METROWEST CHAMBER OF COMMERCE INC

EIN: 041339795

FRAMINGHAM, MA

Total Revenue
$295,680
Total Expenses
$269,046
Total Assets
$34,749
Net Assets
$-18,723
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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
1932
Legal Domicile
MA
Principal Officer
REYAD SHAH
Phone
5085612402
Tax Period
2024-01-01 to 2024-12-31

METROWEST CHAMBER OF COMMERCE INC, founded in 1932, is a small nonprofit that reported $296K in total revenue in fiscal year 2024. Expenses of $269K left a modest 9% surplus.

Mission

TO FURTHER ECONOMIC DEVELOPMENT AND PROMOTE THE ECONOMIC WELL-BEING OF THE METROWEST REGION OF MASSACHUSETTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $230,510
Program Service Revenue $60,691
Investment Income $0
Other Revenue $4,479
TOTAL REVENUE $295,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $144,683
Fundraising Expenses $0
Other Expenses $124,363
TOTAL EXPENSES $269,046

Year-over-Year Comparison

2024 2023 Change
Revenue $295,680 $291,212 +0.0%
Expenses $269,046 $379,342 -0.3%
Net Income $26,634 $-88,130 -1.3%
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

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Governance

Voting Members
26
Independent Members
26
Employees
N/A
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
2
$43,874
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER BARBIERI DIRECTOR 0.00
Director
$0 $0 $0
RYAN BURKHART DIRECTOR 0.00
Director
$0 $0 $0
BRIAN CASACILI DIRECTOR 0.00
Director
$0 $0 $0
LYDIA COLON DIRECTOR 0.00
Director
$0 $0 $0
EILEEN DAVIS DIRECTOR 0.00
Director
$0 $0 $0
LARRY DROLET DIRECTOR 0.00
Director
$0 $0 $0
BRIAN GROSSMAN DIRECTOR 0.00
Director
$0 $0 $0
DAVID LAURENT DIRECTOR 0.00
Director
$0 $0 $0
CRAIG LIZOTTE DIRECTOR 0.00
Director
$0 $0 $0
JEREMY SOLOMON DIRECTOR 0.00
Director
$0 $0 $0
JAMIE STAFSLEIN DIRECTOR 0.00
Director
$0 $0 $0
SHANNON TELES DIRECTOR 0.00
Director
$0 $0 $0
RICK MACPHERSON DIRECTOR 0.00
Director
$0 $0 $0
KEVIN JAUNDOO DIRECTOR 0.00
Director
$0 $0 $0
ROBERT VALAIR DIRECTOR 0.00
Director
$0 $0 $0
JIM BARTHOLOMEW DIRECTOR 0.00
Director
$0 $0 $0
CHUCK BUDD DIRECTOR 0.00
Director
$0 $0 $0
GARY DODAKIAN DIRECTOR 0.00
Director
$0 $0 $0
VERA DIAS DIRECTOR 0.00
Director
$0 $0 $0
EVAN EASTMAN DIRECTOR 0.00
Director
$0 $0 $0
NICHOLAS JENNINGS DIRECTOR 0.00
Director
$0 $0 $0
NANCY NIEMI DIRECTOR 0.00
Director
$0 $0 $0
JASON PALITSCH DIRECTOR 0.00
Director
$0 $0 $0
ANTHONY MURPHY DIRECTOR 0.00
Director
$0 $0 $0
VANCE WILLIAMS DIRECTOR 0.00
Director
$0 $0 $0
JOHN WHITLOCK JR DIRECTOR 0.00
Director
$0 $0 $0
REYAD SHAH PRESIDENT 10.00
Officer
$25,012 $0 $25,012
JAMES GIAMMARINARO DIRECTOR 10.00
Officer
$18,862 $0 $18,862
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 $295,680 $269,046 $34,749 $26,634
2023 $291,212 $379,342 $17,265 $-88,130
2022 $355,601 $370,180 $74,674 $-14,579
2021 $307,554 $290,919 $88,294 $16,635
2020 $307,969 $311,906 $71,718 $-3,937
2019 $429,555 $397,020 $74,905 $32,535
2018 $478,200 $497,576 $65,320 $-19,376
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