2020Detailed filing. Detailed filing data is available for this year.$2.02$1.32$0.70$3.72$3.67$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.23$0.65$4.86$4.79$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.04$0.36$0.68$5.20$4.86$0.35
2017Detailed filing. Detailed filing data is available for this year.$0.56$0.23$0.33$4.24$4.05$0.18
2016Detailed filing. Detailed filing data is available for this year.$4.43$3.27$1.16$5.09$4.55$0.54
2015Detailed filing. Detailed filing data is available for this year.$4.28$3.67$0.62$4.35$4.46$0.11
2014Detailed filing. Detailed filing data is available for this year.$4.56$3.83$0.73$4.37$5.43$1.06
2013Detailed filing. Detailed filing data is available for this year.$5.33$3.54$1.79$5.38$4.94$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.97$3.62$1.35$5.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.23$3.66$1.57$1.91
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.83$4.59$1.24$7.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jan 23, 2026
Return Version
2024v5.5
Gross Receipts
$552,374
Mission and Program Overview

Mission

The walton county chamber of commerce represents the voice of business and our commitment is to our membership and to advocate a positive climate to foster success and strengthen the economic environment.

Promote the local community through member activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$99,807$95,791▼ $4,016
Cash and Non-Interest-Bearing Accounts$81,822$81,015▼ $807
Savings and Temporary Cash Investments$10,042$10,049▲ $7
Land, Buildings, and Equipment, Net$1,570$1,523▼ $47
Accounts Receivable-$900-
Prepaid Expenses and Deferred Charges-$647-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$187,040$193,556▲ $6,516
Other Assets Total$93,606$99,422▲ $5,816
Liabilities
Other Liabilities$74,900$74,815▼ $85
Accounts Payable and Accrued Expenses$7,653$17,235▲ $9,582
Deferred Revenue$4,680$5,715▲ $1,035
Total Liabilities$87,233$97,765▲ $10,532
Net Assets / Fund Balance
Total Net Assets Fund Balance$99,807$95,791▼ $4,016
Total Liabilities and Net Assets / Fund Balance$187,040$193,556▲ $6,516

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$172,572$172,572
Buildings$1,523$312$1,835
Other Assets Org$99,422--
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Megan HarrisonPresident/CEO/secretaryFT$112,119$112,119

Board Members and Trustees

NameTitle
Mike StoreyChair
Lane ReddingIncoming Chair
Matthew CarrPast Chair
Amanda FergusonDirector
Bill BlankenDirector
Carly BarnesDirector
Catherine MccloyDirector
Catherine MorganDirector
Chelsea BlaichDirector
Chris StowersDirector
Christine Sutherland LadwigDirector
Collin MccallDirector
Ginny RichersonDirector
Karen MorrisDirector
Kelly JasenDirector
Kim McintoshDirector
Mark WendelDirector
Russell HughesDirector
Ryan CrawfordDirector
Tim ParsonDirector
Trey AbshierDirector
Uriah MatthewsDirector
Robert HahnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$400,591
Program Service Revenue
$93,305
Investment Income
$1,859
Other Revenue
$36,314
All Other Contributions
$9,825
Change in Net Assets
$-4,016
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$298,832
Other Expenses$237,253
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$262,047-$262,047
Occupancy-$56,045-$56,045
Payroll Taxes-$22,790-$22,790
Information Technology-$13,709-$13,709
All Other Expenses-$11,170-$11,170
Travel-$10,435-$10,435
Other Expenses$87,545$9,268-$9,268
Other Employee Benefits-$7,111-$7,111
Pension Plan Contributions-$6,884-$6,884
Fees for Services Accounting-$5,413-$5,413
Interest-$5,188-$5,188
Advertising-$3,882-$3,882
Office Expenses-$2,873-$2,873
Conferences and Meetings-$1,553-$1,553
Insurance-$620-$620
Depreciation Depletion-$47-$47
Total Functional Expenses$87,545$448,540$0$536,085
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,781
Fundraising Direct Expenses$20,305
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$30,781$30,781$16,313$14,468
Total Events$30,781$30,781$20,305$10,476
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Eidl$74,815
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Each year when a board seat becomes vacant, applications are submitted and then a nominating commitee reviews the applications and makes a recommendation to the board. The board then votes on it.”

Form 990, Part VI, Section B, Line 11B

“A copy of form 990 was provided to the organization's governing body before it was filed.”

Form 990, Part VI, Section B, Line 12C

“Through discussions with employees and policy are in place.”

Form 990, Part VI, Section B, Line 15A

“Any increases in the executive directors compensation are determined by the executive committee and an annual review is done.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statement available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Walton County Chamber of Commerce Inc
EIN
59-0568662
Phone
8502670683
Address
63 SOUTH CENTRE TRAIL, SANTA ROSA BEACH, FL 32459

Signing Officer

Name
Megan Harrison
Title
President
Phone
8502670683
Signed
2026-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Harrison
Formed
1985
Legal Domicile
Fl
Voting Board Members
23
Independent Board Members
18
Employees
0
Volunteers
0

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Christine Carter
Phone
8506500125
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2B:

“Walton county chamber of commerce inc uses a peo for payroll. All w-2s and payroll returns are reported under the peo's name and ein: 46-1360933.”

Raw XML AppendixShowing 400 of 588 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0PROMOTE THE LOCAL COMMUNITY THROUGH MEMBER ACTIVITIES
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03882
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IRS990/AllOtherContributionsAmt09825
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt011170
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IRS990/BooksInCareOfDetail/PhoneNum08502670683
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IRS990/Form990PartVIISectionAGrp/PersonNm3MIKE STOREY
IRS990/Form990PartVIISectionAGrp/PersonNm4BILL BLANKEN
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