The Hartford Chamber of Commerce Incorporated (EIN 060383300) - 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

1993

Legal Domicile

Principal Officer

David Griggs

Phone

8605254451

Tax Period

2024-01-01 to 2024-12-31

The Hartford Chamber of Commerce Incorporated, founded in 1993, is a micro nonprofit that reported $60K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 3426% operating deficit.

Mission

To compete aggressively and successfully for jobs, talent and capital.

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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 $24,500

Program Service Revenue $14,220

Investment Income $20,946

Other Revenue $0

TOTAL REVENUE $59,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,050,620

Fundraising Expenses $0

Other Expenses $53,195

TOTAL EXPENSES $2,103,815

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,666	$137,324	-0.6%
Expenses	$2,103,815	$2,179,343	0.0%
Net Income	$-2,044,149	$-2,042,019	+0.0%

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

$646,009

Total Directors

Key Employees

$418,448

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Yvon Alexandre	Director	1.00	Director	$0	$0	$0
Jim Boucher	Director	1.00	Director	$0	$0	$0
Jeff Devereux	Director	1.00	Director	$0	$0	$0
Ben Dubow	Director	1.00	Director	$0	$0	$0
Vicki Gallon Clark	Director	1.00	Director	$0	$0	$0
Moraima Gutierrez	Director	1.00	Director	$0	$0	$0
Max Kothari	Director	1.00	Director	$0	$0	$0
Melissa Melonson	Director	1.00	Director	$0	$0	$0
Jordan Polon	Director	1.00	Director	$0	$0	$0
Rick Stevens	Director	1.00	Director	$0	$0	$0
Kevin kenny	director	1.00	Director	$0	$0	$0
Chelsea Mancini	Director	1.00	Director	$0	$0	$0
David Griggs	President & CEO	40.00	Officer	$312,707	$37,566	$350,273
Julio Concepcion	Executive Director	40.00	Officer	$111,320	$14,886	$126,206
Anne Burns	Chief Operating Officer	40.00	Officer	$152,193	$17,337	$169,530
Eugene Goddard	Chief Business Investment	40.00	Key Emp	$202,845	$30,986	$233,831
Susan Winkler	Vice President	40.00	Key Emp	$161,285	$23,332	$184,617
Kate Baumann	Chief Investor Relations O	40.00	Highest	$147,477	$17,294	$164,771

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	$59,666	$2,103,815	$407,745	$-2,044,149
2023	$137,324	$2,179,343	$806,579	$-2,042,019
2022	$15,640	$2,320,834	$80,435	$-2,305,194
2021	$517,094	$2,506,139	$538,513	$-1,989,045
2020	$175,045	$2,690,570	$650,869	$-2,515,525
2019	$487,395	$699,169	$836,679	$-211,774
2018	$647,840	$841,627	$1,227,113	$-193,787

The Hartford Chamber of Commerce Incorporated