TAUNTON AREA CHAMBER OF COMMERCE INC

EIN: 042016133 Community Improvement

TAUNTON, MA

Total Revenue
$267,600
Total Expenses
$265,347
Total Assets
$274,441
Net Assets
$160,680
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1917
Legal Domicile
MA
Principal Officer
KRISTIN SILVA
Phone
5088244068
Tax Period
2024-01-01 to 2024-12-31

TAUNTON AREA CHAMBER OF COMMERCE INC, founded in 1917, is a small nonprofit in the Community Improvement sector that reported $268K in total revenue in fiscal year 2024.

Mission

TO PROMOTE THE ECONOMIC ADVANCEMENT OF BUSINESS IN THE GREATER TAUNTON AREA BY PROVIDING ITS MEMBERS WITH LEADERSHIP, EDUCATION, AND INFORMATION; THEREBY IMPROVING THE OVERALL QUALITY OF LIFE IN 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 (2024)

Revenue Breakdown

Contributions & Grants $163,038
Program Service Revenue $0
Investment Income $8,018
Other Revenue $96,544
TOTAL REVENUE $267,600

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $190,431
Fundraising Expenses $0
Other Expenses $72,916
TOTAL EXPENSES $265,347

Year-over-Year Comparison

2024 2023 Change
Revenue $267,600 $248,454 +0.1%
Expenses $265,347 $251,402 +0.1%
Net Income $2,253 $-2,948 -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
18
Independent Members
21
Employees
3
Volunteers
50

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
6
$0
Total Directors
9
$0
Key Employees
1
$71,695
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MORAN PAST CHAIR 1.00
Officer
$0 $0 $0
JILLIAN BACK DIRECTOR 1.00
Director
$0 $0 $0
APRIL REIS VICE CHAIRPERSON 1.00
Officer
$0 $0 $0
JEFF VIALL DIRECTOR 1.00
Director
$0 $0 $0
SONJA BRITLAND DIRECTOR 1.00
Director
$0 $0 $0
SEAMUS O'CONNELL TRESURER 1.00
Officer
$0 $0 $0
KRISTIN SILVA PRESIDENT 40.00
Key Emp
$71,695 $0 $71,695
MARIA GONZALEZ VICE CHAIRPERSON 1.00
Officer
$0 $0 $0
NELSON TAVARES DIRECTOR 1.00
Director
$0 $0 $0
JON GEGGATT VICE CHAIRPERSON 1.00
Officer
$0 $0 $0
JULIE MASCI DIRECTOR 1.00
Director
$0 $0 $0
KRISTEN SPARKS DIRECTOR 1.00
Director
$0 $0 $0
JENN NOLAN CHAIRPERSON 1.00
Officer
$0 $0 $0
RYAN PROPHETT DIRECTOR 1.00
Director
$0 $0 $0
TANYA LOBO DIRECTOR 1.00
Director
$0 $0 $0
MARY OBRIEN 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
2024 $267,600 $265,347 $274,441 $2,253
2023 $248,454 $251,402 $193,693 $-2,948
2022 $227,013 $254,059 $191,859 $-27,046
2021 $204,306 $174,244 $238,839 $30,062
2020 $154,936 $150,963 $197,671 $3,973
2019 $168,080 $156,740 $158,039 $11,340
2018 $177,704 $192,417 $145,962 $-14,713
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