CHARLESTOWN CHAMBER OF COMMERCE

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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

1988

Legal Domicile

Principal Officer

HEATHER PALIOTTA

Phone

4013643878

Tax Period

2025-07-01 to 2025-12-31

CHARLESTOWN CHAMBER OF COMMERCE, founded in 1988, is a small nonprofit that reported $224K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $102K, a strong 46% operating margin.

Mission

PROMOTION OF TOURISM

Program Service Accomplishments

Program 1

Expenses: $101,053 Revenue: $5,619

THE CHAMBER'S PRIMARY ACTIVITY IS THE PROMOTION OF TOURISM WHICH IT DOES THROUGH ADVERTISING, NEWSLETTERS, MAPS, SPECIAL EVENTS, OPERATION OF THE TOURIST INFORMATION CENTER AND OTHER ACTIVITIES

Program 2

Expenses: $18,493 Revenue: $14,000

PROVIDE LANDSCAPE MAINTENANCE FOR CENTER ISLANDS ON ROADWAYS TO CREATE AN INVITING ATMOSPHERE FOR TOURISTS ENTERING THE AREA

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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 (2025)

Revenue Breakdown

Contributions & Grants $26,072

Program Service Revenue $19,619

Investment Income $1,111

Other Revenue $176,715

TOTAL REVENUE $223,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,715

Fundraising Expenses $0

Program Expenses $119,546

Other Expenses $40,746

TOTAL EXPENSES $121,461

Year-over-Year Comparison

	2025	2024	Change
Revenue	$223,517	$192,753	+0.2%
Expenses	$121,461	$221,640	-0.5%
Net Income	$102,056	$-28,887	-4.5%

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

120

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
HEATHER PALIOTTA	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
CRAIG MARR	PRESIDENT	N/A	Officer Director	$0	$0	$0
CHRIS RANDALL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
HOWARD THORP	TREASURER	N/A	Officer Director	$0	$0	$0
TOM BURDICK	DIRECTOR	N/A	Director	$0	$0	$0
TOM O'DONNELL	DIRECTOR	N/A	Officer	$0	$0	$0
PETER DANDURAND	DIRECTOR	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	$223,517	$121,461	$403,583	$102,056
2025	No data	No data	No data	No data
2024	$268,587	$219,732	$330,415	$48,855
2023	$238,328	$201,926	$282,049	$36,402
2022	$301,455	$196,461	$245,647	$104,994
2021	$87,003	$82,581	$140,653	$4,422
2020	$179,417	$142,453	$136,231	$36,964
2019	$100,146	$142,091	$99,267	$-41,945
2018	$159,400	$166,142	$141,212	$-6,742