GREATER NORTHAMPTON CHAMBER OF COM… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1919

Legal Domicile

Principal Officer

DOUGLAS GILBERT

Phone

4135841900

Tax Period

2023-01-01 to 2023-12-31

GREATER NORTHAMPTON CHAMBER OF COMMERCE, founded in 1919, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

TO BE A CATALYST FOR COLLABORATION AND INNOVATION TO FOSTER A THRIVING ECONOMY AND COMMUNITY, INVIGORATED BY DIVERSITY, EQUITY, AND INCLUSION IN THE GREATER NORTHAMPTON AREA.

Program Service Accomplishments

Program 1

Expenses: $754,682 Revenue: $800,583

THE PROMOTION OF THE COMMON BUSINESS INTERESTS OF ITS MEMBERS.NORTHAMPTON GIFT CARD PROGRAM - INVEST IN LOCAL BUSINESSESECONOMIC DEVELOPMENT - ADVOCACY, PROGRAMS, PROJECTSCOMMUNITY ENGAGEMENT - PR...

THE PROMOTION OF THE COMMON BUSINESS INTERESTS OF ITS MEMBERS.NORTHAMPTON GIFT CARD PROGRAM - INVEST IN LOCAL BUSINESSESECONOMIC DEVELOPMENT - ADVOCACY, PROGRAMS, PROJECTSCOMMUNITY ENGAGEMENT - PR SUPPORT AND DEI INITIATIVESLINK/LEARN SERIES - BUSINESS EDUCATIONAL PROGRAMMING AND CURRICULUM

Program 2

Expenses: $350,526 Revenue: $339,321

THE CHAMBER SUPPORTS, INITIATES, AND COORDINATES ACTIVITES THAT PROMOTE AND ENHANCE NORTHAMPTON AS A VISITOR DESTINATION. HAMPSHIRE COUNTY REGIONAL TOURISM COUNCIL - MARKETING, PROMOTION, AND...

THE CHAMBER SUPPORTS, INITIATES, AND COORDINATES ACTIVITES THAT PROMOTE AND ENHANCE NORTHAMPTON AS A VISITOR DESTINATION. HAMPSHIRE COUNTY REGIONAL TOURISM COUNCIL - MARKETING, PROMOTION, AND SERVICES FOR TOURISM, CONVENTION, TRAVEL, AND RECREATION IN HAMPSHIRE COUNTY.

Program 3

Expenses: $6,900

THE CHAMBER SERVES AS A FOCUS TO ENHANCE AND MEASURE THE ECONOMIC DEVELOPMENT OF GREATER NORTHAMPTON. THE CHAMBER TAKES ON THE COORDINATING ROLE OF IDENTIFYING MAJOR DIRECTONS FOR ECONOMIC...

THE CHAMBER SERVES AS A FOCUS TO ENHANCE AND MEASURE THE ECONOMIC DEVELOPMENT OF GREATER NORTHAMPTON. THE CHAMBER TAKES ON THE COORDINATING ROLE OF IDENTIFYING MAJOR DIRECTONS FOR ECONOMIC DEVELOPMENT, PRIORITIES FOR ACTIVITIES, IDENTIFICATION OF PEOPLE AND ORGANIZATIONS RESPONSIBLE FOR MOVING ACTIVITIES FORWARD AND TIME FRAMES. THE CHAMBER ALSO ORGANIZES ITSELF AS A RESOURCE CENTER TO FACILITATE AND SUPPORT NEW BUSINESS START-UPS AND ESTABLISHED BUSINESS RETENTION AND GROWTH. COMMUNITY REVITALIZATION FUND - COVID-19 RELIEF FOR SMALL, LOCAL BUSINESSESRESTAURANT SECTOR SUPPORT - MARKETING CAMPAIGNS FOR LOCAL RESTAURANTSCOMMERCIAL DEVELOPERS' ADVISORY - DOWNTOWN COMMERCIAL DEVELOPMENT

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $943,468

Program Service Revenue $196,436

Investment Income $14,768

Other Revenue $0

TOTAL REVENUE $1,154,672

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $466,856

Fundraising Expenses $18,675

Program Expenses $1,112,108

Other Expenses $643,932

TOTAL EXPENSES $1,210,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,154,672	$1,395,778	-0.2%
Expenses	$1,210,788	$992,589	+0.2%
Net Income	$-56,116	$403,189	-1.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN MCCORMICK	PRESIDENT	4.00	Officer Director	$0	$0	$0
LINDSAY LABONTE	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
KELLY ROSE CPA	TREASURER	3.00	Officer Director	$0	$0	$0
LOU DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT KEITER	DIRECTOR	2.00	Director	$0	$0	$0
JIM GRAY	DIRECTOR	2.00	Director	$0	$0	$0
FELICIA LUNDQUIST	DIRECTOR	2.00	Director	$0	$0	$0
ANNA BOWEN	DIRECTOR	2.00	Director	$0	$0	$0
MARK NEJAME	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER NERY	DIRECTOR	2.00	Director	$0	$0	$0
HEIDI NORTONSMITH	DIRECTOR	2.00	Director	$0	$0	$0
ISOLDA ORTEGA-BUSTAMANTE	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA SHAFII	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER GALLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
JILLIAN DUCLOS	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER EWERS	DIRECTOR	2.00	Director	$0	$0	$0
EBRU KARDAN	DIRECTOR	2.00	Director	$0	$0	$0
DOUGLAS GILBERT	DIRECTOR	2.00	Director	$0	$0	$0
NANCI NEWTON	DIRECTOR	2.00	Director	$0	$0	$0
VINCENT JACKSON	CLERK	2.00	Officer Director	$0	$0	$0
ERIN CAHILLANE	DIRECTOR	2.00	Director	$0	$0	$0
MARK GOGGINS	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
RUSSELL PEOTTER	EX-OFFICIO	2.00	Director	$0	$0	$0
VINCENT JACKSON	EXECUTIVE DIRECTOR	40.00	Highest	$120,268	$0	$120,268

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	$1,154,672	$1,210,788	$1,461,706	$-56,116
2022	$1,395,778	$992,589	$1,393,319	$403,189
2022	$1,395,778	$992,589	$1,393,319	$403,189
2021	$957,948	$851,092	$1,069,300	$106,856
2020	$971,485	$853,469	$701,003	$118,016
2019	$790,855	$836,935	$711,910	$-46,080
2018	$829,546	$827,215	$832,948	$2,331

GREATER NORTHAMPTON CHAMBER OF COMMERCE