GREATER NORWALK CHAMBER OF COMMERCE INC (EIN 060289785) - 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

1913

Legal Domicile

Principal Officer

Shannon O'Toole Giandurco

Phone

2038662521

Tax Period

2024-04-01 to 2025-03-31

GREATER NORWALK CHAMBER OF COMMERCE INC, founded in 1913, is a small nonprofit in the Community Improvement sector that reported $530K in total revenue in fiscal year 2024. Expenses of $487K left a modest 8% surplus.

Mission

PROMOTION AND SUPPORT OF COMMERCIAL & CIVIC AWARENESS AND ACTIVITIES IN THE GREATER NORWALK AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $285,163

Program Service Revenue $235,313

Investment Income $9,242

Other Revenue $0

TOTAL REVENUE $529,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,827

Fundraising Expenses $0

Program Expenses $486,678

Other Expenses $213,851

TOTAL EXPENSES $486,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$529,718	$531,555	0.0%
Expenses	$486,678	$530,218	-0.1%
Net Income	$43,040	$1,337	+31.2%

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

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

$149,717

Total Directors

$149,717

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shannon O'Toole Giandurco	President	40.0	Officer Director	$99,360	$0	$99,360
BRIAN GRIFFIN	PAST PRESIDENT	40.0	Officer Director	$50,357	$0	$50,357
lissette andino	VP Community Development	1.0	Director	$0	$0	$0
harry carey	VP of Government Affairs	1.0	Director	$0	$0	$0
kevin conroy	director	1.0	Director	$0	$0	$0
peter cordeau	director	1.0	Director	$0	$0	$0
cheryl devonish	director	1.0	Director	$0	$0	$0
marc grenier	director	1.0	Director	$0	$0	$0
Sabrina Godeski	VP Economic Development	1.0	Director	$0	$0	$0
Nicole Weiss	director	1.0	Director	$0	$0	$0
robert king	Chairman	1.0	Officer Director	$0	$0	$0
glen leblanc	Director	1.0	Director	$0	$0	$0
brian lowell	director	1.0	Director	$0	$0	$0
joann mcgrath	director	1.0	Director	$0	$0	$0
peter nolin	director	1.0	Director	$0	$0	$0
kristin okesson	Past Chairperson	1.0	Director	$0	$0	$0
Sheila Content	Treasurer	1.0	Officer Director	$0	$0	$0
Jason Patlis	director	1.0	Director	$0	$0	$0
felix serrano	director	1.0	Director	$0	$0	$0
Matthew Seebeck	director	1.0	Director	$0	$0	$0
rick tavella	VP Membership Development	1.0	Director	$0	$0	$0
Mike Serrao	director	1.0	Director	$0	$0	$0
Fred Dimyan	Vice Chair	1.0	Director	$0	$0	$0
John Auchincloss	Executive Director	1.0	Director	$0	$0	$0
Clayton Fowler	Ex-Officio	1.0	Director	$0	$0	$0
Kenneth Waller	Secretary	1.0	Officer Director	$0	$0	$0
Joseph Collin	Director Development	1.0	Director	$0	$0	$0
Esme Lombard	Director	1.0	Director	$0	$0	$0
Chad Stewart	Director	1.0	Director	$0	$0	$0
RJ Toth III	Director	1.0	Director	$0	$0	$0
Megan Tsagas	Director	1.0	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	$529,718	$486,678	$714,021	$43,040
2024	$531,555	$530,218	$669,337	$1,337
2023	$537,244	$572,478	$682,442	$-35,234
2022	$516,495	$504,714	$692,077	$11,781
2021	$424,782	$473,796	$736,410	$-49,014
2020	$716,375	$635,764	$726,513	$80,611
2019	$661,575	$611,035	$704,044	$50,540
2018	$597,859	$611,933	$641,462	$-14,074

GREATER NORWALK CHAMBER OF COMMERCE INC