OLD ORCHARD BEACH CHAMBER OF COMME… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

MIKE HALLE

Phone

2079342500

Tax Period

2023-01-01 to 2023-12-31

OLD ORCHARD BEACH CHAMBER OF COMMERCE, founded in 1949, is a small nonprofit that reported $208K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $257K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE ORGANIZATION DEFINES AND DEVELOPS ACTIVITIES AND PROGRAMS TO EXPAND BUSINESS OPPORTUNITIES AND ECONOMIC ACTIVITY IN AND AROUND THE OLD ORCHARD BEACH AREA. THE ORGANIZATION IS ALSO A VEHICLE THROUGH WHICH RESOURCES CAN BE MARSHALED TO PROMOTE AND MAINTAIN A FAVORABLE QUALITY OF LIFE FOR CITIZENS AND VISITORS ALIKE.

Program Service Accomplishments

Program 1

ORGANIZATION COORDINATED PRODUCTION OF SEVERAL ADVERTISING CAMPAIGNS FOR ITS MEMBERS (VACATION PLANNER AND MAINE INVITES YOU CAMPAIGNS).

Program 2

ORGANIZATION COORDINATED THE PRODUCTION OF SEVERAL COMMUNITY EVENTS WHICH SERVED TO BENEFIT THE BUSINESS AND ECONOMIC CLIMATE OF THE AREA.

Program 3

ORGANIZATION MAINTAINED YEAR ROUND OFFICE PROVIDING ASSISTANCE TO MEMBER BUSINESSES AND RESPONDED TO THOUSANDS OF REQUESTS FOR VISITOR INFORMATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $196,486

Investment Income $1,357

Other Revenue $10,477

TOTAL REVENUE $208,320

Expense Breakdown

Grants Paid $512

Salaries & Benefits $115,049

Fundraising Expenses $0

Other Expenses $140,969

TOTAL EXPENSES $256,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,320	$235,096	-0.1%
Expenses	$256,530	$250,914	+0.0%
Net Income	$-48,210	$-15,818	+2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STERLING MORSE	DIRECTOR	1.00	Director	$0	$0	$0
SEAN NICKLESS	BOARD REPRES	2.00	Officer Director	$0	$0	$0
COLIN PATTON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HALLE	PRESIDENT	3.00	Officer Director	$0	$0	$0
KARA POULIN	DIRECTOR	1.00	Director	$0	$0	$0
PHIL SMITH	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MICHAEL RAGUE	TREASURER	2.00	Officer Director	$0	$0	$0
ERICA STAGG	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA GEARY	DIRECTOR	1.00	Director	$0	$0	$0
ANNA AYOTTE	DIRECTOR	1.00	Director	$0	$0	$0
ALISON COURTOIS	DIRECTOR	1.00	Director	$0	$0	$0
LISA KIDD	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY CARABATSOS	ALTERNATE	1.00	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	No data	No data	No data	No data
2023	$208,320	$256,530	$287,633	$-48,210
2022	$235,096	$250,914	$327,743	$-15,818
2021	$255,409	$256,864	$345,472	$-1,455
2020	$202,977	$226,631	$446,222	$-23,654
2019	$270,807	$300,790	$340,587	$-29,983

OLD ORCHARD BEACH CHAMBER OF COMMERCE