MYSTIC CHAMBER OF COMMERCE INC (EIN 060861879) - 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

1937

Legal Domicile

Principal Officer

BRUCE FLAX

Phone

8605729578

Tax Period

2024-01-01 to 2024-12-31

MYSTIC CHAMBER OF COMMERCE INC, founded in 1937, is a small nonprofit that reported $727K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $669K left a modest 8% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO FOSTER AND PROMOTE BUSINESS FOR MEMBERS AND TO PLAY AN ACTIVE ROLE IN THE COMMUNITY, BRINGING TOGETHER THE TOWNS OF STONINGTON AND GROTON, CONNECTICUT, AND TO ADDRESS CONCERNS OF THE MYSTIC 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 $211,517

Program Service Revenue $515,179

Investment Income $624

Other Revenue $0

TOTAL REVENUE $727,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,321

Fundraising Expenses $0

Other Expenses $407,358

TOTAL EXPENSES $668,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$727,320	$634,258	+0.1%
Expenses	$668,679	$639,271	+0.0%
Net Income	$58,641	$-5,013	-12.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA ARLING	CHAIR	2.00	Officer	$0	$0	$0
DAVID LABBE	VICE CHAIR	2.00	Officer	$0	$0	$0
JOHAN LIEBENBERG	TREASURER	2.00	Officer	$0	$0	$0
SHANNON MCKENZIE	SECRETARY	2.00	Officer	$0	$0	$0
CHRIS REGAN	VICE CHAIR	2.00	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	$727,320	$668,679	$266,072	$58,641
2023	$634,258	$639,271	$209,794	$-5,013
2022	$676,826	$641,654	$225,226	$35,172
2021	$374,227	$264,534	$243,628	$109,693
2020	$254,612	$159,396	$144,889	$95,216
2019	$274,605	$265,013	$78,512	$9,592
2018	$308,333	$333,331	$85,572	$-24,998

MYSTIC CHAMBER OF COMMERCE INC