NEW MILFORD, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE NEW MILFORD CHAMBER OF COMMERCE, founded in 1931, is a micro nonprofit that reported $94K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $113K exceeded revenue, resulting in a 20% operating deficit.
THE CHAMBER OF COMMERCE IS A MEDIUM FOR AREA BUSINESS PEOPLE TO NETWORK, SHARE INFORMATION AND IDEAS AND COLLABORATE ON ISSUES AFFECTING THE BUSINESS COMMUNITY AND GENERAL WELL BEING OF THE REGIONAL AREA. THROUGH THE MONTHLY ACTIVITIES AND EVENTS OFFERED, AREA BUSINESS PEOPLE ARE AFFORDED THE OPPORTUNITY TO COME TOGETHER IN BOTH BUSINESS AND SOCIAL SETTINGS.THE CHAMBER ALSO SERVES AS THE ORGANIZATIONAL MECHANISM IN BRINGING TOGETHER PRIVATE BUSINESS AND RESOURCES TO ASSIST THE LOCALE, IT PROVIDES A PORTFOLIO OF SERVICES TO ASSIST MEMBER COMPANIES IN GROWING THEIR RESPECTIVE BUSINESSES AND OFFERS ASSISTANCE TO FIRMS INQUIRING ABOUT THE AREA. HOWEVER, BUSINESS GROWTH IS NOT THE SOLE PURPOSE OF THE CHAMBER.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $94,029 | $63,741 | +0.5% |
| Expenses | $112,876 | $76,748 | +0.5% |
| Net Income | $-18,847 | $-13,007 | +0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PATRICIA OBERG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WAYNE LOCKE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHEYRISSE BOONE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTEN GIZZI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RICH VALLINAGGI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT MULHARE | TREASURER | 3.00 |
Officer
|
$0 | $0 | $0 |
| JENNIFER BIRDSEYE | PRESIDENT | 5.00 |
Officer
|
$0 | $0 | $0 |
| TAMMY REARDON | 1ST VICE PRESIDENT | 3.00 |
Officer
|
$0 | $0 | $0 |
| RICHARD HERRINGTON | 2ND VICE PRESIDENT | 3.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $94,029 | $112,876 | $81,023 | $-18,847 |
| 2022 | $63,741 | $76,748 | $101,840 | $-13,007 |
| 2021 | $63,597 | $43,044 | $135,807 | $20,553 |
| 2020 | $83,635 | $69,156 | $94,183 | $14,479 |
| 2019 | $129,925 | $151,640 | $101,388 | $-21,715 |
| 2018 | $151,879 | $160,469 | $103,289 | $-8,590 |
Compare THE NEW MILFORD CHAMBER OF COMMERCE with other nonprofits in Connecticut and across the country.