BROOKLINE CHAMBER OF COMMERCE INC

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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

1978

Legal Domicile

Principal Officer

DOUG J MURSTEIN

Phone

6177391330

Tax Period

2023-01-01 to 2023-12-31

BROOKLINE CHAMBER OF COMMERCE INC, founded in 1978, is a small nonprofit that reported $308K in total revenue in fiscal year 2023.

Mission

TO PROMOTE AND ADVANCE THE CONTINUED SUCCESS OF BROOKLINE AS A THRIVING COMMUNITY IN WHICH TO LIVE, WORK AND DO BUSINESS. THE CHAMBER TAKES A LEADERSHIP ROLE IN THE BUSINESS COMMUNITY FOR GROWTH, ADVOCACY, INFORMATION, AND NETWORKING.

Program Service Accomplishments

Program 1

Expenses: $202,554 Revenue: $8,705

TO CONDUCT MARKETING, WORKSHOPS, EVENTS, AND SOCIAL EVENTS. TO PROMOTE BUSINESSES IN BROOKLINE AND SURROUNDING COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $299,762

Program Service Revenue $8,705

Investment Income $13

Other Revenue $0

TOTAL REVENUE $308,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,860

Fundraising Expenses $0

Program Expenses $202,554

Other Expenses $240,336

TOTAL EXPENSES $333,196

Year-over-Year Comparison

	2023	2022	Change
Revenue	$308,480	$290,985	+0.1%
Expenses	$333,196	$305,670	+0.1%
Net Income	$-24,716	$-14,685	+0.7%

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

N/A

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

$64,502

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEROY WATKINS	PRESIDENT	3.00	Officer Director	$0	$0	$0
DOUG MURSTEIN	TREASURER	3.00	Officer Director	$0	$0	$0
ANDREA LACHANCE	SENIOR VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVID GLADSTONE	CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$0	$0
CECILIA NARDI	SECRETARY	1.00	Officer Director	$0	$0	$0
ELIAS AUDY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM KICKHAM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LEISE JONES	DIRECTOR	1.00	Officer Director	$0	$0	$0
DIANA BROUILLARD	DIRECTOR	1.00	Officer Director	$0	$0	$0
KEITH PAULETTI	DIRECTOR	1.00	Officer Director	$0	$0	$0
HELEN GLOTZER	DIRECTOR	1.00	Officer Director	$0	$0	$0
NICK MALLIA	DIRECTOR	1.00	Officer Director	$0	$0	$0
CAMERON MERRILL	DIRECTOR	1.00	Officer Director	$0	$0	$0
MORRY SAPOZNIK	DIRECTOR	1.00	Officer Director	$0	$0	$0
DANIELLE SCHLESIER	DIRECTOR	1.00	Officer Director	$0	$0	$0
LISA WISEL	DIRECTOR	1.00	Officer Director	$0	$0	$0
JEN PASTER	DIRECTOR	1.00	Officer Director	$0	$0	$0
DEBORAH MILLER	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$7,875	$0	$7,875
LISA LEGER	EXECUTIVE DIRECTOR	20.00	Key Emp Highest	$56,627	$0	$56,627

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	$308,480	$333,196	$79,728	$-24,716
2022	$290,985	$305,670	$104,010	$-14,685
2021	$253,926	$209,124	$118,676	$44,802