HANOVER AREA CHAMBER OF COMMERCE

EIN: 020406892

LEBANON, NH

Total Revenue
$176,334
Total Expenses
$226,817
Total Assets
N/A
Net Assets
N/A
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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
1977
Legal Domicile
NH
Principal Officer
TRACY HUTCHINS
Phone
6034481203
Tax Period
2019-01-01 to 2019-12-31

HANOVER AREA CHAMBER OF COMMERCE, founded in 1977, is a small nonprofit that reported $176K in total revenue in fiscal year 2019. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $227K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO INVIGORATE THE ECONOMIC HEALTH OF THE AREAS WE SERVE, WHILE CONTRIBUTING TO THE WELL-BEING OF THE UPPER VALLEY

Program Service Accomplishments

Program 1
Expenses: $196,226 Revenue: $88,189

HANOVER AREA CHAMBER OF COMMERCE (HACC) PROGRAMS AND SERVICES INCLUDE: 1) MARKETING AND PROMOTION, 2) NETWORKING OPPORTUNITIES, 3) ADVOCACY FOR BUSINESS INTERESTS AND 4) INFORMATION SERVICES.HACC...

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HANOVER AREA CHAMBER OF COMMERCE (HACC) PROGRAMS AND SERVICES INCLUDE: 1) MARKETING AND PROMOTION, 2) NETWORKING OPPORTUNITIES, 3) ADVOCACY FOR BUSINESS INTERESTS AND 4) INFORMATION SERVICES.HACC SERVES APPROXIMATELY 350 MEMBER BUSINESSES AND ORGANIZZATIONS IN THE HANOVER, NH AREA. PROGRAMS AND SERVICES ARE PROVIDED FOR HACC MEMBERS AND THE GENERAL PUBLIC INCLUDING RESIDENTS AND VISITORS. SPECIFIC ACTIVITIES INVCLUE:OPERATING A SEASONAL INFORMATION BOOTH IN CONJUCTION WITH DARTMOUTH COLLEGE. MARKETING AND PROMOTION PROGRAMS INCLUDING LOCAL AND REGIONAL ADVERTISING, MARKETING STRATEGY DEVELOPMENT AND IMPLEMENTATION AND EVENT MANAGEMENT FOR SPECIAL EVENTS.COORDINATING A BUSINESS AFTER HOURS EVENTS TO PROMOTE NETWORKING AMONG THE 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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $53,044
Program Service Revenue $94,357
Investment Income $11
Other Revenue $28,922
TOTAL REVENUE $176,334

Expense Breakdown

Grants Paid $0
Salaries & Benefits $146,344
Fundraising Expenses $0
Program Expenses $196,226
Other Expenses $80,473
TOTAL EXPENSES $226,817

Year-over-Year Comparison

2019 2018 Change
Revenue $176,334 $262,406 -0.3%
Expenses $226,817 $277,074 -0.2%
Net Income $-50,483 $-14,668 +2.4%
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

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Governance

Voting Members
14
Independent Members
13
Employees
2
Volunteers
N/A

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
5
$103,517
Total Directors
11
$103,517
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACY HUTCHINS PRESIDENT 40.00
Officer Director
$93,250 $10,267 $103,517
JENNIFER PACKARD BOARD CHAIR 2.00
Officer Director
$0 $0 $0
JENNIFER SNYDER FIRST VICE-CHAIR 2.00
Officer Director
$0 $0 $0
MIKE PARISI TREASURER 2.00
Officer Director
$0 $0 $0
MARY GIVEEN SECRETARY 2.00
Officer Director
$0 $0 $0
TOM BRYNE BOARD MEMBER 2.00
Director
$0 $0 $0
JOANNA WHITCOMB BOARD MEMBER 2.00
Director
$0 $0 $0
JULIA GRIFFIN BOARD MEMBER 2.00
Director
$0 $0 $0
RICHARD LEMAY BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL SCHELLER BOARD MEMBER 2.00
Director
$0 $0 $0
DAVE NEWLOVE BOARD MEMBER 2.00
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
2019 $176,334 $226,817 No data $-50,483
2018 $262,406 $277,074 $62,483 $-14,668
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