SOUTH SHORE CHAMBER OF COMMERCE INC (EIN 041752580) - Form 990 Financial Analysis & Trantor Score

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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

1901

Legal Domicile

Principal Officer

TIMOTHY CAHILL

Phone

6174791111

Tax Period

2024-01-01 to 2024-12-31

SOUTH SHORE CHAMBER OF COMMERCE INC, founded in 1901, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 10% surplus.

Mission

TO PROMOTE THE EXPANSION AND GROWTH OF BUSINESSES ON THE SOUTH SHORE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $961,104

Program Service Revenue $196,001

Investment Income $106,153

Other Revenue $422,643

TOTAL REVENUE $1,685,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $826,567

Fundraising Expenses $0

Program Expenses $1,228,948

Other Expenses $683,677

TOTAL EXPENSES $1,510,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,685,901	$1,393,333	+0.2%
Expenses	$1,510,244	$1,336,417	+0.1%
Net Income	$175,657	$56,916	+2.1%

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

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

$191,421

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN DIPRETE	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH GRATTA	CHAIR	1.00	Officer Director	$0	$0	$0
BONNIE SIMMONS	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID ROBINSON	SECOND VICE CHAIR	1.00	Officer Director	$0	$0	$0
RICHARD FERNANDEZ	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
NANCY CURRY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE MARKOWITZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENIFER PINKHAM	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JILL AMATO	DIRECTOR	1.00	Director	$0	$0	$0
STANLEY BLACKMUR	DIRECTOR	1.00	Director	$0	$0	$0
JASON BROWN	DIRECTOR	1.00	Director	$0	$0	$0
PETER BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CINNANTE	DIRECTOR	1.00	Director	$0	$0	$0
LISA CORRIGAN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN DAILEADER	DIRECTOR	1.00	Director	$0	$0	$0
BRENDAN DICKINSON	DIRECTOR	1.00	Director	$0	$0	$0
RAY DIPASQUALE	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA DENHOLM	DIRECTOR	1.00	Director	$0	$0	$0
DARYL ELLIOTT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GREANEY	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE HALES	DIRECTOR	1.00	Director	$0	$0	$0
LILY HSU	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS KEOHANE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA MANSFIELD	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINA MCCUE	DIRECTOR	1.00	Director	$0	$0	$0
MATT O'DONNELL	DIRECTOR	1.00	Director	$0	$0	$0
ABIGAIL PARRILLA	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY POIRIER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK POWERS	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA SIERRA	DIRECTOR	1.00	Director	$0	$0	$0
TREY STURTEVANT	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SPATAFORE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA TIMILTY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN WEST	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
PETER FORMAN	PRESIDENT/CEO & SECRETARY	25.00	Officer	$184,313	$7,108	$191,421
JULIE WILLIAMS	VICE PRESIDENT	40.00	Highest	$106,520	$30,346	$136,866
JILL DONOVAN	DIRECTOR OF DEVELOPMENT	20.00	Highest	$100,983	$30,325	$131,308

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	$1,685,901	$1,510,244	$2,278,764	$175,657
2023	$1,393,333	$1,336,417	$1,934,905	$56,916
2022	$1,147,167	$1,239,630	$1,545,799	$-92,463
2021	$1,270,297	$1,162,932	$1,830,028	$107,365
2020	$1,061,035	$1,023,836	$1,648,520	$37,199
2019	$1,112,257	$1,249,518	$1,510,470	$-137,261
2018	$1,259,956	$1,464,716	$1,646,494	$-204,760

SOUTH SHORE CHAMBER OF COMMERCE INC