BEVERLY CHAMBER OF COMMERCE INC (EIN 042893024) - 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

1984

Legal Domicile

Principal Officer

MEDLEY LONG III

Phone

9782329559

Tax Period

2023-01-01 to 2023-12-31

BEVERLY CHAMBER OF COMMERCE INC, founded in 1984, is a small nonprofit that reported $355K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $330K left a modest 7% surplus.

Mission

THE CHAMBER WORKS TO IMPROVE THE GREATER BEVERLY'S ECONOMY AND QUALITY OF LIFE.

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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 $137,423

Program Service Revenue $163,057

Investment Income $1,558

Other Revenue $53,159

TOTAL REVENUE $355,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,790

Fundraising Expenses $0

Program Expenses $67,639

Other Expenses $175,380

TOTAL EXPENSES $330,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$355,197	$297,890	+0.2%
Expenses	$330,170	$308,792	+0.1%
Net Income	$25,027	$-10,902	-3.3%

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

Total Directors

$97,776

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE GOULD	Executive Dir.	40.00	Director	$97,776	$0	$97,776
ROBERT MITCHELL JR	Director	2.00	Director	$0	$0	$0
GARY BUNKER	Director	2.00	Director	$0	$0	$0
SUSAN WEEKS	Director	2.00	Director	$0	$0	$0
ALAN TEMKIN	Director	2.00	Director	$0	$0	$0
DAVID RAY	Director	2.00	Director	$0	$0	$0
JONATHAN DAVIS	Director	2.00	Director	$0	$0	$0
NICK HARRON	Director	2.00	Director	$0	$0	$0
THERESA ESPINOLA	Director	2.00	Director	$0	$0	$0
KELLY DEFELICE	Director	2.00	Director	$0	$0	$0
PAUL GENTILE	Director	2.00	Director	$0	$0	$0
ANDREW GALLANT	Director	2.00	Director	$0	$0	$0
MELISSA MCLAUGHLIN	Director	2.00	Director	$0	$0	$0
GWEN RYAN	Director	2.00	Director	$0	$0	$0
TIM FLAHERTY	Director	2.00	Director	$0	$0	$0
JANE MCNALLY	Director	2.00	Director	$0	$0	$0
RICHARD VINCENT	Vice President	2.00	Director	$0	$0	$0
MATTHEW PIAKER	Director	2.00	Director	$0	$0	$0
DAYNA MORTON	Director	2.00	Director	$0	$0	$0
ALICIA ZAMPITELLA	Director	2.00	Director	$0	$0	$0
VICTORIA PATTERSON	Director	2.00	Director	$0	$0	$0
BROOKE ZAGARRI	Director	2.00	Director	$0	$0	$0
MEDLEY LONG III	President	10.00	Officer	$0	$0	$0
KIMBERLY BALLARD	Secretary	5.00	Officer	$0	$0	$0
HANNA LINKE	Treasurer	5.00	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	$355,197	$330,170	$132,480	$25,027
2022	$297,890	$308,792	$113,489	$-10,902
2021	$314,699	$260,495	$129,033	$54,204
2020	$205,904	$275,702	$113,735	$-69,798
2019	$292,340	$278,681	$130,323	$13,659
2018	$220,060	$288,425	$204,676	$-68,365

BEVERLY CHAMBER OF COMMERCE INC