NORTH CENTRAL MASS CHAMBER OF COMMERCE (EIN 222505324) - 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

1984

Legal Domicile

Principal Officer

ROY NASCIMENTO

Phone

9783537600

Tax Period

2023-07-01 to 2024-06-30

NORTH CENTRAL MASS CHAMBER OF COMMERCE, founded in 1984, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023.

Mission

TO ADVANCE THE ECONOMIC DEVELOPMENT OF NORTH CENTRAL MASSACHUSETTS BY CREATING AND SUSTAINING RELATIONSHIPS AMONG BUSINESSES AND BETWEEN BUSINESSES AND THE 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 (2023)

Revenue Breakdown

Contributions & Grants $377,429

Program Service Revenue $1,309,966

Investment Income $6,470

Other Revenue $4,210

TOTAL REVENUE $1,698,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,214,989

Fundraising Expenses $0

Other Expenses $453,151

TOTAL EXPENSES $1,668,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,698,075	$1,736,457	0.0%
Expenses	$1,668,140	$1,610,763	+0.0%
Net Income	$29,935	$125,694	-0.8%

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

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

$229,047

Total Directors

$229,047

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLIE CATLIN	DIRECTOR	1.00	Director	$0	$0	$0
TONY FIELDS	DIRECTOR	1.00	Director	$0	$0	$0
MARIEKE CORMIER	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MAHONEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NICK HARITOS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HENDRY	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA GLENNY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HEROUX	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER MCCARTHY	PAST CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL JOHANSEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK HETTINGER	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MCCARTY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES VANDER HOOVEN	CHAIR	1.00	Officer Director	$0	$0	$0
ROY NASCIMENTO	PRESIDENT, CLERK	40.00	Officer Director	$218,226	$10,821	$229,047
NICOLE MOORSHEAD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MOURA	DIRECTOR	1.00	Director	$0	$0	$0
KAYLA NAULT	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA PAGE	DIRECTOR	1.00	Director	$0	$0	$0
RODRIGO SOUZA	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LAPIDUS	TREASURER	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	No data	No data	No data	No data
2024	$1,698,075	$1,668,140	$1,354,170	$29,935
2023	$1,736,457	$1,610,763	$1,302,028	$125,694
2022	$1,546,464	$1,521,965	$1,281,912	$24,499
2021	$1,244,623	$1,149,972	$1,371,063	$94,651
2020	$1,140,264	$1,142,493	$1,265,180	$-2,229
2019	$1,031,019	$1,017,276	$1,303,018	$13,743

NORTH CENTRAL MASS CHAMBER OF COMMERCE