HARWICH CHAMBER OF COMMERCE INC (EIN 042184220) - 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

1959

Legal Domicile

Principal Officer

TSVETOMIR HIRSTOV

Phone

5084321600

Tax Period

2020-09-01 to 2021-08-31

HARWICH CHAMBER OF COMMERCE INC, founded in 1959, is a small nonprofit in the Community Improvement sector that reported $265K in total revenue in fiscal year 2020. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $57K, a strong 22% operating margin.

Mission

TO PROMOTE, STRENGTHEN & SUPPORT THE HARWICH BUSINESS COMMUNITY FOR THE BENEFIT OF THE PEOPLE LIVING, WORKING AND VISITING HARWICH. OUR VISITOR CENTER AND SPECIAL EVENTS PROMOTE THE TOWN AND ITS BUSINESSES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $141,025

Program Service Revenue $47,697

Investment Income $43

Other Revenue $75,830

TOTAL REVENUE $264,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,415

Fundraising Expenses $0

Program Expenses $188,379

Other Expenses $127,819

TOTAL EXPENSES $207,234

Year-over-Year Comparison

	2020	2019	Change
Revenue	$264,595	$235,805	+0.1%
Expenses	$207,234	$195,584	+0.1%
Net Income	$57,361	$40,221	+0.4%

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

N/A

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
DIANNE ARAKAWA	DIRECTOR	N/A	Director	$0	$0	$0
HERB BELL	DIRECTOR	N/A	Director	$0	$0	$0
SUZANNE BERRY	DIRECTOR	N/A	Director	$0	$0	$0
EMILY BRUTTI	DIRECTOR	N/A	Director	$0	$0	$0
ALTON CHUN	DIRECTOR	N/A	Director	$0	$0	$0
JULIE DECOTEAU	VICE PRESIDE	N/A	Director	$0	$0	$0
PAUL FOX	DIRECTOR	N/A	Director	$0	$0	$0
TSVETOMIR HIRSTOV	PRESIDENT	N/A	Officer Director	$0	$0	$0
PAT NADLE	DIRECTOR	N/A	Director	$0	$0	$0
DAN O'LEARY	DIRECTOR	N/A	Director	$0	$0	$0
AYANNA PARENT	DIRECTOR	N/A	Director	$0	$0	$0
PATTI TWOREK	DIRECTOR	N/A	Director	$0	$0	$0
MARGARET NYE	TREASURER	N/A	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
2021	$264,595	$207,234	$317,097	$57,361
2020	$235,805	$195,584	$259,736	$40,221
2019	$260,346	$223,818	$294,538	$36,528
2018	$250,641	$230,054	$286,691	$20,587

HARWICH CHAMBER OF COMMERCE INC