NORTHEASTERN CONNECTICUT CHAMBER OF COMMERCE INC (EIN 060700367) - 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

1995

Legal Domicile

Principal Officer

AMY BRUNET

Phone

8607748001

Tax Period

2025-01-01 to 2025-12-31

NORTHEASTERN CONNECTICUT CHAMBER OF COMMERCE INC, founded in 1995, is a small nonprofit that reported $342K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. Expenses of $386K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROMOTION OF POSITIVE BUSINESS CONDITIONS IN NORTHEASTERN CONNECTICUT BY HOLDING VARIOUS MEMBER EVENTS IN 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 (2025)

Revenue Breakdown

Contributions & Grants $224,304

Program Service Revenue $36,664

Investment Income $3,833

Other Revenue $77,637

TOTAL REVENUE $342,438

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $188,489

Fundraising Expenses $0

Other Expenses $194,535

TOTAL EXPENSES $385,524

Year-over-Year Comparison

	2025	2024	Change
Revenue	$342,438	$423,671	-0.2%
Expenses	$385,524	$402,413	0.0%
Net Income	$-43,086	$21,258	-3.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM COURTURE	TREASURER	0.50	Officer Director	$0	$0	$0
STEPHEN ADAMS	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN BERNADO	DIRECTOR	0.50	Director	$0	$0	$0
LINDA AUGER	DIRECTOR	0.50	Director	$0	$0	$0
DONNA COPELAND	DIRECTOR	0.50	Director	$0	$0	$0
JASON VERRANEAULT	PRESIDENT	0.50	Officer Director	$0	$0	$0
JO-ANN CHENAIL	SECRETARY	0.50	Officer Director	$0	$0	$0
JOSEPH CARLONE JR	IMMEDIATE PAST PRESIDENT	0.50	Officer Director	$0	$0	$0
DANIEL BRENNAN	DIRECTOR	0.50	Director	$0	$0	$0
TIMOTHY DEVIVO	DIRECTOR	0.50	Director	$0	$0	$0
GENE MICHAEL DEARY	DIRECTOR	0.50	Director	$0	$0	$0
ANNE MILLER	DIRECTOR	0.50	Director	$0	$0	$0
JAMES ZAHANSKY	DIRECTOR	0.50	Director	$0	$0	$0
SARAH HEMINGWAY	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW MORRISON	DIRECTOR	0.50	Director	$0	$0	$0
RUSTY HAINES	DIRECTOR	0.50	Director	$0	$0	$0
R KYLE KRAMER	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA MEYERS	DIRECTOR	0.50	Director	$0	$0	$0
MARIA THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
AMY BRUNET	SECOND VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DENTON GATES	DIRECTOR	0.50	Director	$0	$0	$0
JAKE DYKEMAN	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA VAN DER SWAAGH	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA SMART	FIRST VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
ELAINE WENTZELL	DIRECTOR	0.50	Director	$0	$0	$0
SHAWN JOHNSTON	DIRECTOR	0.50	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	$342,438	$385,524	$370,188	$-43,086
2024	No data	No data	No data	No data
2023	$424,436	$444,645	$400,040	$-20,209
2022	$360,181	$362,564	$424,677	$-2,383
2021	$370,840	$332,226	$432,136	$38,614
2020	$381,494	$364,196	$397,092	$17,298
2019	$400,173	$398,371	$421,398	$1,802

NORTHEASTERN CONNECTICUT CHAMBER OF COMMERCE INC