THE CHAMBER OF COMMERCE FOUNDATION OF GREATER WATERBURY CT INC (EIN 061074917) - 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

1987

Legal Domicile

Principal Officer

LYNN WARD

Phone

2037570701

Tax Period

2024-04-01 to 2025-03-31

THE CHAMBER OF COMMERCE FOUNDATION OF GREATER WATERBURY CT INC, founded in 1987, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 168% from the prior year, signaling strong growth momentum.

Mission

RECEIVE & ADMINISTER FUNDS FOR SEVERAL ORGANIZATIONS ALL WORKING TO INPROVE WATERBURY 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 $798,471

Program Service Revenue $199,176

Investment Income $8,254

Other Revenue $0

TOTAL REVENUE $1,005,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $997,647

Other Expenses $1,000,442

TOTAL EXPENSES $1,000,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,005,901	$375,567	+1.7%
Expenses	$1,000,442	$377,975	+1.6%
Net Income	$5,459	$-2,408	-3.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON VAN STONE	OFFICER	1.00	Officer Director	$0	$0	$0
WILLIAM J PALOMBA	FIRST VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHET DOHENY	OFFICER	1.00	Officer Director	$0	$0	$0
MARY CHIAPPALONE	CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
DONALD MCPARTLAND	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN L HOPKINS	OFFICER	1.00	Officer Director	$0	$0	$0
GARY O'CONNOR	SECRETARY	1.00	Officer Director	$0	$0	$0
LYNN WARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIMOTHY D BERGSTROM	TREASURER	1.00	Officer Director	$0	$0	$0
JACK E TRAVER JR	OFFICER	1.00	Officer Director	$0	$0	$0
SELIM NOUJAIM	OFFICER	1.00	Officer 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	$1,005,901	$1,000,442	$744,918	$5,459
2024	$375,567	$377,975	$266,774	$-2,408
2023	$328,178	$286,555	$209,167	$41,623
2022	$264,874	$262,593	$188,034	$2,281
2021	$178,945	$180,020	$432,305	$-1,075
2020	$318,352	$320,998	$165,385	$-2,646
2020	$318,352	$320,998	$165,385	$-2,646
2019	$292,704	$294,426	$192,599	$-1,722

THE CHAMBER OF COMMERCE FOUNDATION OF GREATER WATERBURY CT INC