BOOTHBAY HARBOR REGION CHAMBER OF COMMERCE (EIN 010220724) - 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

1962

Legal Domicile

Principal Officer

LISA WALBY

Phone

2076332353

Tax Period

2023-11-01 to 2024-10-31

BOOTHBAY HARBOR REGION CHAMBER OF COMMERCE, founded in 1962, is a small nonprofit that reported $346K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

PROMOTION OF THE BOOTHBAY HARBOR AREA OF MAINE FOR TOURISM AND INDUSTRY AND MAINTENANCE OF A REGIONAL INFORMATION CENTER FOR THE GENERAL PUBLIC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $301,025

Program Service Revenue $41,255

Investment Income $0

Other Revenue $3,651

TOTAL REVENUE $345,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,082

Fundraising Expenses $0

Other Expenses $201,776

TOTAL EXPENSES $351,858

Year-over-Year Comparison

	2023	2022	Change
Revenue	$345,931	$296,225	+0.2%
Expenses	$351,858	$308,797	+0.1%
Net Income	$-5,927	$-12,572	-0.5%

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

$15,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA WALBY	EXECUTIVE DI	35.00	Officer	$15,426	$0	$15,426
ALYSSA ALLEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CHARLES BAMBERG	DIRECTOR	1.00	Director	$0	$0	$0
JOANNA BREEN	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
JASON DENBY	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELO DIGIULIAN	DIRECTOR	1.00	Director	$0	$0	$0
ABBY FESSENDEN	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA FROST	DIRECTOR	1.00	Director	$0	$0	$0
CLINT MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JULIE ROBERTS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAYMES SHIVE	TREASURER	1.00	Officer Director	$0	$0	$0
SARAH WINCHENBACH	DIRECTOR	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	$345,931	$351,858	$475,630	$-5,927
2023	$296,225	$308,797	$448,289	$-12,572
2022	$394,112	$279,471	$483,418	$114,641
2021	$352,038	$258,394	$410,989	$93,644
2020	$189,103	$218,910	$428,335	$-29,807
2019	$306,139	$277,526	$341,632	$28,613
2018	$318,249	$319,940	$539,985	$-1,691

BOOTHBAY HARBOR REGION CHAMBER OF COMMERCE