EAST GREENWICH CHAMBER OF COMMERCE

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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

Principal Officer

STACY LEVIN

Phone

4018850020

Tax Period

2023-01-01 to 2023-12-31

EAST GREENWICH CHAMBER OF COMMERCE is a small nonprofit that reported $328K in total revenue in fiscal year 2023. Expenses of $367K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROMOTE AND ENHANCE BUSINESS DEVELOPMENT THROUGH FREE ENTERPRISE AND BY FOSTERING COOPERATION BETWEEN BUSINESS, GOVERNMENT AND THE COMMUNITY.

Program Service Accomplishments

Program 1

TO PROMOTE AND ENHANCE BUSINESS DEVELOPMENT THROUGH FREE ENTERPRISE AND BY FOSTERING COOPERATION BETWEEN BUSINESS, GOVERNMENT AND 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 $142,851

Program Service Revenue $185,318

Investment Income $0

Other Revenue $0

TOTAL REVENUE $328,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,431

Fundraising Expenses $0

Other Expenses $203,701

TOTAL EXPENSES $367,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$328,169	$336,793	0.0%
Expenses	$367,132	$362,049	+0.0%
Net Income	$-38,963	$-25,256	+0.5%

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
DR DEVON BARLEY	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA BIEDERMAN	DIRECTOR	1.00	Director	$0	$0	$0
GREG CALDARONE	DIRECTOR	1.00	Director	$0	$0	$0
CARMINE DELUCA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA KAPLAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN KITCHIN	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA MARTINELLI	TREASURER	2.00	Director	$0	$0	$0
ANDREW NOTA	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA RASKIN	DIRECTOR	1.00	Director	$0	$0	$0
SANTOSH SHANBAG	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS STENCAL	DIRECTOR	1.00	Director	$0	$0	$0
MICK TEDESCO	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY FERRARA	TREASURER	2.00	Officer	$0	$0	$0
JOSEPH HINDLE	VICE PRESIDE	2.00	Officer	$0	$0	$0
STACY LEVIN	PAST PRESIDE	2.00	Officer	$0	$0	$0
MIKE MANCUSO	PRESIDENT	4.00	Officer	$0	$0	$0
THERESE VEZERIDIS	SECRETARY	2.00	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	$328,169	$367,132	$1,745	$-38,963
2022	$336,793	$362,049	$16,291	$-25,256
2021	$301,892	$291,957	$27,966	$9,935
2020	$232,517	$221,204	$23,006	$11,313
2019	$294,670	$276,898	$4,507	$17,772
2018	$287,871	$287,633	$7,715	$238