THE CHAMBER OF COMMERCE OF GREATER WATERBURY CONNECTICUT INC (EIN 060289787) - 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

1889

Legal Domicile

Principal Officer

LYNN WARD

Phone

2037570701

Tax Period

2024-04-01 to 2025-03-31

THE CHAMBER OF COMMERCE OF GREATER WATERBURY CONNECTICUT INC, founded in 1889, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024.

Mission

BUSINESS LEAGUE

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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 $616,865

Program Service Revenue $1,052,035

Investment Income $3,256

Other Revenue $0

TOTAL REVENUE $1,672,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,081,157

Fundraising Expenses $0

Program Expenses $2,220,708

Other Expenses $624,689

TOTAL EXPENSES $1,705,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,672,156	$1,606,751	+0.0%
Expenses	$1,705,846	$1,585,276	+0.1%
Net Income	$-33,690	$21,475	-2.6%

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

$266,140

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY B O'CONNOR	SECRETARY	1.00	Officer Director	$0	$0	$0
TIMOTHY BERGSTROM	TREASURER	1.00	Officer Director	$0	$0	$0
JASON VAN STONE	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARY CHIAPPALONE	PAST CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
JACK E TRAVER JR	FIRST VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLIAM J PALOMBA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOSEPH BOTTONE	DIRECTOR	0.50	Director	$0	$0	$0
BILL BARRIEAU	DIRECTOR	1.00	Director	$0	$0	$0
KIM KALAJAINEN	DIRECTOR	0.50	Director	$0	$0	$0
ROSEMARY BRIGLIA	DIRECTOR	0.50	Officer Director	$0	$0	$0
FRANCES BATISTA	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES J BOULIER III	DIRECTOR	0.50	Director	$0	$0	$0
JOHN LOMBARD	DIRECTOR	0.50	Director	$0	$0	$0
JANICE MITCHELL-SMITH	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA CHAPMAN	DIRECTOR	0.50	Director	$0	$0	$0
NECAS COLLINS	DIRECTOR	0.50	Director	$0	$0	$0
CHET DOHENY	OFFICER	1.00	Officer Director	$0	$0	$0
LORI DOSSANTOS	DIRECTOR	0.50	Director	$0	$0	$0
BILL CONCANNON	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
ANTONIO MANCINI	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM RYBCZYK	DIRECTOR	0.50	Director	$0	$0	$0
MOLLY KELLOGG	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY D MCLELLAM	DIRECTOR	0.50	Director	$0	$0	$0
SELIM G NOUJAIM	OFFICER	1.00	Officer Director	$0	$0	$0
SARAH DIMEO-CARABETTA	DIRECTOR	0.50	Director	$0	$0	$0
CARMEN ROMEO	DIRECTOR	0.50	Director	$0	$0	$0
ADAM GORSKI	DIRECTOR	0.50	Director	$0	$0	$0
TOM HAYNES	DIRECTOR	0.50	Director	$0	$0	$0
FUMIKO HOEFT	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM TOMASSO	DIRECTOR	0.50	Director	$0	$0	$0
ANN MARINO	DIRECTOR	0.50	Director	$0	$0	$0
MARGRET WARNER	DIRECTOR	0.50	Director	$0	$0	$0
NICK ZAINO	DIRECTOR	0.50	Officer Director	$0	$0	$0
CATHY AWWAD	DIRECTOR	0.50	Director	$0	$0	$0
GIUSEPPE PISANI	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN SPRANO	DIRECTOR	0.50	Director	$0	$0	$0
DEBORAH WEYMOUTH	DIRECTOR	0.50	Director	$0	$0	$0
LYNN G WARD	PRESIDENT/CEO	40.00	Key Emp	$225,287	$40,853	$266,140

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	$1,672,156	$1,705,846	$1,132,173	$-33,690
2024	$1,606,751	$1,585,276	$1,059,874	$21,475
2024	$1,606,751	$1,585,276	$1,059,874	$21,475
2023	$1,565,868	$1,523,913	$1,111,353	$41,955
2022	$1,470,385	$1,208,220	$942,228	$262,165
2021	$1,042,704	$927,567	$903,990	$115,137
2020	$1,442,696	$1,413,824	$669,666	$28,872
2019	$1,408,914	$1,382,801	$643,305	$26,113
2018	$1,411,832	$1,398,522	$568,685	$13,310

THE CHAMBER OF COMMERCE OF GREATER WATERBURY CONNECTICUT INC