STONEHAM CHAMBER OF COMMERCE INC

EIN: 042936730

STONEHAM, MA

Total Revenue
$201,960
Total Expenses
$200,841
Total Assets
$119,031
Net Assets
$75,666
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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
MA
Phone
7814380001
Tax Period
2021-10-01 to 2022-09-30

STONEHAM CHAMBER OF COMMERCE INC, founded in 1984, is a small nonprofit that reported $202K in total revenue in fiscal year 2021. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE CIVIC WELFARE OF THE BUSINESSES AND RESIDENTS OF THE TOWN OF STONEHAM AND ITS SURROUNDING 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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $103,315
Program Service Revenue $84,545
Investment Income $142
Other Revenue $13,958
TOTAL REVENUE $201,960

Expense Breakdown

Grants Paid $2,250
Salaries & Benefits $84,136
Fundraising Expenses $0
Program Expenses $40,997
Other Expenses $114,455
TOTAL EXPENSES $200,841

Year-over-Year Comparison

2021 2020 Change
Revenue $201,960 $127,462 +0.6%
Expenses $200,841 $126,986 +0.6%
Net Income $1,119 $476 +1.4%
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
17
Independent Members
17
Employees
2
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGAN DAY EXECUTIVE DIRECTOR 40.00
$58,000 $0 $58,000
ERIC BERGSTROM Vice President 0.00
Director
$0 $0 $0
VERONICA ST CYR Vice President 0.00
Director
$0 $0 $0
JEFF BUXTON President 0.00
Director
$0 $0 $0
CHRIS SENNA Director 0.00
Director
$0 $0 $0
KARYN MILLERICK Secretary 0.00
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
2022 $201,960 $200,841 $119,031 $1,119
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