GREATER NORTHAMPTON CHAMBER OF COMMERCE

EIN: 041679420

NORTHAMPTON, MA

Total Revenue
$1,154,672
Total Expenses
$1,210,788
Total Assets
$1,461,706
Net Assets
$619,263
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
MA
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

THE MISSION OF THE GREATER NORTHAMPTON CHAMBER OF COMMERCE, A MEMBERSHIP ORGANIZATION, IS TO BE A CATALYST FOR COLLABORATION AND INNOVATION TO FOSTER A THRIVING ECONOMY & COMMUNITY INVIGORATED BY DIVERSITY, EQUITY, AND INCLUSION.

🔒

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%)

Sign In — Free (10 views/day)

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

Sign In

Governance

Voting Members
20
Independent Members
19
Employees
6
Volunteers
85

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
4
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
1
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
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare GREATER NORTHAMPTON CHAMBER OF COMMERCE with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.