CHELSEA CHAMBER OF COMMERCE (EIN 042255031) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1931

Legal Domicile

Principal Officer

D BRUCE MAUCH

Phone

6178844877

Tax Period

2023-01-01 to 2023-12-31

CHELSEA CHAMBER OF COMMERCE, founded in 1931, is a small nonprofit that reported $210K in total revenue in fiscal year 2023. Expenses of $239K exceeded revenue, resulting in a 14% operating deficit.

Mission

BUSINESS ASSOCIATION

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $149,806

Program Service Revenue $21,548

Investment Income $42

Other Revenue $38,447

TOTAL REVENUE $209,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,227

Fundraising Expenses $0

Program Expenses $183,679

Other Expenses $65,839

TOTAL EXPENSES $239,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,843	$204,859	+0.0%
Expenses	$239,066	$212,082	+0.1%
Net Income	$-29,223	$-7,223	+3.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

150

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
MADELYN GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
NADER ACEVEDO	DIRECTOR	1.00	Director	$0	$0	$0
RENEE CASO	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD GORDON	DIRECTOR	1.00	Director	$0	$0	$0
YAHYA NOOR	DIRECTOR	1.00	Director	$0	$0	$0
MUSTAPHA ET-TAIK	DIRECTOR	1.00	Director	$0	$0	$0
ALICE MURILLO	DIRECTOR	1.00	Director	$0	$0	$0
ROSAIVETTE BAEZ	DIRECTOR	1.00	Director	$0	$0	$0
LUIS MINNIG	DIRECTOR	1.00	Director	$0	$0	$0
BETH MCDOUGAL	PRESIDENT	2.00	Officer	$0	$0	$0
D BRUCE MAUCH	TREASURER	2.00	Officer	$0	$0	$0
JOSEPH VINARD	VICE PRESIDENT	2.00	Officer	$0	$0	$0
DAVID MINDLIN	VICE PRESIDENT	2.00	Officer	$0	$0	$0
ROMAN GOLDEN	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ARTHUR ARSENAULT	SECRETARY	1.00	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	No data	No data	No data	No data
2023	$209,843	$239,066	$218,196	$-29,223
2022	$204,859	$212,082	$262,798	$-7,223
2021	$87,586	$87,576	$286,655	$10
2020	$92,278	$77,140	$280,911	$15,138
2019	$134,555	$146,405	$188,134	$-11,850
2018	$144,481	$135,473	$195,596	$9,008

CHELSEA CHAMBER OF COMMERCE