THE QUINCY CHAMBER OF COMMERCE INC

EIN: 271745262 Community Improvement

QUINCY, MA

Total Revenue
$697,014
Total Expenses
$661,591
Total Assets
$702,516
Net Assets
$178,138
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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
2010
Legal Domicile
MA
Principal Officer
TIMOTHY P CAHILL
Phone
6174711700
Tax Period
2022-07-01 to 2023-06-30

THE QUINCY CHAMBER OF COMMERCE INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $697K in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $662K left a modest 5% surplus.

Mission

TO SUPPORT ECONOMIC GROWTH THROUGH NUMEROUS BUSINESS DEVELOPMENT AND TOURISM INITIATIVES.

Program Service Accomplishments

Program 1
Expenses: $549,011

TO PROVIDE THE CITY OF QUINCY AREA DEVELOPMENT, REDEVELOPMENT, OR RENEWAL AIMED AT COMBATTING COMMUNITY DETERIORATION AND ATTRACTING NEW INDUSTRY TO 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $471,058
Program Service Revenue $178,570
Investment Income $593
Other Revenue $46,793
TOTAL REVENUE $697,014

Expense Breakdown

Grants Paid $0
Salaries & Benefits $305,865
Fundraising Expenses $0
Program Expenses $549,011
Other Expenses $355,726
TOTAL EXPENSES $661,591

Year-over-Year Comparison

2022 2021 Change
Revenue $697,014 $578,296 +0.2%
Expenses $661,591 $584,655 +0.1%
Net Income $35,423 $-6,359 -6.6%
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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Governance

Voting Members
19
Independent Members
18
Employees
5
Volunteers
8

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
$117,500
Total Directors
19
$117,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES DUNPHY VICE CHAIR 3.00
Officer Director
$0 $0 $0
PHILIP CHONG DIRECTOR 3.00
Director
$0 $0 $0
TIMOTHY CAHILL PRESIDENT 40.00
Officer Director
$117,500 $0 $117,500
SEAN KENEALY DIRECTOR 3.00
Director
$0 $0 $0
ARMANDO AGNITTI DIRECTOR 3.00
Director
$0 $0 $0
RYAN BARRETT CLERK 3.00
Officer Director
$0 $0 $0
JANET BATSON CHAIRPERSON 3.00
Officer Director
$0 $0 $0
RICK DOANE DIRECTOR 3.00
Director
$0 $0 $0
JOSEPH PARLAVECCHIO DIRECTOR 3.00
Director
$0 $0 $0
JENNIFER ORMOND DIRECTOR 3.00
Director
$0 $0 $0
RICHARD DECRISTOFARO DIRECTOR 3.00
Director
$0 $0 $0
HELEN SHINER TREASURER 3.00
Officer Director
$0 $0 $0
JON ENG DIRECTOR 3.00
Director
$0 $0 $0
RICH FERNANDEZ DIRECTOR 3.00
Director
$0 $0 $0
MARGARITA KVACHEVA DIRECTOR 3.00
Director
$0 $0 $0
JIMMY LIANG DIRECTOR 3.00
Director
$0 $0 $0
LARRY LIUZZO DIRECTOR 3.00
Director
$0 $0 $0
LORRAINE TSE DIRECTOR 3.00
Director
$0 $0 $0
THI TY Q TU DIRECTOR 3.00
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 No data No data No data No data
2024 No data No data No data No data
2023 $697,014 $661,591 $702,516 $35,423
2022 $578,296 $584,655 $361,329 $-6,359
2021 $975,453 $931,062 $353,065 $44,391
2020 $1,608,716 $1,566,673 $284,581 $42,043
2019 $503,609 $457,702 $205,390 $45,907
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