METROCREST CHAMBER OF COMMERCE

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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

1968

Legal Domicile

Principal Officer

MICHAEL GALLOPS

Phone

9727465768

Tax Period

2023-01-01 to 2023-12-31

METROCREST CHAMBER OF COMMERCE, founded in 1968, is a small nonprofit that reported $405K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $379K left a modest 6% surplus.

Mission

TO CREATE ECONOMIC PROSPERITY FOR OUR MEMBERS BY PROVIDING PROGRAMS, RESOURCES, AND SUPPORT THAT ASSIST AND BENEFIT BUSINESS, GOVERNMENT AND CITIZENS RESULTING IN A VIBRANT PLACE TO LIVE AND WORK.

Program Service Accomplishments

Program 1

Expenses: $116,222 Revenue: $88,380

ECONOMIC DEVELOPMENT ACTIVITIES WHICH INCLUDE PROMOTING EXISTING BUSINESSES AND MARKETING TO PROSPECTIVE BUSINESSES FOR THE OVERALL ECONOMIC BENEFIT OF THE SERVICE AREA.

Program 2

Expenses: $105,848 Revenue: $80,491

THE CHAMBER CONDUCTS GENERAL MEMBERSHIP LUNCHEONS AND WOMEN'S BUSINESS FORUM LUNCHEONS WITH SPEAKERS ADDRESSING TOPICS OF COMMUNITY AND BUSINESS INTEREST, INCLUDING LEGISLATIVE UPDATES AND OTHER...

THE CHAMBER CONDUCTS GENERAL MEMBERSHIP LUNCHEONS AND WOMEN'S BUSINESS FORUM LUNCHEONS WITH SPEAKERS ADDRESSING TOPICS OF COMMUNITY AND BUSINESS INTEREST, INCLUDING LEGISLATIVE UPDATES AND OTHER LOCAL INTEREST UPDATES. IN 2023, APPROXIMATELY 403 ATTENDED THESE EVENTS WHICH WERE HOSTED BOTH VIRTUALLY AND IN PERSON.

Program 3

Expenses: $35,531 Revenue: $27,019

THE ANNUAL BANQUET PROVIDES THE OPPORTUNITY FOR CHAMBER MEMBERS TO NETWORK, REVIEW THE ACCOMPLISHMENTS OF THE CHAMBER, AND TO PRESENT CHAMBER AND COMMUNITY AWARDS TO MEMBERS. ADDITIONAL NETWORKING...

THE ANNUAL BANQUET PROVIDES THE OPPORTUNITY FOR CHAMBER MEMBERS TO NETWORK, REVIEW THE ACCOMPLISHMENTS OF THE CHAMBER, AND TO PRESENT CHAMBER AND COMMUNITY AWARDS TO MEMBERS. ADDITIONAL NETWORKING MEETINGS ARE CONDUCTED DURING THE YEAR IN VARIOUS FORMATS SUCH AS METROCREST CONNECTS, AND BUSINESS SKILLS DEVELOPMENT WORKSHOPS.

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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 $161,240

Program Service Revenue $238,430

Investment Income $36

Other Revenue $5,095

TOTAL REVENUE $404,801

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,249

Fundraising Expenses $0

Program Expenses $273,811

Other Expenses $186,937

TOTAL EXPENSES $379,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$404,801	$352,949	+0.1%
Expenses	$379,186	$303,783	+0.2%
Net Income	$25,615	$49,166	-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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD SHEPARD	CHAIR	2.00	Director	$0	$0	$0
JAN RUGG	CHAIR-ELECT	2.00	Director	$0	$0	$0
SANDEE TREPTOW	DIRECTOR	1.00	Director	$0	$0	$0
KITA HOBBS	DIRECTOR	1.00	Director	$0	$0	$0
AMIR MIRZADEH	PAST-CHAIRMAN	1.00	Director	$0	$0	$0
BAHARAK SOUTOUDEH	TREASURER	2.00	Director	$0	$0	$0
DARBY MERRIMAN	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA COFFEY	DIRECTOR	1.00	Director	$0	$0	$0
JENECA WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN SHOEMAKER	PAST-CHAIRMAN	1.00	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	$404,801	$379,186	$163,276	$25,615
2022	$352,949	$303,783	$136,283	$49,166
2021	$196,851	$155,787	$90,631	$41,064
2020	$191,812	$189,802	$86,312	$2,010
2019	$343,481	$334,108	$85,890	$9,373