KENT CHAMBER OF COMMERCE INC (EIN 743033415) - 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

2002

Legal Domicile

Principal Officer

PHIL FOX

Tax Period

2024-01-01 to 2024-12-31

KENT CHAMBER OF COMMERCE INC, founded in 2002, is a micro nonprofit in the Community Improvement sector that reported $63K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

ADVANCEMENT OF THE COMMERCIAL, AGRICULTURAL AND INDUSTRIAL AND CIVIC INTEREST OF THE TOWN OF KENT, CT AND ITS SURROUNDING TERRITORY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $63,136

Investment Income $105

Other Revenue $0

TOTAL REVENUE $63,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,017

Fundraising Expenses $0

Other Expenses $50,293

TOTAL EXPENSES $68,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,241	$50,502	+0.3%
Expenses	$68,310	$57,900	+0.2%
Net Income	$-5,069	$-7,398	-0.3%

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

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
ELLEN CORSELL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BRIAN COSSARI	TREASURER	N/A	Officer Director	$0	$0	$0
PHIL FOX	PRESIDENT	N/A	Officer Director	$0	$0	$0
GARY KIDD	SECRETARY	N/A	Officer Director	$0	$0	$0
LULU MCPHEE	BOARD MEMBER	N/A	Officer 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	$63,241	$68,310	$23,731	$-5,069
2023	$50,502	$57,900	$28,800	$-7,398
2022	$61,748	$53,522	$36,198	$8,226
2021	$72,781	$71,279	$27,972	$1,502
2020	$33,022	$38,858	$26,470	$-5,836
2019	$88,006	$86,046	$32,306	$1,960
2018	$91,935	$103,890	$30,346	$-11,955

KENT CHAMBER OF COMMERCE INC