BRIDGEPORT 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

1969

Legal Domicile

Principal Officer

NATHAN BYERS

Phone

9406832076

Tax Period

2023-01-01 to 2023-12-31

BRIDGEPORT CHAMBER OF COMMERCE, founded in 1969, is a micro nonprofit that reported $83K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $106K exceeded revenue, resulting in a 28% operating deficit.

Mission

PROVIDE SERVICES AND RESOURCES TO MEMBER BUSINESSES AND PROVIDE TOURIST INFORMATION TO PROSPECTIVE AND ACTUAL TOURISTS.

Program Service Accomplishments

Program 1

Expenses: $68,102

PROVIDE SERVICES AND RESOURCES TO MEMBER BUSINESSES AND PROVIDE TOURIST INFORMATION TO PROSPECTIVE AND ACTUAL TOURISTS.

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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 $95,005

Program Service Revenue $0

Investment Income $101

Other Revenue $-12,151

TOTAL REVENUE $82,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,752

Fundraising Expenses $12,458

Program Expenses $68,102

Other Expenses $55,054

TOTAL EXPENSES $105,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,955	$75,794	+0.1%
Expenses	$105,806	$96,313	+0.1%
Net Income	$-22,851	$-20,519	+0.1%

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
NATHAN BYERS	EXECUTIVE DI	N/A	Director	$0	$0	$0
MELANIE CASEY	DIRECTOR	N/A	Director	$0	$0	$0
LEAH CLARK	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN COFFMAN	DIRECTOR	N/A	Director	$0	$0	$0
TERRY EVERETT	DIRECTOR	N/A	Officer Director	$0	$0	$0
SALLY HALL	DIRECTOR	N/A	Officer Director	$0	$0	$0
BRANDI HART	DIRECTOR	N/A	Director	$0	$0	$0
COREY INGRAM	DIRECTOR	N/A	Director	$0	$0	$0
PAM LANFEAR	DIRECTOR	N/A	Director	$0	$0	$0
KRYSTAL MASON	DIRECTOR	N/A	Director	$0	$0	$0
FRED MEYERS	DIRECTOR	N/A	Director	$0	$0	$0
KRYSTAL SMITH	DIRECTOR	N/A	Director	$0	$0	$0
SHALEY TATE	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	$82,955	$105,806	$21,323	$-22,851
2022	$75,794	$96,313	$40,328	$-20,519
2021	$85,245	$67,079	$70,500	$18,166
2020	$100,554	$94,564	$52,251	$5,990
2018	$139,918	$146,501	$62,955	$-6,583