HARTFORD AREA CHAMBER OF COMMERCE

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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

Phone

2626737002

Tax Period

2025-01-01 to 2025-12-31

HARTFORD AREA CHAMBER OF COMMERCE, founded in 1933, is a small nonprofit that reported $237K in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

PROMOTE AREA BUSINESSES THROUGH SPECIAL EVENTS AND DISSEMINATION OF BUSINESS INFORMATION

Program Service Accomplishments

Program 1

PROMOTE AREA BUSINESSES THROUGH SPECIAL EVENTS AND DISSEMINATION OF BUSINESS INFORMATION

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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 (2025)

Revenue Breakdown

Contributions & Grants $228,240

Program Service Revenue $72,627

Investment Income $5

Other Revenue $-64,261

TOTAL REVENUE $236,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,270

Fundraising Expenses $0

Other Expenses $86,643

TOTAL EXPENSES $243,913

Year-over-Year Comparison

	2025	2024	Change
Revenue	$236,611	$209,124	+0.1%
Expenses	$243,913	$209,835	+0.2%
Net Income	$-7,302	$-711	+9.3%

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

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

$73,637

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERYN CARROLL	EXECUTIVE DIRECTOR	40.00	Director	$73,637	$0	$73,637
STEVE EICHSTAEDT	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA KRONBERG	DIRECTOR	2.00	Director	$0	$0	$0
ERNIE MERCHANT	DIRECTOR	2.00	Director	$0	$0	$0
KRISTEN STRUPP	DIRECTOR	2.00	Director	$0	$0	$0
KELLY TOLSON	DIRECTOR	2.00	Director	$0	$0	$0
TARA VILLALOBOS	DIRECTOR	2.00	Director	$0	$0	$0
ADAM HAHN	PRESIDENT	2.00	Officer	$0	$0	$0
RYAN ROETHLE	VICE PRESIDENT	2.00	Officer	$0	$0	$0
ADAM VIEAU	TREASURER	2.00	Officer	$0	$0	$0
MIKE SHIMON	PAST PRESIDENT	2.00	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
2025	$236,611	$243,913	$57,513	$-7,302
2024	No data	No data	No data	No data
2023	$203,581	$217,196	$68,901	$-13,615
2022	$146,897	$172,029	$73,061	$-25,132
2021	$160,707	$136,585	$97,108	$24,122
2020	$148,083	$154,461	$84,926	$-6,378
2019	$180,315	$158,630	$96,314	$21,685
2018	$138,345	$116,370	$74,529	$21,975