OCEAN COMMUNITY CHAMBER OF COMMERCE (EIN 050382206) - 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

1956

Legal Domicile

Principal Officer

JOANNA VALENTINI

Tax Period

2022-07-01 to 2023-06-30

OCEAN COMMUNITY CHAMBER OF COMMERCE, founded in 1956, is a small nonprofit that reported $618K in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $598K left a modest 3% surplus.

Mission

CHAMBER OF COMMERCE TO CREATE AND MAINTAIN A POSITIVE BUSINESS CLIMATE THAT FOSTERS ECONOMIC PROSPERITY FOR OUR COMMUNITY THROUGH PROGRAMS THAT SUSTAIN LOCAL BUSINESSES, PROMOTE TOURISM, ENHANCE OUR MEMBERS SUCCESS AND CONTRIBUTE TO A THRIVING 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 (2022)

Revenue Breakdown

Contributions & Grants $271,018

Program Service Revenue $141,602

Investment Income $17,190

Other Revenue $188,351

TOTAL REVENUE $618,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $323,253

Fundraising Expenses $0

Other Expenses $275,070

TOTAL EXPENSES $598,323

Year-over-Year Comparison

	2022	2021	Change
Revenue	$618,161	$521,992	+0.2%
Expenses	$598,323	$397,075	+0.5%
Net Income	$19,838	$124,917	-0.8%

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

100

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
LISA KONICKI	PRESIDENT	0.00	Highest	$129,000	$0	$129,000
MELANIE GOGGIN	DIRECTOR	2.00	Director	$0	$0	$0
DAN LATHROP	DIRECTOR	2.00	Director	$0	$0	$0
SUZIE FLORES	DIRECTOR	2.00	Director	$0	$0	$0
WENDY CARR	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS DIPAOLA	DIRECTOR	2.00	Director	$0	$0	$0
KELSEY BYRNE	DIRECTOR	2.00	Director	$0	$0	$0
NICK FERRARO	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE MORROW	DIRECTOR	2.00	Director	$0	$0	$0
CARRIE KENYON	DIRECTOR	2.00	Director	$0	$0	$0
DALE SOWLE	DIRECTOR	2.00	Director	$0	$0	$0
JAN CHAMBERLAIN	DIRECTOR	2.00	Director	$0	$0	$0
JENIFER BRINTON	DIRECTOR	2.00	Director	$0	$0	$0
PAUL DONAHUE	DIRECTOR	2.00	Director	$0	$0	$0
BETH FRENETTE	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON HAESELER	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW CUNNINGHAM	DIRECTOR	2.00	Director	$0	$0	$0
FRANK RITACCO	2ND VICE CHAIRMAN	3.00	Director	$0	$0	$0
MICHELLE PLANTE	DIRECTOR	2.00	Director	$0	$0	$0
MARIA PUCCI	IMMEDIATE PAST CHAIRMAN	3.00	Officer Director	$0	$0	$0
MICHAEL F BENEVIDES	TREASURER	5.00	Officer Director	$0	$0	$0
BETH DAMATO	SECRETARY	3.00	Officer Director	$0	$0	$0
JOHN LAYTON	CHAIRMAN	3.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$618,161	$598,323	$1,361,335	$19,838
2022	$521,992	$397,075	$1,348,228	$124,917
2021	$543,279	$450,031	$1,157,752	$93,248
2020	$718,364	$573,886	$935,135	$144,478
2019	$534,216	$575,682	$747,364	$-41,466
2018	$727,014	$567,172	$775,037	$159,842

OCEAN COMMUNITY CHAMBER OF COMMERCE