Greater Manchester Chamber of Commerce

Overview

Mission

We are the voice of business, shaping economic success to enhance the quality of life in greater manchester. Our four areas of strategic focus include 1) economic development 2) workforce development 3) diversity, equity and inclusion and 4) the chamber of tomorrow. Towards these goals , the greater manchester chamber supports, facilitates, and enhances economic vitality in order to attract new businesses and promote growth for existing businesses in the greater manchester region. The gmc helps to attract and develop a dynamic workforce that can sustain economic growth and prosperity for the greater manchester region. We forge new connections and partnerships with diverse communities and stakeholders from across our community and state. We serve as resource for member businesses seeking to implement new practices intended to foster a culture of equity and inclusion in the workplace and in the communities they serve. The gmc aspires to be the premier member-serving organization and cham

What it reported doing in 2024

The gmc offers a variety of programming to educate and inform the business community about government affairs, economic development, workforce development, diversity, equity and inclusion, education and advocacy on behalf of business at the city and state level. We manage the leadership greater manchester and manchester young professionals programs that shape and mold leaders. We also honor a citizen of the year annually for outstanding excellence and service to the community. Lastly, we offer a variety of experiential and networking programs to connect professionals for relationship-building.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
020161920
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Headquarters
Manchester, NH, USA
Phone
6037924100
Rating
81
Verdict
STRONG
Rating confidence
Moderate

Official website

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.2%; rating input score 78
  • Program expense ratio: 77.6%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.3%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.91; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0.65; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 11.2%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 7.9% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 2.3% per year; rating input score 100; 26th percentile among comparable filings
  • Asset growth: 15.1% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 78.2% of revenue deployed · 77.6% of spending went to programs
  • Governance: 23 of 23 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $995K in reported program spending
  • Leadership: top reported pay $143K · 24 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 13 annual filings from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

24 people listed

Highest reported compensation

  • HEATHER MCGRAIL (PRESIDENT/CE): $143,312 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.