GREATER FARMINGTON AREA CHAMBER

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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

2009

Legal Domicile

Phone

2489196917

Tax Period

2024-01-01 to 2024-12-31

GREATER FARMINGTON AREA CHAMBER, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $202K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $196K left a modest 3% surplus.

Mission

THE GREATER FARMINGTON AREA CHAMBER OF COMMERCE IS A CONDUIT FOR ITS MEMBERS TO CONNECT WITH FELLOW BUSINESSES AND COMMUNITY PARTNERS THROUGH POWERFUL NETWORKING, PROMOTION, AND EDUCATION, TO ACHIEVE THEIR GOALS.

Program Service Accomplishments

Program 1

Expenses: $159,071

ORGANIZE AND SPONSOR OTHER PROGRAMS AND ACTIVITIES, SUCH AS THE GOLF OUTING, WHERE MEMEBERS CAN INTERACT WITH COMMUNITY BUSINESS PEOPLE.

Program 2

Expenses: $25,467

ORGANIZE AND SPONSOR THE ANNUAL FESTIVALS TO PROMOTE THE COMMUNITY AND ATTRACT LOCAL RESIDENTS AND VISITORS TO THE DOWNTOWN AREA.

Program 3

Expenses: $11,240

PUBLISH AND DISTRIBUTE COMMUNITY BASED PUBLICATIONS, SUCH AS INTERCOM, DIRECT MAIL, BUSINESS DIRECTORY, MAPS AND RELOCATION GUIDE TO MEMBERS AND RESIDENTS OF 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 (2024)

Revenue Breakdown

Contributions & Grants $201,382

Program Service Revenue $0

Investment Income $670

Other Revenue $0

TOTAL REVENUE $202,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,494

Fundraising Expenses $0

Program Expenses $195,778

Other Expenses $67,284

TOTAL EXPENSES $195,778

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,052	$171,899	+0.2%
Expenses	$195,778	$187,730	+0.0%
Net Income	$6,274	$-15,831	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD RUSH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNETTE COMPO	SECRETARY	1.00	Director	$0	$0	$0
GENO GRABINSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN SHERMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW HOWELL	TREASURER	1.00	Officer Director	$0	$0	$0
EVAN CHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH MASSEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
TREVOR MEDEMA	BOARD MEMBER	1.00	Director	$0	$0	$0
PRIYA PLAYLE	BOARD MEMBER	1.00	Director	$0	$0	$0
LAMONT JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY COFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
NEHA DESAI	BOARD MEMBER	1.00	Director	$0	$0	$0
DRAGAN TOSIC	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN ARLIN	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
JON ALDRED	BOARD MEMBER	0.00	Director	$0	$0	$0
ZENET PATTON	BOARD MEMBER	0.00	Director	$0	$0	$0
MARZEL HIGHTOWER	AUXILIARY BOARD MEMBER	0.00	Director	$0	$0	$0
CASSIE CLARK	AUXILIARY BOARD MEMBER	0.00	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
2024	$202,052	$195,778	$77,185	$6,274
2023	$171,899	$187,730	$72,151	$-15,831
2022	$165,276	$179,176	$87,854	$-13,900
2021	$104,137	$126,818	$100,642	$-22,681
2020	$173,644	$121,304	$135,990	$52,340
2019	$347,796	$398,703	$38,225	$-50,907
2018	$414,380	$353,889	$77,135	$60,491