Civic Intelligence

Walton County Chamber of Commerce Inc

990 • Fiscal year 2023 • EIN 59-0568662

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2025

Organization ProfileWWW.WALTONAREACHAMBER.COM
63 South Centre TrailSanta Rosa Beach, FL 32459

(850) 267-0683

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.47x

Higher debt load relative to assets than 87% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.16x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

42nd percentile

0.8%

Higher net margin than 42% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$112,199

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 20.6% of source-year revenue.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Asset Growth

43rd percentile

1.7%

Faster asset growth than 43% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

68th percentile

18%

Faster revenue growth than 68% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$187,040

Up $3,087 (+1.7%) from 2022

Net Assets

Up

$99,807

Up $4,115 (+4.3%) from 2022

Liabilities

Down

$87,233

Down $1,028 (-1.2%) from 2022

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin42nd percentile

Revenue

Up

$543,589

Up $81,954 (+18%) from 2022

Expenses

Down

$539,474

Down $2,991 (-0.6%) from 2022

Net Income

Up

$4,115

Up $84,945 (+105%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2023

Assets$187,040
Liabilities$87,233
Net Assets$99,807
Open 2023 Filing

Operations Trend

Revenue Growth68th percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$543,589
Expenses$539,474
Net Income$4,115
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$555,265
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$95,692$99,807▲ $4,115
Cash and Non-Interest-Bearing Accounts$80,633$81,822▲ $1,189
Savings and Temporary Cash Investments$20,032$10,042▼ $9,990
Land, Buildings, and Equipment, Net$1,694$1,570▼ $124
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$183,953$187,040▲ $3,087
Other Assets Total$81,594$93,606▲ $12,012
Liabilities
Other Liabilities$74,900$74,900→ $0
Accounts Payable and Accrued Expenses$12,571$7,653▼ $4,918
Deferred Revenue$790$4,680▲ $3,890
Total Liabilities$88,261$87,233▼ $1,028
Net Assets / Fund Balance
Total Net Assets Fund Balance$95,692$99,807▲ $4,115
Total Liabilities and Net Assets / Fund Balance$183,953$187,040▲ $3,087

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$172,572$172,572
Buildings$1,570$265$1,835
Other Assets Org$93,606--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Megan HarrisonPresident/CEO/secretaryFT$112,199$112,199

Board Members and Trustees

NameTitle
Matthew CarrChair
Mike StoreyIncoming Chair
Nathan CordlePast Chair
Amanda FergusonDirector
Audie RowellDirector
Bryan WalrathDirector
Bryce JarvisDirector
Carly BarnesDirector
Catherine MccloyDirector
Catherine MorganDirector
Chelsea BlaichDirector
Chris StowersDirector
Emily CowanDirector
Ginny RichersonDirector
Graham Campbell-workDirector
Jane KerriganDirector
Justin PhelpsDirector
Karen MorrisDirector
Kelvin CrystalDirector
Kim McintoshDirector
Lane ReddingDirector
Nanci SpearsDirector
Robert HahnDirector
Russell HughesDirector
Ryan CrawfordDirector
Stacey McgilvrayDirector
Terry MauerDirector
Tim ParsonDirector
Uriah MatthewsDirector
Janet PiepulMembership
Letha HinoteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$357,295
Program Service Revenue
$129,323
Investment Income
$1,030
Other Revenue
$55,941
All Other Contributions
$9,811
Change in Net Assets
$4,115
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$277,453
Other Expenses$262,021
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$242,326-$242,326
Occupancy-$53,128-$53,128
Payroll Taxes-$21,571-$21,571
All Other Expenses-$16,387-$16,387
Information Technology-$15,688-$15,688
Fees for Services Other-$13,321-$13,321
Other Expenses$93,705$8,476-$8,476
Other Employee Benefits-$7,327-$7,327
Pension Plan Contributions-$6,229-$6,229
Interest-$5,769-$5,769
Travel-$5,593-$5,593
Fees for Services Accounting-$5,417-$5,417
Insurance-$4,864-$4,864
Office Expenses-$2,967-$2,967
Advertising-$740-$740
Depreciation Depletion-$124-$124
Total Functional Expenses$93,705$445,769$0$539,474
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$44,668
Fundraising Direct Expenses$11,676
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$44,668$44,668$3,964$40,704
Total Events$44,668$44,668$11,676$32,992
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Eidl$74,900
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
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Harrison
Formed
1985
Legal Domicile
Fl
Voting Board Members
32
Independent Board Members
27
Employees
0
Volunteers
0

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Samuel T Boerma
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 647 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT/CEO/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$187,040
Liabilities
$87,233
Net assets
$99,807
Revenue
$543,589
Expenses
$539,474
Net income
$4,115
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)6 • $500k-$1M nonprofits