MILFORD CHAMBER OF COMMERCE INC

EIN: 060691843

MILFORD, CT

Total Revenue
$359,665
Total Expenses
$379,416
Total Assets
$33,464
Net Assets
$-103,056
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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

Legal Domicile
CT
Principal Officer
MICHAEL E MOSES
Phone
2038780681
Tax Period
2024-01-01 to 2024-12-31

MILFORD CHAMBER OF COMMERCE INC is a small nonprofit that reported $360K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PROVIDE PROGRAMS AND NETWORKING OPPORTUNITIES FOR THE MEMBERSHIP

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $359,662
Investment Income $3
Other Revenue $0
TOTAL REVENUE $359,665

Expense Breakdown

Grants Paid $0
Salaries & Benefits $187,281
Fundraising Expenses $0
Program Expenses $198,450
Other Expenses $192,135
TOTAL EXPENSES $379,416

Year-over-Year Comparison

2024 2023 Change
Revenue $359,665 $311,989 +0.2%
Expenses $379,416 $356,138 +0.1%
Net Income $-19,751 $-44,149 -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

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Governance

Voting Members
24
Independent Members
24
Employees
2
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
2
$88,488
Total Directors
2
$88,488
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL E MOSES EXECUTIVE DI 40.00
Officer Director
$88,488 $0 $88,488
SEE ATTACHED LIST DIRECTORS N/A
Director
$0 $0 $0
GLENN D BECK ASST TREASUR N/A
Officer
$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 $359,665 $379,416 $33,464 $-19,751
2023 $311,989 $356,138 $52,168 $-44,149
2022 $277,562 $332,397 $101,744 $-54,835
2021 $194,792 $171,066 $170,408 $23,726
2020 $174,277 $207,655 $133,541 $-33,378
2019 $218,046 $233,769 $41,526 $-15,723
2018 $237,909 $230,535 $57,576 $7,374
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