MAIN LINE CHAMBER OF COMMERCE

EIN: 230365255

WAYNE, PA

Total Revenue
$1,369,300
Total Expenses
$1,399,366
Total Assets
$214,400
Net Assets
$48,998
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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
1933
Legal Domicile
PA
Principal Officer
BERNARD DAGENAIS
Phone
6106876232
Tax Period
2024-07-01 to 2025-06-30

MAIN LINE CHAMBER OF COMMERCE, founded in 1933, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024.

Mission

THE MAIN LINE CHAMBER OF COMMERCE IS THE AREA'S INFLUENTIAL BUSINESS ADVOCATE COMMITTED TO ENABLING MEMBERS TO SUCCEED, PROMOTING ECONOMIC GROWTH IN THE REGION, DEVELOPING AN INFORMED BUSINESS COMMUNITY, AND ENHANCING THE QUALITY OF LIFE ON THE MAIN LINE.

Program Service Accomplishments

Program 1

THE SOCIETY OF PROFESSIONAL WOMEN (SPW) PROGRAM WAS FOUNDED TO CREATE A FORUM FOR WOMEN OF ALL GENERATIONS, INDUSTRIES AND MANAGEMENT LEVELS TO CONNECT WITH ONE ANOTHER, BUILD LEADERSHIP SKILLS AND...

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THE SOCIETY OF PROFESSIONAL WOMEN (SPW) PROGRAM WAS FOUNDED TO CREATE A FORUM FOR WOMEN OF ALL GENERATIONS, INDUSTRIES AND MANAGEMENT LEVELS TO CONNECT WITH ONE ANOTHER, BUILD LEADERSHIP SKILLS AND SUPPORT THE REGION'S NON-PROFITS.

Program 2

THE TALENT AND EDUCATION NETWORK (TEN) IS AN EMPLOYER COLLABORATIVE FOCUSED ON HELPING COMPANIES LEARN FROM EACH OTHER BEST PRACTICES IN CULTIVATING A DIVERSE POOL OF ENTRY-LEVEL EMPLOYEES, INCLUDING...

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THE TALENT AND EDUCATION NETWORK (TEN) IS AN EMPLOYER COLLABORATIVE FOCUSED ON HELPING COMPANIES LEARN FROM EACH OTHER BEST PRACTICES IN CULTIVATING A DIVERSE POOL OF ENTRY-LEVEL EMPLOYEES, INCLUDING ACQUIRING AND TRAINING TEAM MEMBERS, SUPPORTING EFFECTIVE TALENT PIPELINE INITIATIVES, CONNECTING EMPLOYERS WITH PROSPECTIVE EMPLOYEES AND PROVIDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR STUDENTS IN THE REGION.

Program 3

THE LEADERSHIP MAIN LINE PROGRAM PROVIDES AN INTENSIVE SIX-MONTH CURRICULUM THAT INVOLVES THE PARTICIPANTS IN LEARNING EXPERIENCES DESIGNED TO ENHANCE THE INFRASTRUCTURE OF THE MAIN LINE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $557,900
Program Service Revenue $806,158
Investment Income $1,042
Other Revenue $4,200
TOTAL REVENUE $1,369,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $864,498
Fundraising Expenses $0
Other Expenses $534,868
TOTAL EXPENSES $1,399,366

Year-over-Year Comparison

2024 2023 Change
Revenue $1,369,300 $1,416,625 0.0%
Expenses $1,399,366 $1,495,405 -0.1%
Net Income $-30,066 $-78,780 -0.6%
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
30
Independent Members
30
Employees
9
Volunteers
225

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
6
$224,633
Total Directors
31
$224,633
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX YANKO DIRECTOR 0.00
Director
$0 $0 $0
ALYCE SHAW DIRECTOR 0.00
Director
$0 $0 $0
ANDREW BRENNER DIRECTOR 0.00
Director
$0 $0 $0
ANTONIA ALLSMAN DIRECTOR 0.00
Director
$0 $0 $0
BERNARD DAGENAIS PRESIDENT & CEO 40.00
Officer Director
$215,492 $9,141 $224,633
CAROLYN GORMAN DIRECTOR 0.00
Director
$0 $0 $0
CHARLES WATERMAN DIRECTOR 0.00
Director
$0 $0 $0
CHRISTOPHER HANDLEY DIRECTOR 0.00
Director
$0 $0 $0
DAVE BOLGER DIRECTOR 0.00
Director
$0 $0 $0
DAVID KRALLE DIRECTOR 0.00
Director
$0 $0 $0
DEBBIE MCCABE IMMEDIATE PAST CHAIRMAN 0.00
Officer Director
$0 $0 $0
DEBORAH HONG DIRECTOR 0.00
Director
$0 $0 $0
DR JOHN WILSON DIRECTOR 0.00
Director
$0 $0 $0
DR NICOLE STOKES DIRECTOR 0.00
Director
$0 $0 $0
ELISA FORTE DIRECTOR 0.00
Director
$0 $0 $0
ERIN BURKE DIRECTOR 0.00
Director
$0 $0 $0
JARED MERLIE DIRECTOR 0.00
Director
$0 $0 $0
JON MEYER SECRETARY 0.00
Officer Director
$0 $0 $0
JUDE ARIJAJE VICE CHAIRMAN 0.00
Officer Director
$0 $0 $0
KOLEEN CAVANAUGH DIRECTOR 0.00
Director
$0 $0 $0
KORY COLLINS DIRECTOR 0.00
Director
$0 $0 $0
LISA HARMON DIRECTOR 0.00
Director
$0 $0 $0
MINI NAIR DIRECTOR 0.00
Director
$0 $0 $0
MITCHELL STEAD DIRECTOR 0.00
Director
$0 $0 $0
NABILA SAJID DIRECTOR 0.00
Director
$0 $0 $0
PAMELA MCCORMICK DIRECTOR 0.00
Director
$0 $0 $0
PAUL ROVNER TREASURER 0.00
Officer Director
$0 $0 $0
PAUL SHARKEY DIRECTOR 0.00
Director
$0 $0 $0
SAMUEL R ADOLPH DIRECTOR 0.00
Director
$0 $0 $0
TARA WALSH DIRECTOR 0.00
Director
$0 $0 $0
TIM CANFIELD CHAIRMAN 0.00
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 $1,369,300 $1,399,366 $214,400 $-30,066
2024 $1,416,625 $1,495,405 $233,912 $-78,780
2023 $1,278,481 $1,378,776 $322,993 $-100,295
2022 $1,290,336 $1,232,003 $408,298 $58,333
2021 $1,152,875 $1,147,298 $503,004 $5,577
2020 $1,348,665 $1,382,589 $344,389 $-33,924
2018 $1,386,063 $1,352,594 $219,607 $33,469
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