CONNECTICUT RIVER VALLEY CHAMBER OF COMMERCE (EIN 060790227) - 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

1956

Legal Domicile

Principal Officer

JESSICA OLANDER

Phone

8606593587

Tax Period

2024-01-01 to 2024-12-31

CONNECTICUT RIVER VALLEY CHAMBER OF COMMERCE, founded in 1956, is a small nonprofit that reported $513K in total revenue in fiscal year 2024. Expenses of $494K left a modest 4% surplus.

Mission

THE CORE PURPOSE OF THE CHAMBER IS TO DEVELOP BENEFICIAL RELATIONSHIPS THAT SERVE AND ENHANCE A THRIVING REGIONAL 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $499,555

Investment Income $174

Other Revenue $12,907

TOTAL REVENUE $512,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,824

Fundraising Expenses $11,203

Program Expenses $388,085

Other Expenses $316,226

TOTAL EXPENSES $494,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$512,636	$486,113	+0.1%
Expenses	$494,050	$462,090	+0.1%
Net Income	$18,586	$24,023	-0.2%

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

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

$93,782

Total Directors

$93,782

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA OLANDER	PRESIDENT	40.00	Officer Director	$93,782	$0	$93,782
ARNOLD BERMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
ERIC R JUDGE CFP	CHAIRMAN-ELECT	2.00	Officer Director	$0	$0	$0
EILEEN BUCKHEIT	MEMBER	1.00	Director	$0	$0	$0
JAKE MCCHESNEY	MEMBER	1.00	Director	$0	$0	$0
STEVE WEIR	PAST CHAIR	2.00	Officer Director	$0	$0	$0
BOB ZANLUNGO	CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$0	$0
FRAN KNIGHTS	PROGRAM OFFICER	1.00	Officer Director	$0	$0	$0
DAN SARDILLI	NETWORKING OFFICER	1.00	Officer Director	$0	$0	$0
GUY LABELLA	DIRECTOR	1.00	Director	$0	$0	$0
JAY MARGNELLI	MEMBERSHIP OFFICER	1.00	Officer Director	$0	$0	$0
ZACH COHEN	FAMILY & COMMUNITY ENGAGEMENT OFFICER	1.00	Officer Director	$0	$0	$0
FAITH ZELLER	DIRECTOR	1.00	Director	$0	$0	$0
ADAM CLEMENS	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE LARABEE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
ANN-MARIE KATZER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA D'AMATO	MEMBER	1.00	Director	$0	$0	$0
DAVID PORTER	DIRECTOR	1.00	Director	$0	$0	$0
DEREK MAZZARELLA	DIRECTOR	1.00	Director	$0	$0	$0
GARY PERRELLI	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PARRETT	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE NICHOLSON	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	$512,636	$494,050	$330,536	$18,586
2023	$486,113	$462,090	$314,946	$24,023
2022	$506,234	$449,236	$394,013	$56,998
2021	$446,784	$307,728	$330,929	$139,056
2020	$248,214	$304,875	$191,873	$-56,661
2019	$563,731	$590,590	$148,534	$-26,859
2018	$623,794	$678,672	$175,393	$-54,878

CONNECTICUT RIVER VALLEY CHAMBER OF COMMERCE