GREATER SOUTHINGTON CHAMBER OF COMMERCE INC (EIN 060729248) - 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

1938

Legal Domicile

Principal Officer

BARBARA COLEMAN-HEKELER

Phone

8606288036

Tax Period

2023-01-01 to 2023-12-31

GREATER SOUTHINGTON CHAMBER OF COMMERCE INC, founded in 1938, is a small nonprofit that reported $375K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $320K left a modest 15% surplus.

Mission

PROMOTES BUSINESS COMMUNITY

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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 $0

Program Service Revenue $368,864

Investment Income $6,341

Other Revenue $0

TOTAL REVENUE $375,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,261

Fundraising Expenses $0

Other Expenses $142,819

TOTAL EXPENSES $320,080

Year-over-Year Comparison

	2023	2022	Change
Revenue	$375,205	$331,088	+0.1%
Expenses	$320,080	$289,503	+0.1%
Net Income	$55,125	$41,585	+0.3%

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

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

$115,428

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA COLEMAN-HEKELER	PRESIDENT AN	40.00	Officer	$98,500	$16,928	$115,428
TAYLOR DEEGAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHANNA FURGALACK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GIROUARD	DIRECTOR	1.00	Director	$0	$0	$0
LOU MARTOCCHIO III	DIRECTOR	1.00	Director	$0	$0	$0
KAYLAH J MILLIGAN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MORIARTY	DIRECTOR	1.00	Director	$0	$0	$0
GILBERT WADE	DIRECTOR	1.00	Director	$0	$0	$0
LUCIA CHUBET	TREASURER	3.00	Officer	$0	$0	$0
MICHAEL HARTMAN	VICE CHAIR	3.00	Officer	$0	$0	$0
SUSAN URILLO LARSON	PAST CHAIR	3.00	Officer	$0	$0	$0
ATTY MATT O'KEEFE	LEGAL ADVISO	1.00	Officer	$0	$0	$0
MARYANN STANLEY	CHAIR	3.00	Officer	$0	$0	$0
ROB THOMPSON	SECRETARY	3.00	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	No data	No data	No data	No data
2023	$375,205	$320,080	$325,845	$55,125
2022	$331,088	$289,503	$274,052	$41,585
2021	$312,133	$238,465	$232,457	$73,668
2020	$210,777	$170,739	$160,118	$40,038
2019	$213,684	$222,723	$119,351	$-9,039
2018	$263,917	$251,752	$124,234	$12,165

GREATER SOUTHINGTON CHAMBER OF COMMERCE INC