GREATER BOSTON CHAMBER OF COMMERCE FOUNDATIONINC(FKA GREATER BOSTON CORP) (EIN 042790704) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

JAMES E ROONEY

Phone

6172274500

Tax Period

2023-01-01 to 2023-12-31

GREATER BOSTON CHAMBER OF COMMERCE FOUNDATIONINC(FKA GREATER BOSTON CORP) is a 501(c)(3) with EIN 042790704, based in BOSTON, MA. Founded in 1984, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $2,008,455 in total revenue and $1,101,094 in total expenses, with net assets of $797,572.

Mission

TRANSFORM THE LIVES OF CURRENT AND FUTURE RESIDENTS BY LEVERAGING THE COMMONWEALTH'S UNTAPPED TALENT, CHAMPIONING SMALL BUSINESSES AND CREATING TOMORROW'S LEADERS IN SUPPORT OF A 21ST CENTURY ECONOMY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,008,455

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,008,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,058,046

Other Expenses $1,101,094

TOTAL EXPENSES $1,101,094

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,008,455	N/A	N/A
Expenses	$1,101,094	N/A	N/A
Net Income	$907,361	$0	N/A

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

N/A

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

$835,014

Total Directors

Key Employees

$490,664

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YVONNE GARCIA	DIRECTOR	0.20	Director	$0	$0	$0
CHARLAYNE MURRELL-SMITH	DIRECTOR	0.20	Director	$0	$0	$0
SANDRA EDGERLY	DIRECTOR	0.20	Director	$0	$0	$0
VERONIQUE SPRUILL	DIRECTOR	0.20	Director	$0	$0	$0
KEVIN BYNOE	DIRECTOR	0.20	Director	$0	$0	$0
ABIGAIL PAUL	TREASURER/DIRECTOR	1.50	Officer	$0	$0	$0
JAMES E ROONEY	PRESIDENT/CHAIRMAN	50.00	Officer	$0	$25,712	$835,014
MELISSA SAMPSON MCMORROW	CLERK	0.20	Officer	$0	$0	$0
CELIA RICHA	SENIOR VP, STRATEGIC INITIATIVES & POLICY	1.00	Key Emp	$0	$31,491	$285,606
BEILEI HUANG	SENIOR DIRECTOR, FINANCE & ADMINISTRATION	1.00	Key Emp	$0	$26,727	$205,058
BENJAMIN STUART	VP, FINANCE & TECHNOLOGY	1.00	Highest	$0	$25,717	$174,053

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	$2,008,455	$1,101,094	$1,015,776	$907,361

GREATER BOSTON CHAMBER OF COMMERCE FOUNDATIONINC(FKA GREATER BOSTON CORP)