Greater Newburyport Chamber of Commerce Inc (EIN 042384695) - 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

1965

Legal Domicile

Phone

9784626680

Tax Period

2023-01-01 to 2023-12-31

Greater Newburyport Chamber of Commerce Inc, founded in 1965, is a small nonprofit that reported $608K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

To support the success of members and lead in economic development in collaboration with the communities served.

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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 $254,139

Program Service Revenue $315,469

Investment Income $1,200

Other Revenue $37,421

TOTAL REVENUE $608,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,194

Fundraising Expenses $0

Other Expenses $341,669

TOTAL EXPENSES $602,863

Year-over-Year Comparison

	2023	2022	Change
Revenue	$608,229	$550,080	+0.1%
Expenses	$602,863	$526,103	+0.1%
Net Income	$5,366	$23,977	-0.8%

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

$144,599

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nathan Allard	President	40.00	Officer	$99,999	$44,600	$144,599
Robert Jones	Treasurer	2.00	Officer Director	$0	$0	$0
Rebecca Fortado	Chair	2.00	Officer Director	$0	$0	$0
Richard Ryan	Clerk	2.00	Officer Director	$0	$0	$0
Lisa Darke	Director	2.00	Director	$0	$0	$0
Mike Gorman	Director	2.00	Director	$0	$0	$0
Edwin Santana	Director	2.00	Director	$0	$0	$0
Virginia Eramo	Director	2.00	Director	$0	$0	$0
Kenneth Adams	Director	2.00	Director	$0	$0	$0
Kelley Sullivan	Director	2.00	Director	$0	$0	$0
Thomas Nicholson	Director	2.00	Director	$0	$0	$0
Patricia Cannon	Director	2.00	Director	$0	$0	$0
Christopher Skiba	Director	2.00	Director	$0	$0	$0
Frank Bertolino	Director	2.00	Director	$0	$0	$0
Sarah Boucher	Director	2.00	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
2024	No data	No data	No data	No data
2023	$608,229	$602,863	$267,355	$5,366
2022	$550,080	$526,103	$307,287	$23,977
2021	$507,300	$478,743	$413,580	$28,557
2020	$433,614	$348,434	$357,944	$85,180
2019	$578,137	$595,099	$245,094	$-16,962
2018	$572,761	$719,976	$282,083	$-147,215

Greater Newburyport Chamber of Commerce Inc