DAMARISCOTTA REGION CHAMBER OF COMMERCE

EIN: 222769394

DAMARISCOTTA, ME

Total Revenue
$175,560
Total Expenses
$132,123
Total Assets
$528,823
Net Assets
$492,343
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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
1975
Legal Domicile
ME
Principal Officer
REVEN OLIVER
Phone
2075638340
Tax Period
2025-01-01 to 2025-12-31

DAMARISCOTTA REGION CHAMBER OF COMMERCE, founded in 1975, is a small nonprofit that reported $176K in total revenue in fiscal year 2025. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 25% operating margin.

Mission

PROMOTE THE DAMARISCOTTA REGION

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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 $102,714
Program Service Revenue $44,833
Investment Income $3
Other Revenue $28,010
TOTAL REVENUE $175,560

Expense Breakdown

Grants Paid $217
Salaries & Benefits $54,463
Fundraising Expenses $0
Other Expenses $77,443
TOTAL EXPENSES $132,123

Year-over-Year Comparison

2025 2024 Change
Revenue $175,560 $112,062 +0.6%
Expenses $132,123 $124,594 +0.1%
Net Income $43,437 $-12,532 -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

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Governance

Voting Members
11
Independent Members
11
Employees
4
Volunteers
25

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REVEN OLIVER DIRECTOR & PRESIDENT 1.00
Officer
$0 $0 $0
LARRY SIDELINGER DIRECTOR 1.00
Director
$0 $0 $0
HEATHER D'IPPOLITO DIRECTOR & SECRETARY 1.00
Officer Director
$0 $0 $0
NICCI KIMBALL DIRECTOR & TREASURER 1.00
Officer Director
$0 $0 $0
LEAH PUCKEY DIRECTOR 1.00
Director
$0 $0 $0
MELLISSA KARAS PALMER DIRECTOR 1.00
Director
$0 $0 $0
JIM GALLAGHER DIRECTOR 1.00
Director
$0 $0 $0
MATT CRANE DIRECTOR 1.00
Director
$0 $0 $0
GUNNAR GUNDERSEN DIRECTOR 1.00
Director
$0 $0 $0
JIM DAVIS DIRECTOR 1.00
Director
$0 $0 $0
BRITT HATCH DIRECTOR 1.00
Director
$0 $0 $0
SARAH WILLS-VIEGA DIRECTOR 1.00
Director
$0 $0 $0
ALICIA WITHAM 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 $175,560 $132,123 $528,823 $43,437
2024 $112,062 $124,594 $558,686 $-12,532
2023 $526,319 $103,982 $602,332 $422,337
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