CHAMBER OF COMMERCE OF NORTHWEST CT (EIN 060564714) - 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

1901

Legal Domicile

Principal Officer

JoAnn M Ryan

Phone

8604826586

Tax Period

2023-01-01 to 2023-12-31

CHAMBER OF COMMERCE OF NORTHWEST CT, founded in 1901, is a small nonprofit that reported $564K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $641K exceeded revenue, resulting in a 14% operating deficit.

Mission

Advance the economic, industrial, cultural and civic welfare of Northwest Connecticut by promoting the physical, economic and human resources of the 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $182,326

Program Service Revenue $367,266

Investment Income $6,391

Other Revenue $7,579

TOTAL REVENUE $563,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $367,034

Fundraising Expenses $0

Other Expenses $273,644

TOTAL EXPENSES $640,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$563,562	$1,030,899	-0.5%
Expenses	$640,678	$566,767	+0.1%
Net Income	$-77,116	$464,132	-1.2%

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

100

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

$125,852

Total Directors

$125,852

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JoAnn M Ryan	President	35.00	Officer Director	$121,185	$4,667	$125,852
Maria Gonzalez	Vice Chairwoman	2.00	Officer Director	$0	$0	$0
Gina Mariano Bunch	Secretary	2.00	Officer Director	$0	$0	$0
Jade LaBella	Director	1.00	Director	$0	$0	$0
Christina McCulloch	Director	1.00	Director	$0	$0	$0
Carolyn Morrison	past chairman	1.00	Director	$0	$0	$0
Ted Shafer	Treasurer	2.00	Officer Director	$0	$0	$0
Jacque Williams	Chairwoman	2.00	Officer Director	$0	$0	$0
Sandy Evans	Director	1.00	Director	$0	$0	$0
Chris DuPont	Director	1.00	Director	$0	$0	$0
Evan Berns	Director	1.00	Director	$0	$0	$0
Todd Bailey	Director	1.00	Director	$0	$0	$0
Joanne Borduas	Director	1.00	Director	$0	$0	$0
Katharine L Briggs	Director	1.00	Director	$0	$0	$0
Moe Chislum	Director	1.00	Director	$0	$0	$0
Joyce Germano	Director	1.00	Director	$0	$0	$0
Stephen Mazzarelli	Director	1.00	Director	$0	$0	$0
David Oliver	Director	1.00	Director	$0	$0	$0
Vanessa Meehan	Director	1.00	Director	$0	$0	$0
Ida Mussen	Director	1.00	Director	$0	$0	$0
Rob Phillips	Director	1.00	Director	$0	$0	$0
Art Mulligan	Director	1.00	Director	$0	$0	$0
Erick Royer	Director	1.00	Director	$0	$0	$0
Stephen Ivain	Director	1.00	Director	$0	$0	$0
George Logan	Director	1.00	Director	$0	$0	$0
Greg Tonon	Director	1.00	Director	$0	$0	$0
Michael Rooke	Director	0.00	Director	$0	$0	$0
Patrick Finn	Director	1.00	Director	$0	$0	$0
Christopher Main	Director	1.00	Director	$0	$0	$0
Matthew Koehler	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	No data	No data	No data	No data
2023	$563,562	$640,678	$676,235	$-77,116
2022	$1,030,899	$566,767	$773,668	$464,132
2021	$627,693	$509,087	$332,654	$118,606
2020	$614,685	$529,429	$258,862	$85,256
2019	$660,303	$618,325	$222,746	$41,978
2018	$703,616	$661,962	$250,130	$41,654

CHAMBER OF COMMERCE OF NORTHWEST CT