NANTUCKET ISLAND CHAMBER OF COMMERCE (EIN 042189081) - 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

1954

Legal Domicile

Principal Officer

CIARAN MCCLOSKY

Phone

5082281700

Tax Period

2024-07-01 to 2025-06-30

NANTUCKET ISLAND CHAMBER OF COMMERCE, founded in 1954, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE NANTUCKET ISLAND CHAMBER OF COMMERCE IS PROMOTING THE INTERESTS AND VIABILITY OF ITS NEARLY 700 MEMBERS. THE MEMBERS ARE COMPRISED OF BUSINESSES, NON-PROFIT ORGANIZARTIONS, INDIVIDUALS, AND THE ISLAND BUSINESS COMMUNITY AS A WHOLE. THE CHAMBER PROMOTES THE HISTORIC, CULTURAL, AND RECREATIONAL FEATURES THAT POSITION NANTUCKET AS A PRIME TOURIST DESTINATION.

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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 $891,753

Program Service Revenue $229,126

Investment Income $0

Other Revenue $18,261

TOTAL REVENUE $1,139,140

Expense Breakdown

Grants Paid $43,266

Salaries & Benefits $493,832

Fundraising Expenses $29,668

Other Expenses $686,071

TOTAL EXPENSES $1,223,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,139,140	$1,148,998	0.0%
Expenses	$1,223,169	$1,213,512	+0.0%
Net Income	$-84,029	$-64,514	+0.3%

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
CIARAN MCCLOSKY	PRESIDENT	2.00	Officer Director	$0	$0	$0
LESLIE SNELL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ROBIN REDNOR	TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTINA MANCA	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICK RIDGE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HARTER	DIRECTOR	1.00	Director	$0	$0	$0
CURRAN HUYSER	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON JELLISON	DIRECTOR	1.00	Director	$0	$0	$0
ADAM DREAD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS GLOWACKI	DIRECTOR	1.00	Director	$0	$0	$0
DR LUCIANA PAVIE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RANNY	DIRECTOR	1.00	Director	$0	$0	$0
JOHNATHAN RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE STEWART	DIRECTOR	1.00	Director	$0	$0	$0
MATT BATY	DIRECTOR	1.00	Director	$0	$0	$0
CARL BOIS	DIRECTOR	1.00	Director	$0	$0	$0
PATTY MOLLOY BRORUP	DIRECTOR	1.00	Director	$0	$0	$0
CARL LINDVALL	DIRECTOR	1.00	Director	$0	$0	$0
BRIENNE SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
AMY YOUNG	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
2025	$1,139,140	$1,223,169	$936,430	$-84,029
2024	$1,148,998	$1,213,512	$907,337	$-64,514
2023	$1,301,887	$1,283,340	$1,067,010	$18,547
2022	$1,319,175	$1,269,651	$878,717	$49,524
2021	$1,178,183	$991,655	$515,923	$186,528
2020	$974,817	$874,805	$322,505	$100,012
2019	$861,705	$938,451	$174,437	$-76,746

NANTUCKET ISLAND CHAMBER OF COMMERCE