MARLBOROUGH REGIONAL CHAMBER OF COMMERCE INC

EIN: 042349840

Marlborough, MA

Total Revenue
$230,771
Total Expenses
$271,182
Total Assets
$106,111
Net Assets
$45,471
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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
1924
Legal Domicile
MA
Principal Officer
JENNIFER BERUBE
Tax Period
2023-01-01 to 2023-12-31

MARLBOROUGH REGIONAL CHAMBER OF COMMERCE INC, founded in 1924, is a small nonprofit that reported $231K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $271K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO ADVOCATE AND PROMOTE BUSINESS AND CIVIC INTEREST IN ORDER TO ENCOURAGE GROWTH AND DEVELOPMENT.

Program Service Accomplishments

Program 1

IMPROVING THE BUSINESS CLIMATE AND THE QUALITY OF LIFE IN THE COMMUNITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $156,762
Program Service Revenue $1,800
Investment Income $0
Other Revenue $72,209
TOTAL REVENUE $230,771

Expense Breakdown

Grants Paid $350
Salaries & Benefits $186,087
Fundraising Expenses $0
Other Expenses $84,745
TOTAL EXPENSES $271,182

Year-over-Year Comparison

2023 2022 Change
Revenue $230,771 $268,500 -0.1%
Expenses $271,182 $287,597 -0.1%
Net Income $-40,411 $-19,097 +1.1%
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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Governance

Voting Members
29
Independent Members
29
Employees
4
Volunteers
75

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
29
$75,923
Total Directors
5
$75,923
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN MESSINEO PRESIDENTCEO 40.00
Officer Director
$75,923 $0 $75,923
TIM NELSON PAST CHAIR 1.00
Officer Director
$0 $0 $0
CATHERINE DRESSEL SECRETARY 1.00
Officer Director
$0 $0 $0
TYE JORDAN CHAIR 1.00
Officer Director
$0 $0 $0
MICHELLE DE OLIVEIRA LEGAL COUNSEL 1.00
Officer Director
$0 $0 $0
LUIZ THOMAZ DIRECTOR 1.00
Officer
$0 $0 $0
MARK VITAL DIRECTOR 1.00
Officer
$0 $0 $0
TODD VROMAN DIRECTOR 1.00
Officer
$0 $0 $0
DOUG ROWE DIRECTOR 1.00
Officer
$0 $0 $0
CHRIS SHEA DIRECTOR 1.00
Officer
$0 $0 $0
CAROLYN SLYVESTER DIRECTOR 1.00
Officer
$0 $0 $0
JEFF SCHAEFFER DIRECTOR 1.00
Officer
$0 $0 $0
PETER MARSHALL DIRECTOR 1.00
Officer
$0 $0 $0
STEVE ULISS DIRECTOR 1.00
Officer
$0 $0 $0
DARLENE WELCH DIRECTOR 1.00
Officer
$0 $0 $0
EMILY GREENWOOD DIRECTOR 1.00
Officer
$0 $0 $0
MEREDITH HARRIS DIRECTOR 1.00
Officer
$0 $0 $0
JAMI EYCLESHYMER DIRECTOR 1.00
Officer
$0 $0 $0
LIZ KELLEY DIRECTOR 1.00
Officer
$0 $0 $0
DON LANDERS DIRECTOR 1.00
Officer
$0 $0 $0
JENNIFER BERUBE DIRECTOR 1.00
Officer
$0 $0 $0
ELLEN CUMMINGS DIRECTOR 1.00
Officer
$0 $0 $0
TOM DEFEUDIS DIRCETOR 1.00
Officer
$0 $0 $0
PETER MARSHALL DIRECTO 1.00
Officer
$0 $0 $0
DAVE MORTICELLI DIRECTOR 1.00
Officer
$0 $0 $0
DAPHNE PHALON DIRECTOR 1.00
Officer
$0 $0 $0
JOHN LOGOMASINI DIRECTOR 1.00
Officer
$0 $0 $0
GABRIEL LUZZI DIRECTOR 1.00
Officer
$0 $0 $0
AJ MAINI DIRECTOR 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 $230,771 $271,182 $106,111 $-40,411
2022 $268,500 $287,597 $129,057 $-19,097
2021 $336,709 $274,813 $151,294 $61,896
2020 $230,821 $249,053 $82,845 $-18,232
2019 $248,859 $225,609 $86,595 $23,250
2018 $318,580 $280,664 $65,964 $37,916
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