GRANBY-SIMSBURY CHAMBER OF COMMERCEINC

EIN: 066075571

SIMSBURY, CT

Total Revenue
$164,310
Total Expenses
$199,408
Total Assets
$69,498
Net Assets
$69,498
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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
1961
Legal Domicile
CT
Principal Officer
W SCOTT GOETJEN
Phone
8606517307
Tax Period
2023-01-01 to 2023-12-31

GRANBY-SIMSBURY CHAMBER OF COMMERCEINC, founded in 1961, is a small nonprofit that reported $164K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $199K exceeded revenue, resulting in a 21% operating deficit.

Mission

DEVOTION TO THE SUCCESS OF ITS MEMBERS AND THE VITALITY OF ITS COMMUNITY. WE PROMOTE A POSITIVE CLIMATE CULTIVATING OPPORTUNITIES FOR ENHANCED RELATIONSHIPS AND BUSINESS DEVELOPMENT THROUGH LEADERSHIP, RESOURCES AND COMMITTMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $80,138
Program Service Revenue $33,694
Investment Income $532
Other Revenue $49,946
TOTAL REVENUE $164,310

Expense Breakdown

Grants Paid $3,100
Salaries & Benefits $112,933
Fundraising Expenses $0
Program Expenses $11,088
Other Expenses $83,375
TOTAL EXPENSES $199,408

Year-over-Year Comparison

2023 2022 Change
Revenue $164,310 $216,126 -0.2%
Expenses $199,408 $197,185 +0.0%
Net Income $-35,098 $18,941 -2.9%
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

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Governance

Voting Members
23
Independent Members
23
Employees
5
Volunteers
40

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
11
$0
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL CORREIA ASSISTANT SECRETARY 3.00
Officer Director
$0 $0 $0
NANCY SCHEETZ PRESIDENT 3.00
Officer Director
$0 $0 $0
JOSEPH BEALE PAST PRESIDENT 3.00
Officer Director
$0 $0 $0
GERRY TONER DIRECTOR 1.00
Director
$0 $0 $0
MELISSA APPLEBY DIRECTOR 1.00
Director
$0 $0 $0
PAMELA BRODERICK SECRETARY 3.00
Officer Director
$0 $0 $0
ISAAC ADAM DIRECTOR 1.00
Director
$0 $0 $0
TIM BAKER PAST PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $0 $0
SCOTT GOETJEN TREASURER 3.00
Officer Director
$0 $0 $0
JAMIE RICE DIRECTOR 1.00
Director
$0 $0 $0
BERNADETTA EICHNER DIRECTOR 1.00
Director
$0 $0 $0
SANDY HART DIRECTOR 1.00
Director
$0 $0 $0
ROBERT EVANS DIRECTOR 1.00
Director
$0 $0 $0
JAMIE SAVVA DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER BREVIK DIRECTOR 1.00
Director
$0 $0 $0
LOUIS GEORGE VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
COLIN BOSTIC VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
SCOTT RILEY VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
BOB MARX PAST PRESIDENT/DIRECTOR 3.00
Officer Director
$0 $0 $0
BRIAN GUARCO DIRECTOR 1.00
Director
$0 $0 $0
LINDSAY SANCHEZ DIRECTOR 1.00
Director
$0 $0 $0
DAVE CALIBEY DIRECTOR 1.00
Director
$0 $0 $0
MARY ANNE GUARCO VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
ANDREW ST ONGE DIRECTOR 1.00
Director
$0 $0 $0
ROB PANCOAST DIRECTOR 1.00
Director
$0 $0 $0
KATHY UNGERLEIDER DIRECTOR 1.00
Director
$0 $0 $0
SALLY RIDER DIRECTOR 1.00
Director
$0 $0 $0
JAMES CHEN DIRECTOR 1.00
Director
$0 $0 $0
GEORGE MCGREGOR 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 No data No data No data No data
2023 $164,310 $199,408 $69,498 $-35,098
2022 $216,126 $197,185 $96,730 $18,941
2021 $140,107 $165,029 $110,147 $-24,922
2020 $101,341 $157,869 $115,600 $-56,528
2019 $182,294 $154,466 $180,956 $27,828
2018 $150,994 $145,391 $159,536 $5,603
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