THE FOUNDATION OF THE GREATER NEW HAVEN CHAMBER OF COMMERCE INC (EIN 061142015) - 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

1985

Legal Domicile

Principal Officer

GARRETT SHEEHAN

Phone

2037876735

Tax Period

2024-03-01 to 2025-02-28

THE FOUNDATION OF THE GREATER NEW HAVEN CHAMBER OF COMMERCE INC, founded in 1985, is a small nonprofit in the Unknown sector that reported $134K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $120K left a modest 10% surplus.

Mission

RECEIVE AND ADMINISTER GIFTS, GRANTS AND CONTRIBUTIONS. ASSIST LOCAL & STATE GOVERNMENT LEADERS IN COMMUNITY DEVELOPMENT PROGRAMS.

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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 $134,069

Program Service Revenue $0

Investment Income $36

Other Revenue $0

TOTAL REVENUE $134,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $118,734

Other Expenses $120,290

TOTAL EXPENSES $120,290

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,105	$165,096	-0.2%
Expenses	$120,290	$166,358	-0.3%
Net Income	$13,815	$-1,262	-11.9%

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

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

$246,077

Total Directors

$246,077

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARRETT SHEEHAN	PRESIDENT	1.00	Officer Director	$0	$11,932	$246,077
HEATHER LATORRA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
HOWARD HILL	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
JEFFERY SOLOMON	VICE CHAIRMAN AND TREASURER	1.00	Officer Director	$0	$0	$0
ANDREA KOVACS	SECRETARY	1.00	Officer Director	$0	$0	$0
CECIL AUSTIN	DIRECTOR	1.00	Director	$0	$0	$0
AL CARBONE	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA DAUM	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY KLAUS	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY PEDRICK	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PERITO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SCHAFFER	DIRECTOR	1.00	Director	$0	$0	$0
FARRELL SIMON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL TAYLOR	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
2025	$134,105	$120,290	$169,076	$13,815
2024	$165,096	$166,358	$150,541	$-1,262
2023	$153,681	$138,568	$176,489	$15,113
2022	$100,800	$104,050	$144,775	$-3,250
2021	$213,417	$183,628	$69,343	$29,789
2020	$106,367	$104,705	$102,667	$1,662

THE FOUNDATION OF THE GREATER NEW HAVEN CHAMBER OF COMMERCE INC