Fairfield Chamber of Commerce Inc

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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

1946

Legal Domicile

Principal Officer

Beverly Balaz

Phone

2032551011

Tax Period

2024-07-01 to 2025-06-30

Fairfield Chamber of Commerce Inc, founded in 1946, is a small nonprofit in the Community Improvement sector that reported $412K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $400K left a modest 3% surplus.

Mission

Comprehensive programs to improve the business climate for service, manufacturing and retail businesses doing business in Fairfield, CT while preserving town's lifestyle.

Program Service Accomplishments

Program 1

Expenses: $239,669 Revenue: $241,900

Comprehensive programs to improve the business climate for service, manufacturing and retail in the town.

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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 $151,633

Program Service Revenue $241,900

Investment Income $2,137

Other Revenue $16,774

TOTAL REVENUE $412,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,105

Fundraising Expenses $19,127

Program Expenses $239,669

Other Expenses $209,451

TOTAL EXPENSES $399,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$412,444	$252,976	+0.6%
Expenses	$399,556	$320,691	+0.2%
Net Income	$12,888	$-67,715	-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

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

$104,570

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sam Gen	Treasurer	0.25	Officer Director	$0	$0	$0
Ryan Scully	Chairman	0.25	Officer Director	$0	$0	$0
Dennis Robb	Director	0.25	Director	$0	$0	$0
Magaret Reynolds	Director	0.25	Director	$0	$0	$0
Darrin Fodor	Director	0.25	Director	$0	$0	$0
Julie Vanderblue	Director	0.25	Director	$0	$0	$0
Susan Cipollaro	Secretary	0.25	Officer Director	$0	$0	$0
Robyn Drucker	Director	0.25	Director	$0	$0	$0
Daniel Walsh	Director	0.25	Director	$0	$0	$0
Michael Pida	Director	0.25	Director	$0	$0	$0
Maureen Abrahamson	Director	0.25	Director	$0	$0	$0
Adam Jacobson	Director	0.25	Director	$0	$0	$0
Charlie Rocco	Director	0.25	Director	$0	$0	$0
Deb Noack	Director	0.25	Director	$0	$0	$0
Evan Kleban	Director	0.25	Director	$0	$0	$0
John Gover	Director	0.25	Director	$0	$0	$0
Lucas Seelig	Director	0.25	Director	$0	$0	$0
Nicole Kelman	Director	0.25	Director	$0	$0	$0
Beverly Balaz	President	40.00	Officer	$104,570	$0	$104,570

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	$412,444	$399,556	$213,759	$12,888
2024	$252,976	$320,691	$190,265	$-67,715
2023	$275,952	$316,800	$315,916	$-40,848
2022	$347,339	$357,601	$308,590	$-10,262
2021	$292,065	$249,067	$330,120	$42,998
2020	$245,874	$275,666	$159,309	$-29,792
2019	$306,276	$287,415	$166,159	$18,861