WINTHROP CHAMBER OF COMMERCE INC

EIN: 042807677

WINTHROP, MA

Total Revenue
$155,602
Total Expenses
$149,310
Total Assets
$250,158
Net Assets
$235,536
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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
1962
Legal Domicile
MA
Principal Officer
SHERYL QUEEN
Phone
6178469898
Tax Period
2021-01-01 to 2021-12-31

WINTHROP CHAMBER OF COMMERCE INC, founded in 1962, is a small nonprofit that reported $156K in total revenue in fiscal year 2021. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $149K left a modest 4% surplus.

Mission

ENHANCE BUSINESS AND COMMUNITY RELATIONSHIPS

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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 (2021)

Revenue Breakdown

Contributions & Grants $64,828
Program Service Revenue $89,686
Investment Income $740
Other Revenue $348
TOTAL REVENUE $155,602

Expense Breakdown

Grants Paid $500
Salaries & Benefits $89,721
Fundraising Expenses $0
Other Expenses $31,529
TOTAL EXPENSES $149,310

Year-over-Year Comparison

2021 2020 Change
Revenue $155,602 $115,257 +0.4%
Expenses $149,310 $151,327 0.0%
Net Income $6,292 $-36,070 -1.2%
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

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Governance

Voting Members
7
Independent Members
7
Employees
3
Volunteers
10

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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VINCENT RECHIA PRESIDENT 10.00
Officer
$0 $0 $0
BRIAN PERRIN VICE PRESIDENT 10.00
Officer
$0 $0 $0
JOSEPH CLARK TRUSTEE 2.000
Director
$0 $0 $0
MARIANN RUSSO CLERK 10.00
Officer
$0 $0 $0
ELIZABETH SHANE EXECUTIVE DIRECTOR 40.00
Highest
$57,500 $0 $57,500
JOSEPH GUGINO TRUSTEE 2.000
Director
$0 $0 $0
THOMAS HANKARD TRUSTEE 2.000
Director
$0 $0 $0
ERNEST HARDY TRUSTEE 2.000
Director
$0 $0 $0
SHERYL QUEEN TREASURER 2.000
Officer
$0 $0 $0
STEPHEN QUIGLEY TRUSTEE 2.000
Director
$0 $0 $0
RICHARD CAWTHORNE TRUSTEE 2.000
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
2021 $155,602 $149,310 $250,158 $6,292
2020 $115,257 $151,327 $248,446 $-36,070
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