TOLLAND COUNTY CHAMBER OF COMMERCE

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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

1957

Legal Domicile

Phone

8608720587

Tax Period

2023-10-01 to 2024-09-30

TOLLAND COUNTY CHAMBER OF COMMERCE, founded in 1957, is a small nonprofit that reported $125K in total revenue in fiscal year 2023.

Mission

TO PROMOTE THE BUSINESS AND CIVIC PROSPERITY OF THE CHAMBER'S COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $13,638

THE ORGANIZATION RUNS PROGRAMS THROUGHOUT THE YEAR FOR ITS MEMBERS AND THE CHAMBER'S COMMUNITY. PROGRAMS SUCH AS THE ANNUAL MEETING, SEMINARS, AND BUSINESS NETWORKING. THE ORGANIZATION HELD A GOLF...

THE ORGANIZATION RUNS PROGRAMS THROUGHOUT THE YEAR FOR ITS MEMBERS AND THE CHAMBER'S COMMUNITY. PROGRAMS SUCH AS THE ANNUAL MEETING, SEMINARS, AND BUSINESS NETWORKING. THE ORGANIZATION HELD A GOLF TOURNAMENT THIS YEAR AS WELL.

Program 2

Expenses: $0

THE ORGANIZATION PROVIDES SCHOLARSHIPS TO HIGH SCHOOL AGE STUDENTS ATTENDING TECHNICAL SCHOOLS AND HAS ADOPTED A NEW PROGRAM FOR MEMBERS' EMPLOYEES, SPOUSE OR CHILD.

Program 3

Expenses: $7,554

THE ORGANIZATION HAS OVER 350 MEMBERS. IT PUBLISHES A MEMBER'S NEWSLETTER SIX TIMES A YEAR. IT OFFERS SEMINARS AND OTHER EDUCATIONAL OPPORTUNITES.

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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 $92,410

Program Service Revenue $13,499

Investment Income $5,861

Other Revenue $12,837

TOTAL REVENUE $124,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,544

Fundraising Expenses $0

Program Expenses $21,192

Other Expenses $57,098

TOTAL EXPENSES $132,642

Year-over-Year Comparison

	2023	2022	Change
Revenue	$124,607	$118,593	+0.1%
Expenses	$132,642	$141,165	-0.1%
Net Income	$-8,035	$-22,572	-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

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

$58,176

Total Directors

$59,401

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE CHIRICO	DIRECTOR	1.00	Officer Director	$0	$0	$0
BRAD CHAFFEE	DIRECTOR	1.00	Officer Director	$0	$0	$0
CANDICE CORCIONE	CONSULTANT	20.00	Director	$1,225	$0	$1,225
DAISY PAULHUS	DIRECTOR	1.00	Director	$0	$0	$0
DAN KEUNE	DIRECTOR	1.00	Director	$0	$0	$0
DIPEN SHAH	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE BUCHARDT	DIRECTOR	1.00	Director	$0	$0	$0
GARY RUCHIN	DIRECTOR	1.00	Officer Director	$0	$0	$0
JEANNETTE WESTWOOD	DIRECTOR	1.00	Director	$0	$0	$0
KARLA VINCE	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARIE O'BRIANT	CHAMBER PRESIDENT	1.00	Officer Director	$0	$0	$0
MELISSA SMITH	EXECUTIVE DIRECTOR	40.00	Officer Director	$58,176	$0	$58,176
ROSS LUGINBUHL	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SUTTON	DIRECTOR	1.00	Officer Director	$0	$0	$0
TAYLOR CARLSON	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAWN MASELEK	DIRECTOR	1.00	Director	$0	$0	$0
DEBROAH ORTH	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LAMPHERE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MOREAU	DIRECTOR	1.00	Director	$0	$0	$0
RUSS DEBELLA	DIRECTOR	1.00	Director	$0	$0	$0
TODD WHITE	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	$124,607	$132,642	$200,659	$-8,035
2023	$118,593	$141,165	$201,085	$-22,572
2022	$123,055	$153,338	$205,810	$-30,283
2021	$144,538	$117,155	$247,644	$27,383
2020	$126,724	$128,251	$243,250	$-1,527
2019	$124,256	$140,952	$205,341	$-16,696
2018	$146,517	$142,229	$219,427	$4,288