Hartford Area Chamber of Commerce (EIN 391215524) - 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

1933

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Hartford Area Chamber of Commerce, founded in 1933, is a small nonprofit that reported $204K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

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 (2023)

Revenue Breakdown

Contributions & Grants $217,006

Program Service Revenue $49,751

Investment Income $20

Other Revenue $-63,196

TOTAL REVENUE $203,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,274

Fundraising Expenses $13,761

Program Expenses $163,906

Other Expenses $81,922

TOTAL EXPENSES $217,196

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,581	$146,897	+0.4%
Expenses	$217,196	$172,029	+0.3%
Net Income	$-13,615	$-25,132	-0.5%

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

$59,692

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katheryn Carroll	Executive Director	40.00	Director	$59,692	$0	$59,692
Diane Mayer	Director	2.00	Director	$0	$0	$0
Julie Johnson	Director	2.00	Director	$0	$0	$0
Todd Doefert	Director	2.00	Director	$0	$0	$0
Kelly Tolson	Director	2.00	Director	$0	$0	$0
Tricia Hoehn	Director	2.00	Director	$0	$0	$0
Michelle Baxter	Director	2.00	Director	$0	$0	$0
Timothy Algiers	Director	2.00	Director	$0	$0	$0
Laura Hidalgo	Director	2.00	Director	$0	$0	$0
Brian Haas	Director	2.00	Director	$0	$0	$0
Brian Fleming	Secretary	2.00	Officer	$0	$0	$0
Dana Osmanski	Past President	2.00	Officer	$0	$0	$0
Jon Lobert	Treasurer	2.00	Officer	$0	$0	$0
Kristen Strupp	President	2.00	Officer	$0	$0	$0
Mike Shimon	Vice 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
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

Hartford Area Chamber of Commerce