KENNEBEC VALLEY CHAMBER OF COMMERCE (EIN 010022415) - 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

1932

Legal Domicile

Principal Officer

MATTHEW TARDIFF

Phone

2076234559

Tax Period

2024-01-01 to 2024-12-31

KENNEBEC VALLEY CHAMBER OF COMMERCE, founded in 1932, is a small nonprofit that reported $677K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

ENHANCING QUALITY OF LIFE IN THE KENNEBEC VALLEY BY STRENGTHENING OUR REGIONAL ECONOMY.

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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 $227,533

Program Service Revenue $260,766

Investment Income $222

Other Revenue $188,478

TOTAL REVENUE $676,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $437,560

Fundraising Expenses $49,546

Program Expenses $566,689

Other Expenses $268,043

TOTAL EXPENSES $705,603

Year-over-Year Comparison

	2024	2023	Change
Revenue	$676,999	$626,160	+0.1%
Expenses	$705,603	$619,584	+0.1%
Net Income	$-28,604	$6,576	-5.3%

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

Employees

Volunteers

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

$147,006

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE DOHERTY	PRESIDENT &	40.00	Officer	$138,999	$8,007	$147,006
RANDALL ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
KAREN E BOSTON	DIRECTOR	0.50	Director	$0	$0	$0
NATHAN COTNOIR	DIRECTOR	0.50	Director	$0	$0	$0
LORI DUBE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SUE GRENIER	DIRECTOR	0.50	Director	$0	$0	$0
ERIC JERMYN	DIRECTOR	0.50	Director	$0	$0	$0
EARL KINGSBURY	DIRECTOR	0.50	Director	$0	$0	$0
ROBBI LOCKHART	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN MARSON	DIRECTOR	0.50	Director	$0	$0	$0
AMY MARSTON	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
NICOLE MCSWEENEY	DIRECTOR	0.50	Director	$0	$0	$0
STACEY L MORRISON	DIRECTOR	0.50	Director	$0	$0	$0
MICHELE PELLETIER	CHAIR	2.00	Officer Director	$0	$0	$0
REBECCA PUSHARD	DIRECTOR	0.50	Director	$0	$0	$0
LYNN QUIRION	DIRECTOR	0.50	Director	$0	$0	$0
ALEC ROGERS	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW SILSBY	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW TARDIFF	TREASURER	2.00	Officer Director	$0	$0	$0
TIM WALTON	PAST CHAIR	0.50	Officer Director	$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	$676,999	$705,603	$555,455	$-28,604
2023	$626,160	$619,584	$602,885	$6,576
2022	$512,008	$506,648	$553,893	$5,360
2021	$454,098	$362,785	$554,356	$91,313
2020	$421,907	$421,596	$444,890	$311
2019	$505,744	$472,545	$443,639	$33,199
2018	$514,222	$474,321	$546,429	$39,901

KENNEBEC VALLEY CHAMBER OF COMMERCE