GREATER MANCHESTER CHAMBER OF COMMERCE INC

EIN: 060438630

MANCHESTER, CT

Total Revenue
$160,288
Total Expenses
$205,413
Total Assets
$76,776
Net Assets
$71,276
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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
CT
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.

Program Service Accomplishments

Program 1

ORGANIZATION SPONSORS PROGRAMS AND PROVIDES PUBLICATIONS WHICH AID IN THE PROMOTION OF THE ECONOMIC, INDUSTRIAL, PROFESSIONAL, CULTURAL AND CIVIC WELFARE OF THE GREATER MANCHESTER 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%)

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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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Governance

Voting Members
25
Independent Members
25
Employees
3
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
8
$95,769
Total Directors
28
$95,769
Key Employees
0
$0
Highest Compensated
0
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
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