CHAMBER OF COMMERCE OF THE BOROUGH OF QUEENS INC (EIN 110559220) - Form 990 Financial Analysis & Trantor Score

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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

1911

Legal Domicile

Principal Officer

THOMAS GRECH

Phone

7188988500

Tax Period

2023-01-01 to 2023-12-31

CHAMBER OF COMMERCE OF THE BOROUGH OF QUEENS INC, founded in 1911, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE BUSINESS IN THE BOROUGH OF QUEENS, CITY OF NEW YORK, AND TO PROVIDE MEMBERS WITH THE OPPORTUNITY TO EXPAND THEIR BUSINESSES AND ENHANCE THE OVERALL BUSINESS ENVIRONMENT.

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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 $3,597,595

Program Service Revenue $0

Investment Income $0

Other Revenue $35,326

TOTAL REVENUE $3,632,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,422,849

Fundraising Expenses $0

Program Expenses $2,509,463

Other Expenses $1,257,553

TOTAL EXPENSES $3,680,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,632,921	$3,091,968	+0.2%
Expenses	$3,680,402	$3,085,682	+0.2%
Net Income	$-47,481	$6,286	-8.6%

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

$486,582

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS SANTUCCI	CHAIRMAN	1.00	Officer Director	$0	$0	$0
NASH ROE	ASSOCIATE TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD DZWLEWICZ	ASSOCIATE SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICIA MEZEUL	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK YU	SECRETARY	1.00	Officer Director	$0	$0	$0
RAYMOND IRRERA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK SCHEINBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK WEPRIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MELINDA MURRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
MEREDITH MARSHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE STODDART	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE BALDWIN	BOARD MEMBER	1.00	Director	$0	$0	$0
SALVATORE CRIFASI	BOARD MEMBER	1.00	Director	$0	$0	$0
SHER SPARANO	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH KOENIG	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN PREUSS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN DECLARA	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMARA GAVRIELOF	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRI THOMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LORRAINE CHAMBERS LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA ODYSSEOS	BOARD MEMBER	1.00	Director	$0	$0	$0
JUAN SANTIAGO	BOARD MEMBER	1.00	Director	$0	$0	$0
CARL MATTONE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES CALLAHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES EVERETT	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL ZAUSNER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID DIRAIO	BOARD MEMBER	1.00	Director	$0	$0	$0
FRAN GROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH J BUETTNER	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK MACCHIO	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY WAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HOWARD GRAF	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY ROSENSTOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH R FICALORA	BOARD MEMBER	1.00	Director	$0	$0	$0
BERT LURCH	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS GRECH	PRESIDENT/CEO	40.00	Officer	$214,882	$9,591	$224,473
JOANNE PERSAD	CHIEF OPERATIONS OFFICER	40.00	Officer	$129,305	$13,679	$142,984
RICHARD J GREBINGER	CFO	40.00	Officer	$118,620	$505	$119,125
BRENDAN LEAVY	VP, BUSINESS DEVELOPMENT	40.00	Highest	$121,576	$3,583	$125,159

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	No data	No data	No data	No data
2023	$3,632,921	$3,680,402	$2,856,540	$-47,481
2022	$3,091,968	$3,085,682	$1,975,527	$6,286
2021	$3,049,031	$2,550,011	$1,746,395	$499,020
2020	$2,405,393	$2,420,054	$1,405,620	$-14,661
2019	$2,020,991	$1,774,253	$1,110,972	$246,738
2018	$1,489,832	$1,346,018	$577,302	$143,814

CHAMBER OF COMMERCE OF THE BOROUGH OF QUEENS INC