GREATER MANCHESTER CHAMBER OF COMMERCE (EIN 020161920) - 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

1911

Legal Domicile

Principal Officer

HEATHER MCGRAIL

Phone

6037924100

Tax Period

2023-01-01 to 2023-12-31

GREATER MANCHESTER CHAMBER OF COMMERCE, founded in 1911, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

WE ARE THE VOICE OF BUSINESS, SHAPING ECONOMIC SUCCESS TO ENHANCE THE QUALITY OF LIFE IN GREATER MANCHESTER. OUR FOUR AREAS OF STRATEGIC FOCUS INCLUDE 1) ECONOMIC DEVELOPMENT 2) WORKFORCE DEVELOPMENT 3) DIVERSITY, EQUITY AND INCLUSION AND 4) THE CHAMBER OF TOMORROW. TOWARDS THESE GOALS , THE GREATER MANCHESTER CHAMBER SUPPORTS, FACILITATES, AND ENHANCES ECONOMIC VITALITY IN ORDER TO ATTRACT NEW BUSINESSES AND PROMOTE GROWTH FOR EXISTING BUSINESSES IN THE GREATER MANCHESTER REGION. THE GMC HELPS TO ATTRACT AND DEVELOP A DYNAMIC WORKFORCE THAT CAN SUSTAIN ECONOMIC GROWTH AND PROSPERITY FOR THE GREATER MANCHESTER REGION. WE FORGE NEW CONNECTIONS AND PARTNERSHIPS WITH DIVERSE COMMUNITIES AND STAKEHOLDERS FROM ACROSS OUR COMMUNITY AND STATE. WE SERVE AS RESOURCE FOR MEMBER BUSINESSES SEEKING TO IMPLEMENT NEW PRACTICES INTENDED TO FOSTER A CULTURE OF EQUITY AND INCLUSION IN THE WORKPLACE AND IN THE COMMUNITIES THEY SERVE. THE GMC ASPIRES TO BE THE PREMIER MEMBER-SERVING ORGANIZATION AND CHAM

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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 $65,611

Program Service Revenue $985,044

Investment Income $1,163

Other Revenue $69,782

TOTAL REVENUE $1,121,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $550,559

Fundraising Expenses $0

Program Expenses $847,068

Other Expenses $607,354

TOTAL EXPENSES $1,157,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,121,600	$981,465	+0.1%
Expenses	$1,157,913	$969,704	+0.2%
Net Income	$-36,313	$11,761	-4.1%

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

$148,597

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT COOKSON	CHAIR	2.00	Officer Director	$0	$0	$0
TRINNIE HOUGHTON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SHEILA MCNEIL	TREASURER	2.00	Officer Director	$0	$0	$0
ERNESTO BURDEN	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN KACAVAS	LEGAL COUNSE	1.00	Director	$0	$0	$0
ALEXANDRA HORTON	EC AT LARGE	1.00	Director	$0	$0	$0
KATE SKOUTERIS	EC AT LARGE	1.00	Director	$0	$0	$0
SCOTT SPRADLING	EC AT LARGE	1.00	Director	$0	$0	$0
JOE FAVAZZA	DIRECTOR	1.00	Director	$0	$0	$0
DIANE FITZPATRICK	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
SHANA HAWRYLCHAK	DIRECTOR	1.00	Director	$0	$0	$0
THEODORE KITCHENS	DIRECTOR	1.00	Director	$0	$0	$0
KRIS MCCRACKEN	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY OBERG	DIRECTOR	1.00	Director	$0	$0	$0
TOM SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
DR GREG BAXTER	DIRECTOR	1.00	Director	$0	$0	$0
PAWN NITICHAN	DIRECTOR	1.00	Director	$0	$0	$0
KEN SENUS	DIRECTOR	1.00	Director	$0	$0	$0
KERI LAMAN	DIRECTOR	N/A	Director	$0	$0	$0
JOE RACZA	DIRECTOR	N/A	Director	$0	$0	$0
MIKE DECELLE	DIRECTOR	N/A	Director	$0	$0	$0
ALLEN ALDENBERG	EX OFFICIO	1.00	Director	$0	$0	$0
HOLLY HORST	EX OFFICIO	1.00	Director	$0	$0	$0
DR JENNIFER GILLIS	EX OFFICIO	1.00	Director	$0	$0	$0
JODIE NAZAKA	EX OFFICIO	1.00	Director	$0	$0	$0
ANNA THOMAS	EX OFFICIO	1.00	Director	$0	$0	$0
HEATHER MCGRAIL	PRESIDENT/CE	45.00	Officer	$137,932	$10,665	$148,597

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	$1,121,600	$1,157,913	$1,174,378	$-36,313
2022	$981,465	$969,704	$1,382,665	$11,761
2021	$1,070,211	$901,374	$764,279	$168,837
2020	$1,190,024	$1,089,153	$652,712	$100,871
2019	$1,024,978	$1,041,520	$604,414	$-16,542
2018	$961,141	$994,305	$381,625	$-33,164

GREATER MANCHESTER CHAMBER OF COMMERCE