GREATER MANCHESTER CHAMBER OF COMMERCE INC (EIN 060438630) - 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

1990

Legal Domicile

Principal Officer

MILLIE TEXIDOR-MAFUCCI

Phone

8606462223

Tax Period

2023-07-01 to 2024-06-30

GREATER MANCHESTER CHAMBER OF COMMERCE INC, founded in 1990, is a small nonprofit that reported $160K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $205K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE GOAL OF THE GREATER MANCHESTER CHAMBER OF COMMERCE IS TO PROMOTE THE TOWN OF MANCHESTER TO MAKE IT A BETTER PLACE TO LIVE AND WORK AND DO BUSINESS IN.

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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 $96,898

Program Service Revenue $0

Investment Income $3,279

Other Revenue $60,111

TOTAL REVENUE $160,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,433

Fundraising Expenses $0

Other Expenses $68,980

TOTAL EXPENSES $205,413

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,288	$200,692	-0.2%
Expenses	$205,413	$191,059	+0.1%
Net Income	$-45,125	$9,633	-5.7%

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

$95,769

Total Directors

$95,769

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYWAN WATKINS	DIRECTOR	0.00	Director	$0	$0	$0
TIFFANY GELSOMINO	DIRECTOR	0.00	Director	$0	$0	$0
SHANNON BALDASSARIO	DIRECTOR	0.00	Director	$0	$0	$0
JORDON COE	INCOMING CHAIR	0.00	Officer Director	$0	$0	$0
DAN WILSON	VP DIVISIONS	0.00	Officer Director	$0	$0	$0
TAYLOR LAJEUNESSE	DIRECTOR	0.00	Director	$0	$0	$0
JOHN GARAVENTA	DIRECTOR	0.00	Director	$0	$0	$0
GREG GHEZZI	DIRECTOR	0.00	Director	$0	$0	$0
THEODORE KOWALESKI	DIRECTOR	0.00	Director	$0	$0	$0
BRIAN PIOGGIA	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN O'BRIEN	CHAIRMAN	0.00	Officer Director	$0	$0	$0
CAROL CAVALIERI	DIRECTOR	0.00	Director	$0	$0	$0
BETH STAFFORD	VP OF DIVISIONS	0.00	Officer Director	$0	$0	$0
ROBERT WILSON	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN ZINGLER	DIRECTOR	0.00	Director	$0	$0	$0
MILLIE TEXIDOR-MAFFUCCI	PRESIDENT	40.00	Officer Director	$95,769	$0	$95,769
LYNETTE ESPINOSA	VP FINANCE	0.00	Officer Director	$0	$0	$0
PHILIP NEMPHOS	VP DIVISIONS	0.00	Officer Director	$0	$0	$0
TAMARA WOMACK-SPEAKS	DIRECTOR	0.00	Director	$0	$0	$0
DAN STORER	VP DIVISIONS	0.00	Officer Director	$0	$0	$0
KELLY RAY	DIRECTOR	0.00	Director	$0	$0	$0
MEREDITH BARRETT	DIRECTOR	0.00	Director	$0	$0	$0
SHELL SAWYER	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN YOUNG	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM DARBY	EX-OFFICIO	0.00	Director	$0	$0	$0
MATTHEW GEARY	EX-OFFICIO	0.00	Director	$0	$0	$0
TRENT J BARBER	DIRECTOR	0.00	Director	$0	$0	$0
STEPHEN STEPHANOU	EX-OFFICIO	0.00	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	$160,288	$205,413	$76,776	$-45,125
2023	$200,692	$191,059	$119,791	$9,633
2021	$204,717	$191,857	$135,841	$12,860
2020	$196,057	$234,360	$113,856	$-38,303
2019	$228,909	$239,464	$156,334	$-10,555

GREATER MANCHESTER CHAMBER OF COMMERCE INC