TRI-TOWN CHAMBER OF COMMERCE INC (EIN 042975004) - 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

1986

Legal Domicile

Principal Officer

KARA GRIFFIN

Phone

5083395655

Tax Period

2023-01-01 to 2023-12-31

TRI-TOWN CHAMBER OF COMMERCE INC, founded in 1986, is a small nonprofit that reported $242K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $211K left a modest 12% surplus.

Mission

THE TRI-TOWN CHAMBER OF COMMERCE, INC. IS A NON-PROFIT MEMBERSHIP ORGANIZATION REPRESENTING BUSINESS AND PROFESSIONAL PEOPLE. ITS MISSION IS TO BRING BUSINESS PEOPLE TOGETHER TO IMPROVE THE ECONOMIC WELL-BEING OF THEIR ORGANIZATIONS AND THEREBY IMPROVE THE QUALITY OF LIFE IN FOXBOROUGH, MANSFIELD AND NORTON. THE CHAMBER IS COMMITTED TO PROVIDING EFFECTIVE BUSINESS LEADERSHIP, FOSTERING A HEALTHY BUSINESS CLIMATE AND PROMOTING AWARENESS AND APPRECIATION OF THE TRI-TOWN AREA. IN PURSUING ITS MISSION, THE CHAMBER WILL DEMONSTRATE SENSITIVITY AND RESPONSIVENESS TO THE NEEDS AND CONCERNS OF THE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $117,523

Program Service Revenue $108,674

Investment Income $565

Other Revenue $14,795

TOTAL REVENUE $241,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,766

Fundraising Expenses $0

Other Expenses $101,652

TOTAL EXPENSES $211,418

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,557	$206,182	+0.2%
Expenses	$211,418	$202,917	+0.0%
Net Income	$30,139	$3,265	+8.2%

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

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

$81,016

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
F JAY BARROWS	DIRECTOR	2.00	Director	$0	$0	$0
FELIX BETRO	DIRECTOR	2.00	Director	$0	$0	$0
PETER CLARK	DIRECTOR	2.00	Director	$0	$0	$0
CARIE ANN BAILEY	PRESIDENT	2.00	Officer	$0	$0	$0
N/A	PAST PRESID	2.00	Officer	$0	$0	$0
KARA GRIFFIN	EXECUTIVE DI	40.00	Officer	$81,016	$0	$81,016
DANIELLE FISH	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN QUINN	VICE PRES OF	2.00	Officer	$0	$0	$0
WENDY COHEN	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES TAYLOR	PRESIDENT EL	2.00	Officer	$0	$0	$0
DEBRA LEARY	TREASURER	2.00	Officer	$0	$0	$0
SARA SHEVLIN	VP OF MEMBER	2.00	Director	$0	$0	$0
KATHY LUCAS	VP OF MEMBER	2.00	Director	$0	$0	$0
ANDRE ARZUMANYAN	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL BROWN	DIRECTOR	2.00	Director	$0	$0	$0
DIANA GRIFFIN	SECRETARY	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$241,557	$211,418	$255,429	$30,139
2022	$206,182	$202,917	$235,919	$3,265
2021	$183,084	$163,757	$242,721	$19,327
2020	$164,574	$158,189	$231,210	$6,385
2019	$230,112	$234,272	$231,582	$-4,160
2018	$263,018	$254,972	$244,256	$8,046

TRI-TOWN CHAMBER OF COMMERCE INC