HAMDEN CHAMBER OF COMMERCE INCORPO… - Form 990 Financial Data

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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

1925

Legal Domicile

Principal Officer

ALICIA DAWSON

Phone

2032886431

Tax Period

2024-07-01 to 2025-06-30

HAMDEN CHAMBER OF COMMERCE INCORPORATED, founded in 1925, is a small nonprofit that reported $233K in total revenue in fiscal year 2024.

Mission

TO ASSIST THE ORGANIZATIONS MEMBERS IN GROWING BUSINESS RELATIONSHIPS AND BUILDING STRONG COMMUNITY CONNECTIONS, WITH A CULTURE OF PAY IT FORWARD BUSINESS PROFESSIONALS THAT NURTURE AND SUPPORT INDEPENDENT BUSINESS OWNERS AND SOLOPRENEURS.

Program Service Accomplishments

Program 1

TO PROVIDE INFORMATION AND SERVICES TO EXPAND, PROMOTE AND DEVELOP NEW BUSINESSES IN THE HAMDEN, CONNECTICUT REGION.

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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 $127,339

Program Service Revenue $3,857

Investment Income $1,806

Other Revenue $100,364

TOTAL REVENUE $233,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,606

Fundraising Expenses $0

Other Expenses $75,322

TOTAL EXPENSES $241,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$233,366	$228,990	+0.0%
Expenses	$241,928	$248,368	0.0%
Net Income	$-8,562	$-19,378	-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

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

$68,964

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY DUDCHIK	PRESIDENT	50.00	Officer	$68,964	$0	$68,964
ALICIA DAWSON	CHAIRMAN	1.00	Officer	$0	$0	$0
JENNIFER RIGNOLI	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
MICHELE SILVEY	TREASURER	1.00	Officer	$0	$0	$0
JOSEPH MCDONAGH	SECRETARY	1.00	Officer	$0	$0	$0
KATHY HOYT	DIRECTOR	1.00	Director	$0	$0	$0
KISHORE KAPOOR	DIRECTOR	1.00	Director	$0	$0	$0
KEN GOOD	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY ZEOLLA	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN JUSTO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MACNIVEN	DIRECTOR	1.00	Director	$0	$0	$0
PETER VOURAS	DIRECTOR	1.00	Director	$0	$0	$0
BILL WILSON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH ESPOSITO	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH SANDBERG	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
2025	$233,366	$241,928	$46,647	$-8,562
2024	$228,990	$248,368	$37,844	$-19,378
2023	$204,154	$242,117	$62,898	$-37,963
2022	$221,586	$207,584	$84,048	$14,002
2021	$193,284	$164,980	$91,180	$28,304
2020	$163,985	$198,639	$83,750	$-34,654
2019	$219,900	$222,048	$18,029	$-2,148
2018	$207,562	$214,443	$32,170	$-6,881

HAMDEN CHAMBER OF COMMERCE INCORPORATED