CHAMBER OF COMMERCE FOR GREATER MILFORD INC

EIN: 510319055

MILFORD, DE

Total Revenue
$206,261
Total Expenses
$211,174
Total Assets
$185,653
Net Assets
$131,573
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
DE
Tax Period
2023-01-01 to 2023-12-31

CHAMBER OF COMMERCE FOR GREATER MILFORD INC, founded in 1990, is a small nonprofit that reported $206K in total revenue in fiscal year 2023.

Mission

TO ADVANCE THE BALANCED ECONOMIC DEVELOPMENT OF THE GREATER MILFORD, DE AREA.

Program Service Accomplishments

Program 1
Expenses: $48,486 Revenue: $84,230

THE ORGANIZATION ORGANIZES A FREE COMMUNITY EVENT CALLED THE RIVERWALK FREEDOM FESTIVAL AND COLLECTS DONATIONS FROM LOCAL BUSINESSES AND VENDOR FEES.

Program 2
Expenses: $12,468 Revenue: $37,904

OTHER SPECIAL EVENTS

Program 3
Expenses: $8,312 Revenue: $18,250

GIRLS NIGHT OUT EVENT WITH RAFFLE, MUSIC, FOOD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $61,374
Program Service Revenue $140,384
Investment Income $4,503
Other Revenue $0
TOTAL REVENUE $206,261

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,249
Fundraising Expenses $0
Program Expenses $69,266
Other Expenses $105,925
TOTAL EXPENSES $211,174

Year-over-Year Comparison

2023 2022 Change
Revenue $206,261 $212,727 0.0%
Expenses $211,174 $191,849 +0.1%
Net Income $-4,913 $20,878 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
2
Volunteers
15

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
3
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANNE SCHMEISER EXECUTIVE DIRECTOR 0.00
Highest
$66,000 $0 $66,000
JASON PEEL DIRECTOR 0.00
Director
$0 $0 $0
DEBRA MILLMAN TREASURER 0.00
Director
$0 $0 $0
GEORGE HUFNAGEL DIRECTOR 0.00
Director
$0 $0 $0
JOIE MORGAN DIRECTOR 0.00
Director
$0 $0 $0
LINDA MILLS DIRECTOR 0.00
Director
$0 $0 $0
TYLER KUHN DIRECTOR 0.00
Director
$0 $0 $0
TERRY ROGERS DIRECTOR 0.00
Director
$0 $0 $0
ALICIA HOLLIS DIRECTOR 0.00
Director
$0 $0 $0
LORI COPIO DIRECTOR 0.00
Director
$0 $0 $0
PAT ABEL DIRECTOR 0.00
Director
$0 $0 $0
ALICE RAUSCH DIRECTOR 0.00
Director
$0 $0 $0
DANNY G PEREZ DIRECTOR 0.00
Director
$0 $0 $0
STEPHEN MORROW DIRECTOR 0.00
Director
$0 $0 $0
ANGELA HODGES PRESIDENT 0.00
Officer
$0 $0 $0
JENNIFER HESS VICE PRESIDENT 0.00
Officer
$0 $0 $0
JENNIFER JURCZAK SECRETARY 0.00
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 No data No data No data No data
2023 $206,261 $211,174 $185,653 $-4,913
2022 $212,727 $191,849 $176,557 $20,878
2021 $198,742 $190,013 $139,130 $8,729
2020 $115,690 $142,066 $153,802 $-26,376
2019 $170,154 $169,341 $156,937 $813
2018 $164,615 $169,853 $158,974 $-5,238
2017 $170,921 $157,093 $164,579 $13,828
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