BATH-BRUNSWICK REGIONAL CHAMBER (EIN 010486584) - 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

2012

Legal Domicile

Principal Officer

CORY KING

Phone

2077258797

Tax Period

2023-01-01 to 2023-12-31

BATH-BRUNSWICK REGIONAL CHAMBER, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $179K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $214K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MISSION OF THE SMMC IS TO PROMOTE AWARENESS AND GROWTH OF THE BUSINESSES AND COMMUNITIES IN THE GREATER SOUTHERN MIDCOAST MAINE REGION BY PROVIDING NETWORKING, MARKETING AND ADVOCACY OPPORTUNITIES FOR ITS MEMBERS.

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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 $138,200

Program Service Revenue $44,369

Investment Income $0

Other Revenue $-3,874

TOTAL REVENUE $178,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,711

Fundraising Expenses $0

Other Expenses $103,070

TOTAL EXPENSES $213,781

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,695	$147,850	+0.2%
Expenses	$213,781	$121,617	+0.8%
Net Income	$-35,086	$26,233	-2.3%

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

$75,997

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORY KING	EXECUTIVE DI	40.00	Officer	$72,997	$3,000	$75,997
SHANNON ANKETELL	PRESIDENT	5.00	Officer Director	$0	$0	$0
JENNIFER CHARBONEAU	DIRECTOR	1.00	Director	$0	$0	$0
SALLY COSTELLO	DIRECTOR	1.00	Director	$0	$0	$0
NICKLAUS DEBLOIS	DIRECTOR	1.00	Director	$0	$0	$0
NICK FAVREAU	DIRECTOR	1.00	Director	$0	$0	$0
JOE GRANT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PRESTON HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA KNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
PAUL LOVELESS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MCKENNEY	DIRECTOR	1.00	Director	$0	$0	$0
JILL PARTRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
BRAD PATTERSHALL	DIRECTOR	1.00	Director	$0	$0	$0
EMILY RUGER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SHATTUCK	DIRECTOR	1.00	Director	$0	$0	$0
CINDY SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
DON SPANN	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
BETHANY TYLER	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB WARREN	DIRECTOR	1.00	Director	$0	$0	$0
KATIE WINGLASS	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	No data	No data	No data	No data
2023	$178,695	$213,781	$39,312	$-35,086
2020	$150,494	$141,976	$63,668	$8,518

BATH-BRUNSWICK REGIONAL CHAMBER