FITCHBURG 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

1998

Legal Domicile

Principal Officer

ANGELA KINDERMAN

Phone

6082888284

Tax Period

2024-01-01 to 2024-12-31

FITCHBURG CHAMBER OF COMMERCE, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $606K in total revenue in fiscal year 2024.

Mission

THE FITCHBURG CHAMBER VISITOR & BUSINESS BUREAU PROVIDES TOOLS, RESOURCES, AND OPPORTUNITIES TO SUPPORT THE SUCCESS OF OUR MEMBERS. THE ORGANIZATION ACCOMPLISHES THIS BY UNITING AND ENGAGING BUSINESSES, RESIDENTS, CIVIC LEADERS, AND VISITORS. THE ORGANIZATION'S WORK INCLUDES: NETWORKING EVENTS, INFORMATION AND EDUCATIONAL PROGRAMING DESIGNED TO GROW OUR BUSINESS AND YOUR NETWORKS; MARKET THE COMMUNITY OF FITCHBURG AND ITS BUSINESSES BY SUPPORTING TOURISM, EVENTS AND PROMOTIONAL ACTIVITIES; INFORM AND REPRESENT THE BUSINESS COMMUNITY ON LOCAL LEGISLATIVE TOPICS; CREATE A COLLABORATIVE ENVIRONMENT TO FOSTER A THRIVING AND VIBRANT COMMUNITY WITHIN OUR REGION.

Program Service Accomplishments

Program 1

350 ACTIVE MEMBERS RECEIVE NETWORKING OPPORTUNITIES INCLUDING NEWSLETTER, MEETINGS, DIRECTORY, ANNUAL MEETING, WEB SITE LINKS, NEW MEMBER BREAKFASTS, BUSINESS RELATED COMMUNICATIONS, EDUCATION, AND...

Program 2

TOURISM DEVELOPMENT ALONG WITH CITY TO EDUCATE AREA COMMUNITIES AND CITIZENS OF RESOURCES AVAILABLE WITHIN FITCHBURG.

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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 $21,731

Program Service Revenue $577,457

Investment Income $1,739

Other Revenue $5,185

TOTAL REVENUE $606,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,380

Fundraising Expenses $0

Other Expenses $248,093

TOTAL EXPENSES $600,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$606,112	$632,940	0.0%
Expenses	$600,473	$583,181	+0.0%
Net Income	$5,639	$49,759	-0.9%

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

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
ANGELA KINDERMAN	EXECUTIVE DI	40.00	Officer	$0	$0	$0
LANE MANNING	PRESIDENT	0.50	Officer Director	$0	$0	$0
NICHOLAS WATT	PRESIDENT-EL	0.50	Director	$0	$0	$0
ALICIA GREER	TREASURER	0.50	Officer Director	$0	$0	$0
ERIN ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK STERN	DIRECTOR	0.50	Director	$0	$0	$0
BRAD ALEXJUN	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN ARKIN	DIRECTOR	0.50	Director	$0	$0	$0
RYAN SEIB	DIRECTOR	0.50	Director	$0	$0	$0
SARA HOESCHT	DIRECTOR	0.50	Director	$0	$0	$0
MARK HAMILTON	DIRECTOR	0.50	Director	$0	$0	$0
DIONDRAY PERMO	DIRECTOR	0.50	Director	$0	$0	$0
MIKE ZIMMERMAN	CEDA REPRESE	0.50	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	$606,112	$600,473	$434,276	$5,639
2023	$632,940	$583,181	$428,637	$49,759
2022	$496,359	$453,703	$527,188	$42,656
2021	$420,548	$310,154	$484,532	$110,394
2020	$350,979	$352,003	$374,138	$-1,024
2019	$567,709	$542,677	$225,162	$25,032
2018	$523,016	$486,512	$200,130	$36,504