HARVARD CHAMBER OF COMMERCE & INDUSTRY (EIN 361197690) - Form 990 Financial Analysis & Trantor Score

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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

1950

Legal Domicile

Principal Officer

CRYSTAL MUSGROVE

Phone

8159434404

Tax Period

2023-01-01 to 2023-12-31

HARVARD CHAMBER OF COMMERCE & INDUSTRY, founded in 1950, is a micro nonprofit that reported $94K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $116K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE SUPPORT TO THE GROWTH AND DEVELOPMENT OF THE BUSINESS COMMUNITY AND TO CONTINUALLY IMPROVE THE QUALITY OF LIFE FOR THOSE WHO LIVE AND WORK IN THE HARVARD 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $93,893

Investment Income $0

Other Revenue $0

TOTAL REVENUE $93,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,675

Fundraising Expenses $0

Program Expenses $26,609

Other Expenses $48,947

TOTAL EXPENSES $115,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,893	$116,987	-0.2%
Expenses	$115,622	$105,398	+0.1%
Net Income	$-21,729	$11,589	-2.9%

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

N/A

Employees

N/A

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
DR COREY TAFOYA	EX-OFFICIO	5.00	Director	$0	$0	$0
SHEILA HENSON	DIRECTOR	10.00	Director	$0	$0	$0
MEGAN KIRCHNER	DIRECTOR	10.00	Director	$0	$0	$0
ELENA GALARZA	DIRECTOR	10.00	Director	$0	$0	$0
JUANITA MARTINEZ	DIRECTOR	10.00	Director	$0	$0	$0
MAYOR MIKE KELLEY	EX-OFFICIO	5.00	Director	$0	$0	$0
BRENDA GRATZ	TREASURER	10.00	Director	$0	$0	$0
ALMA ANGUIANO	DIRECTOR	10.00	Director	$0	$0	$0
NICK MOHLMAN	DIRECTOR	10.00	Director	$0	$0	$0
KATIE VAN DIGGELEN	DIRECTOR	10.00	Director	$0	$0	$0
KENDRA RISHLING	PRESIDENT	10.00	Officer	$0	$0	$0
SUSAN DALE	PAST PRESIDENT	10.00	Officer	$0	$0	$0
LIZETH DE LA CRUZ	VICE PRESIDENT	10.00	Officer	$0	$0	$0
CRYSTAL MUSGROVE	SECRETARY/EXECUTIVE DIRECT	50.00	Officer	$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
2023	$93,893	$115,622	$30,027	$-21,729
2022	$116,987	$105,398	$50,141	$11,589
2021	$94,290	$104,330	$53,022	$-10,040
2020	$102,133	$80,328	$52,419	$21,805
2018	$112,254	$110,658	$26,045	$1,596

HARVARD CHAMBER OF COMMERCE & INDUSTRY