MADISON CHAMBER OF COMMERCE

EIN: 222536920 Community Improvement

MADISON, CT

Total Revenue
$178,172
Total Expenses
$154,492
Total Assets
$227,532
Net Assets
$225,695
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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
1972
Legal Domicile
CT
Principal Officer
CRAIG BERNARD
Phone
2035898138
Tax Period
2025-01-01 to 2025-12-31

MADISON CHAMBER OF COMMERCE, founded in 1972, is a small nonprofit in the Community Improvement sector that reported $178K in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $154K left a modest 13% surplus.

Mission

TO SUPPORT THE BUSINESS COMMUNITY IN TOWN TO THE END RESULT THAT MADISON IS THRIVING BOTH FISCALLY AND CULTURALLY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $165,387
Investment Income $12,785
Other Revenue $0
TOTAL REVENUE $178,172

Expense Breakdown

Grants Paid $0
Salaries & Benefits $86,793
Fundraising Expenses $0
Other Expenses $67,699
TOTAL EXPENSES $154,492

Year-over-Year Comparison

2025 2024 Change
Revenue $178,172 $157,841 +0.1%
Expenses $154,492 $140,974 +0.1%
Net Income $23,680 $16,867 +0.4%
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
17
Independent Members
17
Employees
3
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
5
$64,885
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAWN JACKSON EXECUTIVE DI 35.00
Officer
$64,885 $0 $64,885
JOHN BRADY BOARD MEMBER N/A
Director
$0 $0 $0
RALPH GUARDIANO BOARD MEMBER N/A
Director
$0 $0 $0
AUSTIN HALL BOARD MEMBER N/A
Director
$0 $0 $0
ALYSSA INGRAM BOARD MEMBER N/A
Director
$0 $0 $0
MATTHEW JOSEFF BOARD MEMBER N/A
Director
$0 $0 $0
MICHAEL PERRY BOARD MEMBER N/A
Director
$0 $0 $0
OLANDO PETGRAVE BOARD MEMBER N/A
Director
$0 $0 $0
LYNN PINDER BOARD MEMBER N/A
Director
$0 $0 $0
PETER SCRANTON BOARD MEMBER N/A
Director
$0 $0 $0
PETER SIKES BOARD MEMBER N/A
Director
$0 $0 $0
CRAIG BERNARD TREASURER N/A
Officer
$0 $0 $0
RACHEL BLUNDON SECRETARY N/A
Officer
$0 $0 $0
JOHN MATHERS PRESIDENT N/A
Officer
$0 $0 $0
BRUCE WILSON VICE PRESIDE N/A
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
2025 $178,172 $154,492 $227,532 $23,680
2024 $157,841 $140,974 $197,816 $16,867
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