HARTFORD AREA CHAMBER OF COMMERCE

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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

2002

Legal Domicile

Principal Officer

CRYSTAL ROGERS

Phone

8022957900

Tax Period

2023-01-01 to 2023-12-31

HARTFORD AREA CHAMBER OF COMMERCE, founded in 2002, is a small nonprofit that reported $117K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $196K exceeded revenue, resulting in a 67% operating deficit.

Mission

THE ASSOCIATION PROMOTES LOCAL AREA BUSINESSES, ASSISTS TOURISTS AND AIDS LOCAL BETTERMENTS AND IMPROVEMENTS.

Program Service Accomplishments

Program 1

Expenses: $150,285 Revenue: $2,139

THE ASSOCIATION PROMOTES LOCAL AREA BUSINESSES, WORKS TO EXPAND BUSINESS OPPORTUNITIES IN THE LOCAL AREA, PROVIDE ASSISTANCE TO MEMBERS WITH NETWORKING OPPORTUNITIES, AND NEGOTIATES DISCOUNTS FOR...

THE ASSOCIATION PROMOTES LOCAL AREA BUSINESSES, WORKS TO EXPAND BUSINESS OPPORTUNITIES IN THE LOCAL AREA, PROVIDE ASSISTANCE TO MEMBERS WITH NETWORKING OPPORTUNITIES, AND NEGOTIATES DISCOUNTS FOR MEMBERS.

Program 2

Expenses: $33,320 Revenue: $24,250

THE ASSOCIATION OPERATES THE QUECHEE GORGE VISTORS CENTER WHICH ASSISTS TOURISTS AND PROMOTES HARTFORD TOURISM AND LOCAL BUSINESSES.

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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 $48,181

Program Service Revenue $14,104

Investment Income $2,655

Other Revenue $52,469

TOTAL REVENUE $117,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,901

Fundraising Expenses $0

Program Expenses $183,605

Other Expenses $57,267

TOTAL EXPENSES $196,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,409	$185,966	-0.4%
Expenses	$196,168	$206,438	0.0%
Net Income	$-78,759	$-20,472	+2.8%

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

120

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

$67,647

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY DAVIDSON-GRAHAM	CHAIR	2.00	Officer Director	$0	$0	$0
AMANDA MOORE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CRYSTAL ROGERS	TREASURER	6.00	Officer Director	$0	$0	$0
JENNIFER EASTMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JENNIFER BAXTER	DIRECTOR	2.00	Director	$0	$0	$0
NICK TSOUKNAKIS	DIRECTOR	2.00	Director	$0	$0	$0
COURTNEY KEENE	DIRECTOR	2.00	Director	$0	$0	$0
RYAN TREMBLAY	DIRECTOR	2.00	Director	$0	$0	$0
HAVAH ARMSTRONG WALTHER	EXECUTIVE DIRECTOR	32.00	Officer	$5,880	$0	$5,880
PATRICK SKEHAN	EXECUTIVE DIRECTOR	40.00	Officer	$61,767	$0	$61,767

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	$117,409	$196,168	$173,274	$-78,759
2022	$185,966	$206,438	$256,720	$-20,472
2021	$186,672	$156,280	$278,438	$30,392
2020	$108,840	$131,498	$260,588	$-22,658
2019	$157,596	$137,043	$132,561	$20,553
2018	$178,195	$134,702	$114,695	$43,493