Chamber of Commerce of Eastern Connecticut Inc (EIN 060475490) - 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

1945

Legal Domicile

Phone

8607019113

Tax Period

2024-01-01 to 2024-12-31

Chamber of Commerce of Eastern Connecticut Inc, founded in 1945, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $266K, a strong 15% operating margin.

Mission

The Chamber of Commerce of Eastern Connecticut, Inc. is a collaborative of business and community leaders dedicated to securing and enhancing the economic vitality of eastern Connecticut.

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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 $612,261

Program Service Revenue $871,634

Investment Income $537

Other Revenue $263,600

TOTAL REVENUE $1,748,032

Expense Breakdown

Grants Paid $0

Salaries & Benefits $904,986

Fundraising Expenses $0

Program Expenses $807,351

Other Expenses $577,503

TOTAL EXPENSES $1,482,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,748,032	$2,162,280	-0.2%
Expenses	$1,482,489	$1,476,499	+0.0%
Net Income	$265,543	$685,781	-0.6%

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

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

$187,491

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Sheridan	President & CEO	40.00	Officer	$187,491	$0	$187,491
Anthony Joyce	Chairman	1.00	Officer Director	$0	$0	$0
Eric Callahan	Director	1.00	Director	$0	$0	$0
Heather Cini Roberts	Treasurer	1.00	Officer Director	$0	$0	$0
Katherine Ericson	Director	1.00	Director	$0	$0	$0
Jeff Godley	Secretary	1.00	Officer Director	$0	$0	$0
Anna Lathrop	Director	1.00	Director	$0	$0	$0
Dave Meisinger	Director	1.00	Director	$0	$0	$0
Charles Bunnell	Director	1.00	Director	$0	$0	$0
Tai Au	Director	1.00	Director	$0	$0	$0
Marguerite Driscoll	Vice Chair	1.00	Officer Director	$0	$0	$0
Donna Handley	Director	1.00	Director	$0	$0	$0
Brian Orenstein	Director	1.00	Director	$0	$0	$0
Michael Ausere	Director	1.00	Director	$0	$0	$0
Blair Bendel	Director	1.00	Director	$0	$0	$0
Tina Couch	Director	1.00	Director	$0	$0	$0
Laurie Finan	Director	1.00	Director	$0	$0	$0
Lou Ziegler	Director	1.00	Director	$0	$0	$0
Peter Armstrong	Director	1.00	Director	$0	$0	$0
Richard Lisitano	Director	1.00	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
2024	$1,748,032	$1,482,489	$2,853,713	$265,543
2023	$2,162,280	$1,476,499	$3,016,376	$685,781
2022	$2,363,996	$1,286,644	$2,362,257	$1,077,352
2021	$1,762,572	$1,618,670	$829,372	$143,902
2020	$1,082,969	$874,887	$704,822	$208,082
2019	$1,357,660	$1,366,613	$436,982	$-8,953
2018	$1,304,448	$1,312,949	$524,044	$-8,501

Chamber of Commerce of Eastern Connecticut Inc