Greater Lowell Chamber Foundation

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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

2002

Legal Domicile

Principal Officer

Shannon Kennedy

Phone

6168979161

Tax Period

2024-01-01 to 2024-12-31

Greater Lowell Chamber Foundation, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $210K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

To promote commerce and community harmony.

Program Service Accomplishments

Program 1

Expenses: $122,366 Revenue: $106,075

Community marketing (print, radio and online).

Program 2

Expenses: $70,603 Revenue: $80,241

Summer concert series with more than 1,000 in attendance at 10 concerts.

Program 3

Expenses: $11,707 Revenue: $13,398

Kaleidoscope of community activity distributed via print and online.

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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 $208,482

Program Service Revenue $0

Investment Income $1,792

Other Revenue $0

TOTAL REVENUE $210,274

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $206,352

Other Expenses $206,873

TOTAL EXPENSES $206,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,274	$170,061	+0.2%
Expenses	$206,873	$151,845	+0.4%
Net Income	$3,401	$18,216	-0.8%

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

N/A

Volunteers

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
Dave Emmette	President	N/A	Officer Director	$0	$0	$0
Chris Godbold	Vice President	N/A	Officer Director	$0	$0	$0
Paul Mundt	Treasurer	N/A	Officer Director	$0	$0	$0
Janet Teunis	Director	N/A	Director	$0	$0	$0
Shannon Kennedy	Secretary	N/A	Officer Director	$0	$0	$0
Dan Brubaker	Director	N/A	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	$210,274	$206,873	$344,678	$3,401
2022	$213,737	$315,565	$225,199	$-101,828
2021	$321,902	$168,126	$352,754	$153,776
2018	$249,735	$215,719	$208,518	$34,016