SALEM CHAMBER OF COMMERCE & CIVICS

EIN: 041802680

SALEM, MA

Total Revenue
$451,003
Total Expenses
$273,344
Total Assets
$595,685
Net Assets
$538,395
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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
1914
Legal Domicile
MA
Principal Officer
RINUS OOSTHOEK
Phone
9787440004
Tax Period
2023-01-01 to 2023-12-31

SALEM CHAMBER OF COMMERCE & CIVICS, founded in 1914, is a small nonprofit that reported $451K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 39% operating margin.

Mission

ORGANIZE EVENTS INVOLVING THE COMMUNITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $286,245
Program Service Revenue $160,065
Investment Income $4,693
Other Revenue $0
TOTAL REVENUE $451,003

Expense Breakdown

Grants Paid $0
Salaries & Benefits $129,535
Fundraising Expenses $0
Other Expenses $143,809
TOTAL EXPENSES $273,344

Year-over-Year Comparison

2023 2022 Change
Revenue $451,003 $355,515 +0.3%
Expenses $273,344 $299,709 -0.1%
Net Income $177,659 $55,806 +2.2%
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
29
Independent Members
28
Employees
3
Volunteers
32

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
3
$0
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TINA JORDAN PRESIDENT AND DIRECTOR 5.00
Officer Director
$0 $0 $0
ROB LIANI PAST PRESIDENT AND DIRECTO 2.00
Director
$0 $0 $0
SCOTT GROVER CLERK AND DIRECTOR 5.00
Officer Director
$0 $0 $0
BERNADETTE BUTERFIELD DIRECTOR EXECUTIVE COMMITT 2.00
Director
$0 $0 $0
JASON CONSALVO DIRECTOR EXECUTIVE COMMITT 2.00
Director
$0 $0 $0
BETH DEBSKI DIRECTOR EXECUTIVE COMMITT 2.00
Director
$0 $0 $0
ADRIA DUIJVESTEIJN DIRECTOR EXECUTIVE COMMITT 2.00
Director
$0 $0 $0
JIM ARMSTRONG DIRECTOR 2.00
Director
$0 $0 $0
ROBYN BURNS DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER CLOSE DIRECTOR 2.00
Director
$0 $0 $0
KAREN DAVIS DIRECTOR 2.00
Director
$0 $0 $0
GINA FLYNN DIRECTOR 2.00
Director
$0 $0 $0
KATIE DAVIS DIRECTOR 2.00
Director
$0 $0 $0
JOHN BERRY DIRECTOR 2.00
Director
$0 $0 $0
NATALIE BLUE DIRECTOR 2.00
Director
$0 $0 $0
GEORGE CAREY DIRECTOR 2.00
Director
$0 $0 $0
CLAIRE KALLELIS DIRECTOR 2.00
Director
$0 $0 $0
JILL GRAY DIRECTOR 2.00
Director
$0 $0 $0
JOY LIVRAMENTO-BRYANT DIRECTOR 2.00
Director
$0 $0 $0
SHAWN NEWTON DIRECTOR 2.00
Director
$0 $0 $0
KAREN SCALIA DIRECTOR 2.00
Director
$0 $0 $0
DAKOTA RUSSELL DIRECTOR 2.00
Director
$0 $0 $0
MIKE SPERLING DIRECTOR 2.00
Director
$0 $0 $0
ASHLEY TINA DIRECTOR 2.00
Director
$0 $0 $0
NATE TOWNSDEN DIRECTOR 2.00
Director
$0 $0 $0
JOSH TURIEL DIRECTOR 2.00
Director
$0 $0 $0
CHIP TUTTLE DIRECTOR 2.00
Director
$0 $0 $0
RINUS OOSTHOEK EXECUTIVE DIRECTOR 45.00
Officer 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
2024 No data No data No data No data
2023 $451,003 $273,344 $595,685 $177,659
2022 $355,515 $299,709 $480,937 $55,806
2021 $213,768 $241,909 $424,139 $-28,141
2020 $276,009 $240,819 $389,607 $35,190
2019 $310,068 $301,681 $268,657 $8,387
2018 $315,930 $308,460 $249,526 $7,470
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