STONEHAM CHAMBER OF COMMERCE INC

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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

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

Program Service Accomplishments

Program 1

Expenses: $19,570 Revenue: $42,606

TOWN DAY - A DAY LONG FESTIVAL TO CELEBRATE THE STONEHAM COMMUNITY

Program 2

Expenses: $5,367 Revenue: $9,700

CONCERT SERIES - WEEKLY FREE SUMMER OUTDOOR CONCERTS FOR THE STONEHAM COMMUNITY

Program 3

Expenses: $5,255 Revenue: $9,745

COMMON LIGHTING - HOLIDAY TREE LIGHTING CELEBRATION FOR THE COMMUNITY ON THE TOWN COMMON

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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 (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

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
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