GREATER WELLINGTON CHAMBER FKA WELLINGTON CHAMBER OF COMMERCE INC

EIN: 650693111 Community Improvement

WELLINGTON, FL

Total Revenue
$278,285
Total Expenses
$277,938
Total Assets
$93,920
Net Assets
$39,994
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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
1996
Legal Domicile
FL
Principal Officer
MICHELA GREEN
Phone
5617926525
Tax Period
2023-01-01 to 2023-12-31

GREATER WELLINGTON CHAMBER FKA WELLINGTON CHAMBER OF COMMERCE INC, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $278K in total revenue in fiscal year 2023.

Mission

PROMOTE THE WELFARE OF THE LOCAL BUSINESS COMMUNITY

Program Service Accomplishments

Program 1
Expenses: $225,917

THE CHAMBER PROVIDES BUSINESS CARD EXCHANGE MIXERS, BUSINESS EXPOS, AND A LOCAL BUSINESS GUIDE, ALL DESIGNED TO EDUCATE THE LOCAL COMMUNITY AND PROMOTE THE OVERALL GROWTH AND WELL BEING OF LOCAL...

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THE CHAMBER PROVIDES BUSINESS CARD EXCHANGE MIXERS, BUSINESS EXPOS, AND A LOCAL BUSINESS GUIDE, ALL DESIGNED TO EDUCATE THE LOCAL COMMUNITY AND PROMOTE THE OVERALL GROWTH AND WELL BEING OF LOCAL BUSINESSES. ALL EVENTS ARE DESIGNED TO BRING LOCAL BUSINESS MEMBERS TOGETHER TO HELP GROW THEIR BUSINESS THROUGH THE KNOWLEDGE AND FAMILIARITY WITH OTHERS IN THE COMMUNITY.

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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 $93,775
Program Service Revenue $184,510
Investment Income $0
Other Revenue $0
TOTAL REVENUE $278,285

Expense Breakdown

Grants Paid $0
Salaries & Benefits $128,286
Fundraising Expenses $0
Program Expenses $225,917
Other Expenses $149,652
TOTAL EXPENSES $277,938

Year-over-Year Comparison

2023 2022 Change
Revenue $278,285 $272,452 +0.0%
Expenses $277,938 $242,536 +0.1%
Net Income $347 $29,916 -1.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
65

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
5
$0
Total Directors
10
$121,710
Key Employees
1
$121,710
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELA GREEN EXECUTIVE DIRECTOR 050.00
Director Key Emp Highest
$113,099 $8,611 $121,710
DARYL LYON PRES./DIR 020.00
Officer Director
$0 $0 $0
PETER BARTUSKA PRES ELEC/VICE PRES/DIR 010.00
Officer Director
$0 $0 $0
SCOTT SWEIGART IMM PAST PRES/DIR 010.00
Officer Director
$0 $0 $0
DERMOT MACMAHON SECRETARY/DIR 010.00
Officer Director
$0 $0 $0
STUART HACK TREASURER/DIR 010.00
Officer Director
$0 $0 $0
MAUREEN BRENNAN DIRECTOR 010.00
Director
$0 $0 $0
JANE GARIFO DIRECTOR 010.00
Director
$0 $0 $0
ALEC DOMB DIRECTOR 010.00
Director
$0 $0 $0
LISA BANIONIS DIRECTOR 010.00
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
2024 No data No data No data No data
2023 $278,285 $277,938 $93,920 $347
2022 $272,452 $242,536 $93,249 $29,916
2021 $201,162 $197,298 $62,177 $3,864
2020 $118,983 $148,221 $58,127 $-29,238
2019 $180,308 $182,280 $37,318 $-1,972
2018 $180,046 $174,559 $39,124 $5,487
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