PENOBSCOT BAY REGIONAL CHAMBER OF COMMERCE (EIN 611656046) - 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

2011

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

PENOBSCOT BAY REGIONAL CHAMBER OF COMMERCE, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $559K in total revenue in fiscal year 2022. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $506K left a modest 9% surplus.

Mission

THE PENOBSCOT BAY REGIONAL CHAMBER OF COMMERCE (PBRCOC)MISSION IS TO PROMOTE THE INTEREST OF ITS MEMBERS BY ADVOCATING FOR THE COMMERICAL AND ECONOMIC DEVELOPMENT OF THE REGION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $234,782

Program Service Revenue $319,537

Investment Income $63

Other Revenue $4,354

TOTAL REVENUE $558,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,916

Fundraising Expenses $0

Other Expenses $262,429

TOTAL EXPENSES $506,345

Year-over-Year Comparison

	2022	2021	Change
Revenue	$558,736	$418,225	+0.3%
Expenses	$506,345	$492,768	+0.0%
Net Income	$52,391	$-74,543	-1.7%

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

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
JAKE MILLER	PAST CHAIR	N/A	Officer Director	$0	$0	$0
DAVID GOGEL	CHAIR	N/A	Officer Director	$0	$0	$0
STEVE MATTEO	TREASURER	N/A	Officer Director	$0	$0	$0
JOAN LEMOLE	SECRETARY	N/A	Officer Director	$0	$0	$0
PAM BARKER	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS AUSTIN	DIRECTOR	N/A	Director	$0	$0	$0
LAURA TRACY	DIRECTOR	N/A	Director	$0	$0	$0
MICHELLE PEACOCK	DIRECTOR	N/A	Director	$0	$0	$0
MARTHA KEMPE	DIRECTOR	N/A	Director	$0	$0	$0
DIANE LEBSON	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL PEASE	DIRECTOR	N/A	Director	$0	$0	$0
BECKY LOWE	DIRECTOR	N/A	Director	$0	$0	$0
GREG SOUTEIA	DIRECTOR	N/A	Director	$0	$0	$0
GERALD WEINAND	DIRECTOR	N/A	Director	$0	$0	$0
JEFF HAMILTON	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
2023	$558,736	$506,345	$63,000	$52,391
2022	$418,225	$492,768	$105,626	$-74,543
2021	$302,282	$364,377	$90,061	$-62,095
2020	$493,965	$494,829	$99,435	$-864
2019	$502,792	$538,150	$136,808	$-35,358
2018	$556,265	$559,085	$146,184	$-2,820

PENOBSCOT BAY REGIONAL CHAMBER OF COMMERCE