NEW BEDFORD AREA CHAMBER OF COMMERCE INC

EIN: 041658850

NEW BEDFORD, MA

Total Revenue
N/A
Total Expenses
N/A
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
1888
Legal Domicile
MA
Principal Officer
MICHAEL O'SULLIVAN
Phone
5089995231
Tax Period
2021-01-01 to 2021-12-31

Mission

TO SERVE THE INTERESTS OF MEMBER BUSINESSES WHILE ADVOCATING BUSINESS ADVANCEMENT, ECONOMIC GROWTH AND JOB CREATION FOR THE BENEFIT OF THE SOUTHCOAST REGION OF MASSACHUSETTS. ADDITIONALLY, THE CHAMBER ASSISTS ITS RELATED ORGANIZATION, THE NEW BEDFORD CHAMBER FOUNDATION, INC., WITH THE FOUNDATION'S CHARITABLE AND EDUCATIONAL ACTIVITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2021 2020 Change
Revenue N/A N/A N/A
Expenses N/A N/A N/A
Net Income N/A $0 N/A
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
42
Independent Members
42
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
12
$0
Total Directors
42
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FREDERICK KIDDER CO-CEO 1.00
Officer Director
$0 $0 $0
MICHAEL O'SULLIVAN CO-CEO 1.00
Officer Director
$0 $0 $0
KIM PERRY PRESIDENT 1.00
Officer Director
$0 $0 $0
MATTHEW SCHONDEK TREASURER 1.00
Officer Director
$0 $0 $0
CHRISTOPHER HOWARD CLERK 1.00
Officer Director
$0 $0 $0
BRIAN LECOMTE IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
EILEEN DANAHEY CHAIR-ELECT 1.00
Officer Director
$0 $0 $0
WILLIAM BURNS VICE CHAIR 1.00
Officer Director
$0 $0 $0
NICK CHRIST VICE CHAIR 1.00
Officer Director
$0 $0 $0
RONALD ELLISE VICE CHAIR 1.00
Officer Director
$0 $0 $0
GAIL FORTES VICE CHAIR 1.00
Officer Director
$0 $0 $0
CURTIS NELSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ROSE LOPES AT LARGE 1.00
Director
$0 $0 $0
BILL PERKINS AT LARGE 1.00
Director
$0 $0 $0
NATHAN ARAUJO DIRECTOR 1.00
Director
$0 $0 $0
CHERYL BARTLETT DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BUSHELL DIRECTOR 1.00
Director
$0 $0 $0
KEVIN CARANDO DIRECTOR 1.00
Director
$0 $0 $0
PAUL CHASSE DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN CONNULTY DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE DILLON DIRECTOR 1.00
Director
$0 $0 $0
LAURA DOUGLAS DIRECTOR 1.00
Director
$0 $0 $0
CHARLIE FELLOWS DIRECTOR 1.00
Director
$0 $0 $0
MONTE FERRIS DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY GLASSMAN DIRECTOR 1.00
Director
$0 $0 $0
DOUG GLASSMAN DIRECTOR 1.00
Director
$0 $0 $0
GARY HOWAYECK DIRECTOR 1.00
Director
$0 $0 $0
MELODY LAVOIE DIRECTOR 1.00
Director
$0 $0 $0
CHUCK LORD DIRECTOR 1.00
Director
$0 $0 $0
DAVID MAHER DIRECTOR 1.00
Director
$0 $0 $0
RICHARD MANUELS JR DIRECTOR 1.00
Director
$0 $0 $0
LYNNE MASTERA DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY MEDEIROS DIRECTOR 1.00
Director
$0 $0 $0
SCOTT O'BRIEN DIRECTOR 1.00
Director
$0 $0 $0
ARTHUR PACHECO DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY PAGLIUCA DIRECTOR 1.00
Director
$0 $0 $0
DOUGLAS RODRIGUES DIRECTOR 1.00
Director
$0 $0 $0
DEREK SANTOS DIRECTOR 1.00
Director
$0 $0 $0
CARL SAWEJKO DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL TAVARES DIRECTOR 1.00
Director
$0 $0 $0
BOB UNGER DIRECTOR 1.00
Director
$0 $0 $0
MATT ZENNI 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
2021 No data No data No data No data
2020 No data No data No data No data
2019 $862,002 $837,017 $291,039 $24,985
2018 $919,856 $813,746 $266,609 $106,110
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