Civic Intelligence

Metrowest Chamber of Commerce Inc

EIN 04-1339795 • 501(c)6 • Framingham, MA

View Organization Page

Profile

To further economic development and promote the economic well-being of the metrowest region of massachusetts.

860 Worcester RoadFramingham, MA 01702

www.metrowest.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.54x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.18x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

66th percentile

9.0%

Higher net margin than 66% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$25,012

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

96th percentile

101%

Faster asset growth than 96% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

1.5%

Faster revenue growth than 54% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$34,749

Up $17,484 (+101%) from 2023

Liabilities

Down

$53,472

Down $9,150 (-15%) from 2023

Net Assets

Up

-$18,723

Up $26,634 (+59%) from 2023

Operations
Liabilities / Revenue83rd percentileNet Margin66th percentile

Revenue

Up

$295,680

Up $4,468 (+1.5%) from 2023

Expenses

Down

$269,046

Down $110,296 (-29%) from 2023

Net Income

Up

$26,634

Up $114,764 (+130%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$100K$0-$100K-$200KAssets 2010: $63,873Liabilities 2010: $168,101Net Assets 2010: -$104,2282010Assets 2011: $112,505Liabilities 2011: $157,395Net Assets 2011: -$44,8902011Assets 2012: $122,215Liabilities 2012: $160,574Net Assets 2012: -$38,3592012Assets 2013: $116,017Liabilities 2013: $0Net Assets 2013: $116,0172013Assets 2014: $112,885Liabilities 2014: $1,487Net Assets 2014: $111,3982014Assets 2015: $85,423Liabilities 2015: $2,437Net Assets 2015: $82,9862015Assets 2016: $48,380Liabilities 2016: $789Net Assets 2016: $47,5912016Assets 2017: $65,028Liabilities 2017: $33,532Net Assets 2017: $31,4962017Assets 2018: $65,320Liabilities 2018: $53,200Net Assets 2018: $12,1202018Assets 2019: $74,905Liabilities 2019: $30,250Net Assets 2019: $44,6552019Assets 2020: $71,718Liabilities 2020: $31,000Net Assets 2020: $40,7182020Assets 2021: $88,294Liabilities 2021: $30,941Net Assets 2021: $57,3532021Assets 2022: $74,674Liabilities 2022: $31,900Net Assets 2022: $42,7742022Assets 2023: $17,265Liabilities 2023: $62,622Net Assets 2023: -$45,3572023Assets 2024: $34,749Liabilities 2024: $53,472Net Assets 2024: -$18,7232024

Highlighted filing

2024

Assets$34,749
Liabilities$53,472
Net Assets-$18,723
Open 2024 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2010: $573,565Expenses 2010: $588,830Net Income 2010: -$15,2652010Expenses 2011: $542,0632011Expenses 2012: $602,0322012Revenue 2013: $563,696Expenses 2013: $555,229Net Income 2013: $8,4672013Revenue 2014: $588,143Expenses 2014: $592,762Net Income 2014: -$4,6192014Revenue 2015: $585,265Expenses 2015: $613,677Net Income 2015: -$28,4122015Revenue 2016: $537,267Expenses 2016: $572,662Net Income 2016: -$35,3952016Revenue 2017: $553,140Expenses 2017: $569,235Net Income 2017: -$16,0952017Revenue 2018: $478,200Expenses 2018: $497,576Net Income 2018: -$19,3762018Revenue 2019: $429,555Expenses 2019: $397,020Net Income 2019: $32,5352019Revenue 2020: $307,969Expenses 2020: $311,906Net Income 2020: -$3,9372020Revenue 2021: $307,554Expenses 2021: $290,919Net Income 2021: $16,6352021Revenue 2022: $355,601Expenses 2022: $370,180Net Income 2022: -$14,5792022Revenue 2023: $291,212Expenses 2023: $379,342Net Income 2023: -$88,1302023Revenue 2024: $295,680Expenses 2024: $269,046Net Income 2024: $26,6342024

Highlighted filing

2024

Revenue$295,680
Expenses$269,046
Net Income$26,634
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$34,749
Liabilities
$53,472
Net assets
-$18,723
Revenue
$295,680
Expenses
$269,046
Net income
$26,634
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.53$0.19$2.96$2.69$0.27
2023Detailed filing. Detailed filing data is available for this year.$0.17$0.63$0.45$2.91$3.79$0.88
2022Detailed filing. Detailed filing data is available for this year.$0.75$0.32$0.43$3.56$3.70$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.31$0.57$3.08$2.91$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.31$0.41$3.08$3.12$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.30$0.45$4.30$3.97$0.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.53$0.12$4.78$4.98$0.19
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.34$0.31$5.53$5.69$0.16
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.01$0.48$5.37$5.73$0.35
2015Detailed filing. Detailed filing data is available for this year.$0.85$0.02$0.83$5.85$6.14$0.28
2014Detailed filing. Detailed filing data is available for this year.$1.13$0.01$1.11$5.88$5.93$0.05
2013Summary only. Only limited summary data is available for this year.$1.16$0.00$1.16$5.64$5.55$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$1.61$0.38$6.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$1.57$0.45$5.42
2010Summary only. Only limited summary data is available for this year.$0.64$1.68$1.04$5.74$5.89$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 17, 2025
Return Version
2024v5.1
Gross Receipts
$295,680
Mission and Program Overview

Mission

To further economic development and promote the economic well-being of the metrowest region of massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$17,265$34,749▲ $17,484
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$17,265$34,749▲ $17,484
Liabilities
Other Liabilities$49,660$44,660▼ $5,000
Accounts Payable and Accrued Expenses$12,962$8,812▼ $4,150
Total Liabilities$62,622$53,472▼ $9,150
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-45,357$-18,723▲ $26,634
Total Net Assets Fund Balance$-45,357$-18,723▲ $26,634
Total Liabilities and Net Assets / Fund Balance$17,265$34,749▲ $17,484

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$13,089-
Equipment$0$23,211-
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Reyad ShahPresidentPT$25,012$25,012
James GiammarinaroDirectorPT$18,862$18,862

Board Members and Trustees

NameTitle
Anthony MurphyDirector
Brian CasaciliDirector
Brian GrossmanDirector
Chuck BuddDirector
Craig LizotteDirector
David LaurentDirector
Eileen DavisDirector
Evan EastmanDirector
Gary DodakianDirector
Jamie StafsleinDirector
Jason PalitschDirector
Jeremy SolomonDirector
Jim BartholomewDirector
John Whitlock JrDirector
Kevin JaundooDirector
Larry DroletDirector
Lydia ColonDirector
Nancy NiemiDirector
Nicholas JenningsDirector
Peter BarbieriDirector
Rick MacphersonDirector
Robert ValairDirector
Ryan BurkhartDirector
Shannon TelesDirector
Vance WilliamsDirector
Vera DiasDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$230,510
Program Service Revenue
$60,691
Investment Income
$0
Other Revenue
$4,479
All Other Contributions
$96,040
Change in Net Assets
$26,634
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$144,683
Other Expenses$124,363
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$128,834--$128,834
Advertising$15,020--$15,020
Insurance$14,820--$14,820
Payroll Taxes$11,120--$11,120
Fees for Services Legal$9,800--$9,800
Fees for Services Accounting$6,770--$6,770
All Other Expenses$6,391--$6,391
Occupancy$3,850--$3,850
Pension Plan Contributions$3,720--$3,720
Other Expenses$3,131--$3,131
Office Expenses$2,622--$2,622
Fees for Services Other$2,553--$2,553
Interest$1,549--$1,549
Other Employee Benefits$1,009--$1,009
Total Functional Expenses$269,046$0$0$269,046
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$24,900
Due to Affiliate$19,760
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Tax return is reviewed by members of the board of directors at a monthly meeting prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Enforcement of conflicts policy each year the organization's conflict of interest policy is provided to all officers, directors and key employees. These people are asked to review the policy and sign a statement indicating that they understand the policy, have reported all potential conflicts during the past year in accordance with the policy and will report all potential conflicts during the coming year. All potential conflicts are evaluated by the board to determine if a conflict actually exists. In those instances where the potential transaction is a conflict, the board examines the transaction and a vote is taken (with those involved recusing themselves) as to whether the organization will enter into the transaction.”

Form 990, Part VI, Section B, Line 15

“Compensation process for officers no compensation is provided to officers other than the president and ceo.”

Form 990, Part VI, Section C, Line 18

“Forms are available upon request”

Form 990, Part VI, Section C, Line 19

“Governing documents disclosure explanation the organization's articles of incorporation are available at the secretary of state's office. The organization does not make it's financial statements, by-laws or conflicts of interest policy available to the public as it does not beleive that a public purpose would be served by doing so.”

Filing and Contact Details

Filer

Filer Name
Metrowest Chamber of Commerce Inc
EIN
04-1339795
Phone
5085612402
Address
860 WORCESTER ROAD, FRAMINGHAM, MA 01702

Signing Officer

Name
Reyad Shah
Title
President
Phone
5088795600
Signed
2025-06-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reyad Shah
Formed
1932
Legal Domicile
Ma
Voting Board Members
26
Independent Board Members
26
Employees
0
Volunteers
0

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
100 FRONT STREET 16TH FLOOR, WORCESTER, MA 01608
Preparer
Jonah Lerner
Phone
5087573311
Raw XML AppendixShowing 400 of 525 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm5LARRY DROLET
IRS990/Form990PartVIISectionAGrp/PersonNm6BRIAN GROSSMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7DAVID LAURENT
IRS990/Form990PartVIISectionAGrp/PersonNm8CRAIG LIZOTTE
IRS990/Form990PartVIISectionAGrp/PersonNm9JEREMY SOLOMON
IRS990/Form990PartVIISectionAGrp/PersonNm10JAMIE STAFSLEIN
IRS990/Form990PartVIISectionAGrp/PersonNm11SHANNON TELES
IRS990/Form990PartVIISectionAGrp/PersonNm12RICK MACPHERSON
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IRS990/Form990PartVIISectionAGrp/PersonNm19EVAN EASTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm20NICHOLAS JENNINGS
IRS990/Form990PartVIISectionAGrp/PersonNm21NANCY NIEMI
IRS990/Form990PartVIISectionAGrp/PersonNm22JASON PALITSCH
IRS990/Form990PartVIISectionAGrp/PersonNm23ANTHONY MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm24VANCE WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm25JOHN WHITLOCK JR
IRS990/Form990PartVIISectionAGrp/PersonNm26REYAD SHAH
IRS990/Form990PartVIISectionAGrp/PersonNm27JAMES GIAMMARINARO
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
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IRS990/FormationYr01932
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IRS990/MissionDesc0TO FURTHER ECONOMIC DEVELOPMENT AND PROMOTE THE ECONOMIC WELL-BEING OF THE METROWEST REGION OF MASSACHUSETTS.
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IRS990/ProgramServiceRevenueGrp/Desc1EVENTS INCOME
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IRS990/ProgSrvcAccomActy2Grp/Desc0ANNUAL GALA AND AWARDS DINNER - TO FURTHER THE DEVELOPMENT AND COMMERCIAL WELFARE OF THE METROWEST REGION OF MASSACHUSETTS THROUGH RECOGNITION OF OUR MEMBERS AND THEIR ACCOMPLISHMENTS TOWARDS THESE GOALS.
IRS990/ProgSrvcAccomActy3Grp/Desc0ANNUAL GOLF TOURNAMENT - TOURNAMENT IS THE CHAMBER'S MAJOR FUNDRAISER FOR THE METROWEST CHAMBER EDUCATIONAL FOUNDATION. PROCEEDS AWARD SCHOLARSHIPS TO THE METROWEST GRADUATING HIGH SCHOOL SENIORS FOR FURTHER EDUCATION.
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