CHAMBER OF COMMERCE OF NEW CANAAN INC

EIN: 060771527

NEW CANAAN, CT

Total Revenue
$127,074
Total Expenses
$138,353
Total Assets
$77,655
Net Assets
$66,578
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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
1952
Legal Domicile
CT
Principal Officer
MEREDITH BACH
Phone
2039662004
Tax Period
2022-01-01 to 2022-12-31

CHAMBER OF COMMERCE OF NEW CANAAN INC, founded in 1952, is a small nonprofit that reported $127K in total revenue in fiscal year 2022. Revenue fell 35% from the prior year — a significant decline worth monitoring.

Mission

IMPROVE COMMUNITY FOR LIVING, WORKING AND SHOPPING

Program Service Accomplishments

Program 1
Expenses: $33,422 Revenue: $59,293

ANNUAL VILLAGE FAIR AND SIDEWALK SALE, HOLIDAY STROLL AND LIGHTING, FORUMS FOR SPEAKERS ON RELEVANT BUSINESS AND GOVERNMENT ISSUES, PROGRAMS TO PROMOTE SHOPPING AND COMMERCE IN TOWN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $66,817
Program Service Revenue $59,293
Investment Income $964
Other Revenue $0
TOTAL REVENUE $127,074

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,369
Fundraising Expenses $0
Program Expenses $33,422
Other Expenses $75,984
TOTAL EXPENSES $138,353

Year-over-Year Comparison

2022 2021 Change
Revenue $127,074 $195,342 -0.3%
Expenses $138,353 $139,860 0.0%
Net Income $-11,279 $55,482 -1.2%
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
16
Independent Members
16
Employees
1
Volunteers
50

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
1
$57,216
Total Directors
18
$57,216
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLISON DONALDSON DIRECTOR 0.25
Director
$0 $0 $0
AMANDA BRISTOL TREASURER 1.00
Director
$0 $0 $0
ANGELA BALDANZA DIRECTOR 0.25
Director
$0 $0 $0
ANTHONY MARROCOLLA MANAGER 0.25
Director
$0 $0 $0
BJ FLAGG DIRECTOR 0.25
Director
$0 $0 $0
DAVID RUCCI DIRECTOR 0.25
Director
$0 $0 $0
DOUG STEWART DIRECTOR 0.25
Director
$0 $0 $0
GABY BEECHER DIRECTOR 0.25
Director
$0 $0 $0
INDIRA CHRISTIE DIRECTOR 0.25
Director
$0 $0 $0
JENNIFER TAUBER DIRECTOR 0.25
Director
$0 $0 $0
LAURA BUDD EXECUTIVE DIRECTOR 25.00
Officer Director
$57,216 $0 $57,216
MANDA RIGGS DIRECTOR 0.25
Director
$0 $0 $0
MEREDITH BACH PRESIDENT 0.25
Director
$0 $0 $0
SCOTT ACKERMAN DIRECTOR 0.25
Director
$0 $0 $0
SHAZARD SAHAI DIRECTOR 0.25
Director
$0 $0 $0
STEPHEN SHIN DIRECTOR 0.25
Director
$0 $0 $0
TED THOMAS DIRECTOR 0.25
Director
$0 $0 $0
TUCKER MURPHY 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
2022 $127,074 $138,353 $77,655 $-11,279
2021 $195,342 $139,860 $92,073 $55,482
2020 $126,705 $141,355 $135,041 $-14,650
2019 $166,599 $175,373 $48,572 $-8,774
2018 $158,886 $163,802 $59,607 $-4,916
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