Wakefield Lynnfield Chamber of Commerce

Nonprofit profile at a glance

EIN
042601159
IRS 990-EZ coverage
2019–2025
Forms available
Form 990-EZ 2025, Form 990-N 2014
Location
Wakefield, MA, USA
Phone
7812450741
Rating confidence
Limited
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$75,586
Expenses
$73,632
Assets
$91,620
Liabilities
$10,495

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • CHRISTOPHER BARRETT (CO-PRESIDENT)
  • JANICE CASOLI (CO-PRESIDENT)

People named in this filing

  • CHRISTOPHER BARRETT (CO-PRESIDENT)
  • JANICE CASOLI (CO-PRESIDENT)
  • ANN HADLEY (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The chamber answers hundreds of questions regarding its representation and advocacy on behalf of the local business community. The chmaber also supports local businesses by offering referrals and responding to local and state issues that impact and effect thier business. Chamber members also recieved a number of benefits of chamber membership such as networking opportunities, business listings, educational opportunities and business counseling.

What it reported doing in 2025

Education sessions and programs - the chamber provided multiple education session and programs to keep the local business community educated by hosting such sessions as "an active shooter in the work place and consumer scams" with the local police department as well as health educational programs with the wakefield health department. The chamber also provided access to multiple sessions on the availability and application process for both of the sba driven eidl and ppp programs. Addiitonally, the chamber provided mulitple training programs with the use of score.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 40
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 2.6%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 1.24; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 67.8%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -155% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -6.4% per year; rating input score 0; 31st percentile among comparable filings
  • Asset growth: 1.3% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 18 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 7 filing years from 2019 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.