CHARLES RIVER REGIONAL CHAMBERINC

EIN: 041670500

NEEDHAM, MA

Total Revenue
$967,743
Total Expenses
$993,852
Total Assets
$1,033,628
Net Assets
$727,786
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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
1915
Legal Domicile
MA
Principal Officer
GREG REIBMAN
Phone
6172445300
Tax Period
2024-01-01 to 2024-12-31

CHARLES RIVER REGIONAL CHAMBERINC, founded in 1915, is a small nonprofit that reported $968K in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE CHARLES RIVER REGIONAL CHAMBER IS TO CREATE A CLIMATE OF GROWTH AND SUCCESS FOR OUR COMMUNITY THROUGH A COLLABORATIVE AND INTERGRATED APPROACH UTILIZING BUSINESS, COMMUNITY, AND GOVERNMENT RESOURCES.

Program Service Accomplishments

Program 1
Expenses: $850,889

PROGRAMS CARRIED OUT BY THE CHAMBER CONTRIBUTE TOWARD COORDINATING THE CONCERNS AND EFFORTS OF BUSINESS AND PROFESSIONAL COMMUNITY IN IMPROVING THE LOCAL BUSINESS CLIMATE.

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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 $484,052
Program Service Revenue $440,213
Investment Income $43,478
Other Revenue $0
TOTAL REVENUE $967,743

Expense Breakdown

Grants Paid $0
Salaries & Benefits $697,419
Fundraising Expenses $0
Program Expenses $850,889
Other Expenses $296,433
TOTAL EXPENSES $993,852

Year-over-Year Comparison

2024 2023 Change
Revenue $967,743 $929,957 +0.0%
Expenses $993,852 $896,987 +0.1%
Net Income $-26,109 $32,970 -1.8%
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

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Governance

Voting Members
21
Independent Members
21
Employees
8
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
8
$217,629
Total Directors
23
$217,629
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLISON YEE DIRECTOR 1.00
Director
$0 $0 $0
ANGELA PITTER VICE CHAIR 1.00
Officer Director
$0 $0 $0
CHRISTIAN WAYLAND DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER ALLEN DIRECTOR 1.00
Director
$0 $0 $0
ARPIT PATEL DIRECTOR 1.00
Director
$0 $0 $0
DANIEL BRENT TREASURER 1.00
Officer Director
$0 $0 $0
JACK FUCCI DIRECTOR 1.00
Director
$0 $0 $0
GREG REIBMAN PRESIDENT 40.00
Officer Director
$217,629 $0 $217,629
DANTE CAPASSO DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE DESIMONE SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN RUFO CHAIR 1.00
Officer Director
$0 $0 $0
KENT GONZALES DIRECTOR 1.00
Director
$0 $0 $0
ELLEN MOLONEY DIRECTOR 1.00
Director
$0 $0 $0
TALI GOLAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
JEFFREY COURNOYER DIRECTOR 1.00
Director
$0 $0 $0
GILLIAN ISABELLE DIRECTOR 1.00
Director
$0 $0 $0
KATIE SULLIVAN DIRECTOR 1.00
Director
$0 $0 $0
ELEANOR UDDO DIRECTOR 1.00
Director
$0 $0 $0
SALEHA WALSH DIRECTOR 1.00
Director
$0 $0 $0
JODIE ZUSSMAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOHN KARACALIDIS VICE CHAIR 1.00
Officer Director
$0 $0 $0
GLENN ROSENGARD DIRECTOR 1.00
Director
$0 $0 $0
RYAN BARRETT 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
2025 No data No data No data No data
2024 $967,743 $993,852 $1,033,628 $-26,109
2023 $929,957 $896,987 $1,092,127 $32,970
2022 $734,706 $767,694 $1,021,671 $-32,988
2021 $976,058 $681,341 $1,046,277 $294,717
2020 $732,086 $619,095 $759,910 $112,991
2020 $732,086 $597,513 $781,492 $134,573
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