Milford Area Chamber of Commerce Inc (EIN 042435427) - 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

1922

Legal Domicile

Principal Officer

Laura OCallaghan

Tax Period

2023-01-01 to 2023-12-31

Milford Area Chamber of Commerce Inc, founded in 1922, is a small nonprofit that reported $187K in total revenue in fiscal year 2023. Expenses of $240K exceeded revenue, resulting in a 28% operating deficit.

Mission

Advancing the commercial, industrial, civic, professional, agricultural, cultural, educational and social welfare of the people of greater Milford, MA.

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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 $0

Program Service Revenue $157,507

Investment Income $0

Other Revenue $29,924

TOTAL REVENUE $187,431

Expense Breakdown

Grants Paid $1,025

Salaries & Benefits $177,678

Fundraising Expenses $0

Other Expenses $61,615

TOTAL EXPENSES $240,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,431	$195,433	0.0%
Expenses	$240,318	$224,845	+0.1%
Net Income	$-52,887	$-29,412	+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

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
Thea Cerio	Director	1.00	Director	$0	$0	$0
Doug Lanzillo	Director	1.00	Director	$0	$0	$0
Ariane Morias	Director	1.00	Director	$0	$0	$0
Aravind Sukumaran	Director	1.00	Director	$0	$0	$0
Beth Caico	Director	1.00	Director	$0	$0	$0
Miguelina Peralta-Bobrick	Director	1.00	Director	$0	$0	$0
Meghan Moylan	Director	1.00	Director	$0	$0	$0
Liz Fleming	Director	1.00	Director	$0	$0	$0
Nancy Andrie	Director	1.00	Director	$0	$0	$0
Tony Gallo	Director	1.00	Director	$0	$0	$0
Nick Valorie	Director	1.00	Director	$0	$0	$0
Thomas Reardon	Director & Chair-Elect	1.00	Director	$0	$0	$0
Sean Coyle	Director	1.00	Director	$0	$0	$0
Ashley Coffey	Chair-Elect	1.00	Director	$0	$0	$0
Joel Carrara	Vice Chairman	1.00	Officer Director	$0	$0	$0
Jamie Doucette	Treasurer	1.00	Officer Director	$0	$0	$0
Krishna Swanson	Secretary	1.00	Officer Director	$0	$0	$0
Laura OCallaghan	President & CEO	40.00	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	$187,431	$240,318	$26,079	$-52,887
2022	$195,433	$224,845	$79,531	$-29,412
2021	$287,688	$226,958	$110,878	$60,730
2020	$172,262	$193,065	$59,440	$-20,803

Milford Area Chamber of Commerce Inc