SOMERVILLE CHAMBER OF COMMERCE

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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

1946

Legal Domicile

Principal Officer

WENDY B DALWIN

Phone

6177764100

Tax Period

2024-01-01 to 2024-12-31

SOMERVILLE CHAMBER OF COMMERCE, founded in 1946, is a small nonprofit that reported $193K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $31K, a strong 16% operating margin.

Mission

CHAMBERS MISSION IS TO SERVE THE MEMBERSHIP WHILE ENHANCING SOMERVILLES QUALITY OF LIFE. MOST SIGNIFICANT ACTIVITIES INCLUDE MEMBER EVENTS, FUNDRAISING AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $9,486 Revenue: $22,290

ANNUAL MEMBERSHIP GOLF FUNDRAISING AND SPONSORSHIP EVENT.

Program 2

Expenses: $18,221 Revenue: $25,625

ANNUAL DINNER

Program 3

Expenses: $4,730 Revenue: $7,500

BUSINESS AFTER HOURS AND LEGO EVENTS

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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 $129,722

Program Service Revenue $63,765

Investment Income $0

Other Revenue $0

TOTAL REVENUE $193,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,083

Fundraising Expenses $0

Program Expenses $162,741

Other Expenses $56,221

TOTAL EXPENSES $162,741

Year-over-Year Comparison

	2024	2023	Change
Revenue	$193,487	$226,002	-0.1%
Expenses	$162,741	$213,323	-0.2%
Net Income	$30,746	$12,679	+1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY B DALWIN	PRESIDENT AN	40.00	Officer Director	$0	$0	$0
ADAM V PORTNEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
STEPHEN MACKEY - RETIRED	PRESIDENT AN	40.00	Officer Director	$0	$0	$0
EMILY DUQUETTE	CLERK	5.00	Officer	$0	$0	$0
JASKARAN OBERO	TREASURER	5.00	Officer	$0	$0	$0
JOHN M CONNOLLY - RETIRED	INTERIM OFFI	40.00	Officer	$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	$193,487	$162,741	$82,079	$30,746
2023	$226,002	$213,323	$51,334	$12,679
2022	$178,795	$198,225	$35,682	$-19,430
2021	$186,962	$219,298	$58,624	$-32,336
2020	$158,707	$196,151	$63,206	$-37,444
2019	$237,200	$241,967	$97,376	$-4,767
2018	$230,345	$199,822	$102,143	$30,523
2017	$206,159	$188,705	$68,771	$17,454