CHATHAM CHAMBER OF COMMERCE (EIN 042619692) - 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

1942

Legal Domicile

Principal Officer

MEGAN PENN

Phone

5089455199

Tax Period

2023-10-01 to 2024-09-30

CHATHAM CHAMBER OF COMMERCE, founded in 1942, is a small nonprofit that reported $452K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE CHATHAM CHAMBER OF COMMERCE IS TO BE AN ADVOCATE FOR OUR LOCAL BUSINESSES, TO SUPPORT OUR MEMBERSHIP WITH VALUE ADDED SERVICES, AND TO CONTRIBUTE TO THE SUCCESS OF OUR 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $85,178

Program Service Revenue $248,975

Investment Income $417

Other Revenue $117,204

TOTAL REVENUE $451,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,939

Fundraising Expenses $0

Other Expenses $307,276

TOTAL EXPENSES $442,215

Year-over-Year Comparison

	2023	2022	Change
Revenue	$451,774	$402,639	+0.1%
Expenses	$442,215	$413,354	+0.1%
Net Income	$9,559	$-10,715	-1.9%

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
DOMONIC BOREFFI	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR BROWN	DIRECTOR	N/A	Director	$0	$0	$0
EMMA CARROLL	DIRECTOR	1.00	Officer Director	$0	$0	$0
KRISTEN DOANE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN FARRELL	SECRETARY	1.00	Officer Director	$0	$0	$0
NANCY GARDNER	TREASURER	1.00	Officer Director	$0	$0	$0
COURTNEY HEALY	DIRECTOR	1.00	Director	$0	$0	$0
ELLA LEAVITT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MCLAIN	DIRECTOR	1.00	Director	$0	$0	$0
GRAEME MILLEY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN MULLER	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN PENN	PRESIDENT	3.00	Officer Director	$0	$0	$0
MARIA PRICE	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA SEGURA	DIRECTOR	1.00	Director	$0	$0	$0
GARY THULANDER	EX-OFFICIO-P	1.00	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	$451,774	$442,215	$291,355	$9,559
2023	$402,639	$413,354	$306,762	$-10,715
2022	$496,611	$468,144	$297,787	$28,467
2021	$370,295	$323,297	$271,375	$46,998
2020	$321,485	$267,044	$204,634	$54,441
2019	$284,667	$336,214	$125,328	$-51,547
2018	$335,562	$281,854	$176,875	$53,708

CHATHAM CHAMBER OF COMMERCE